Dear Friend,

Thank you for visiting my Blog. Not all of us were born in a rich family and we always think about retiring as a CROREPATI. Thinking is one thing, have you done anything to achieve that dream?

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They are:

1. Your Complete Guide to Indian Income Tax and Retiring as a Crorepati
2. The Most Comprehensive Financial Guide for Women and
3. Safe Investment Havens of India

To know more about these books, their price and check out a sneak preview, please Click Here...

Best Wishes!!

Anand

Monday, June 24, 2013

Top 50 Dividend Paying Stocks in India


Every Investor is looking for the next hot stock tip. A stock whose price will double or triple in a few months. However, one of the often neglected aspects of stock market investing is the “Dividend Income”. Dividend Income is one of the key constraints I look at when I want to choose a stock to invest. The idea behind this article is to list down the top 50 companies in India based on the dividend they declare on a yearly basis.

Before we begin: The list is correct as of the date this article was compiled. This list may keep changing on a regular basis based on which company declares more dividends.

What is a Dividend?

A dividend paid out by a stock is nothing but a share in the profits that the company has made over the past half year or one year which they want to share with their shareholders. It is usually declared as a % of the face value of a share. For ex: If Company X declares a 25% dividend on a share of face value Rs. 10/- it means that they will pay Rs. 2.50/- for every share that is held by you. So, if you hold 1000 shares of company X, you will get Rs. 2,500/-

Tip:
The Dividend is declared only on face value and not market value. A share could have a face value of Rs. 10/- and be trading at Rs. 1000/- in the market. But still, their dividend % will be at the face value of Rs. 10/- and not Rs. 1000/-.

What does a healthy dividend payout signify?

A good company that is making good profits will always and I mean always share a % of their profits through Dividends to their investors. So, one of the measures of finding out how well a company is doing is through how much dividend they are paying. IT Majors like TCS and Infosys are preferred by Investors not only for the capital appreciation aspect of investment but also on the dividend payout part. These 2 companies have been paying out healthy dividends year after year for the past 5-10 years making them a preferred stock among Investors. Only a company that is making good profits can afford to pay out dividends. So, a good dividend payout is a sign of an healthy management and successful business.

The Top 50 Dividend Paying Companies in India:
1. ACC Limited
2. Alstom India Ltd
3. Allahabad Bank
4. Andhra Bank
5. Ashok Leyland
6. Bajaj Auto
7. Bajaj Holdings & Investments Ltd
8. Bank of Baroda
9. Canara Bank
10. Castrol India
11. Chambal Fertilizers
12. Colgate Palmolive
13. Corporation Bank
14. Cummins India
15. Dena Bank
16. DHFL (Dewan Housing Finance Ltd)
17. Engineers India Ltd
18. Glaxo Smithkline Pharmaceuticals
19. Glaxo Smithkline Consumer Healthcare Ltd
20. Gujarat Gas Company
21. Hero Motor Corp
22. Hexaware Corp
23. Hindustan Petroleum
24. Hindustan Unilever
25. IDBI
26. Indian Bank
27. Indian Overseas Bank
28. ITC
29. Jammu & Kashmir Bank
30. Karur Vysya Bank
31. Karnataka Bank
32. LIC Housing Finance Ltd
33. Mahindra & Mahindra Financial Services
34. McLeod Russel India Ltd
35. Mphasis Technologies
36. NIIT Technologies
37. National Thermal Power Corpn (NTPC)
38. Oil India Ltd
39. ONGC (Oil and Natural Gas Corpn of India)
40. Oriental Bank of Commerce
41. Piramal Enterprises
42. Power Finance Corp
43. Punjab National Bank
44. Rallis India
45. Rural Electrification Corporation
46. South Indian Bank
47. Syndicate Bank
48. UCO Bank
49. Union Bank of India
50. Vijaya Bank

Disclaimer: This is not investment recommendation or advice. Readers are requested to do their own research before investing in any of the stocks mentioned above.

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This website or Author does not provide stock recommendations. The purpose of this blog is to educate people about the financial industry and to share my opinion about the day to day happenings in the Indian and world economy. Contents described here are not a recommendation to buy or sell any stock or investment product. The Author does not have any vested interest in recommending or reviewing any Investment Product discussed in this Blog. Readers are requested to perform their own analysis and make investment decisions at their own personal judgement and the site or the author cannot be claimed liable for any losses incurred out of the same.