List of highest / best dividend paying stocks in India 2021

Best dividend paying stocks in India

Last Updated on 3 weeks ago by Raj Kumar

List of highest / best dividend paying stocks in India 2021

Let’s have a look at different aspects of when does a company pays dividends, which companies are paying dividends in India, and should you invest in a company just because it pays good dividends?

When does a company pay a dividend?

A company announces dividends after the company board approves. Generally, many companies pass on the profits of the company in terms of dividends to its shareholders if they feel it’s the

best use of the cash.

Although paying a dividend is good but some times it’s considered as the inability of the company to do CAPEX. As you can’t paint every stock with the same brush, dividend yardstick doesn’t hold true for most of the companies.

For example; most of the PSU companies in India are forced to pay dividends because Govt is the major stakeholder in the company and Govt wants to get money from the PSUs. So PSUs are most of the time the Best / highest dividend paying stocks in India but they are not always the best companies to invest in.

Also, some tech companies pay good dividends but that doesn’t mean that they are not looking for CAPEX. it’s just that their business model is different.

Consider reading – What is Penny stock? – List of penny stock in India

Best dividend paying stocks in India
Best / highest dividend paying stocks in India

Have a look at all famous investor’s portfolios here:-

Radhakishan Damani Portfolio

Porinju Veliyath portfolio

Vijay Kedia stocks portfolio

Nemish Shah stocks portfolio

Mohnish Pabrai Stocks Portfolio

Ashish Kacholia stocks portfolio

Full list of best / highest dividend paying stocks in India in April 2021

COMPANY / StockSECTOR – INDUSTRYPriceM CAP(Rs Cr.)DIVIDEND YIELD(%)
Weizmann LtdTextiles – Processing
/Texturising
44.357722.55
UFO MoviezFilm/TV Production 
& Distribution
73.720920.35
Manaksia LtdPackaging 
– Metallic/Plastics/Others
51.833920.27
Ibull Housing FinNBFC – Housing204.659,46215.15
IL&FS InvestBroking & Allied Services4.0512714.81
NLC India Power Generation – Thermal50.757,03713.91
Banco ProductsAuto Ancl – Engine Parts147.651,05613.55
Sanwaria Consumer Agro Processing – Others0.64412.5
DB Corp.Print Media91.51,60110.93
Global EducationCoaching/Study Material/
Schools
37.53810.67
MPS LtdPrint Media539.79749.26
Coal India LtdMining/Minerals132.1581,4409.08
Oil India LtdOil Drilling And Exploration12413,4478.55
SJVNPower Generation – Hydro26.110,2578.43
HPCLOil Refining & Marketing237.635,8878.42
Power Finance Corp.Term Lending – Power114.430,2038.3
RECTerm Lending – Power132.7526,2178.29
TV Today NetworkTV Broadcasting 
& Software Production
270.451,6148.23
SMC Global Securities Ltd.Others75.758577.92
PfizerPharma – MNC4,551.5020,8227.25
Sintex Inds.Textiles – General3.52087.14
Welspun CorpSteel – Tubes/Pipes147.33,8437.13
PTC IndiaPower – Trading & 
Allied Services
78.82,3336.98
HUDCONBFC – Housing45.19,0296.87
P&G HealthPharma – MNC6,169.3010,2416.78
IDFCTerm Lending – General47.77,6156.6
The Andhra Sugars Diversified304.058246.58
Engineers IndiaProject Consultancy/Turnkey78.44,4066.57
RitesProject Consultancy/Turnkey244.755,8816.54
PTL EnterprisesHolding – Diversified38.952586.42
Ucal Fuel SysAuto Ancl – Engine Parts146.43246.15
NHPCPower Generation – Hydro24.6524,7616.09
NIITIT Training Services165.452,3466.04
Hindustan ZincMetals – Non Ferrous – 
Copper/Zinc/Alloys – Products
280.25118,4155.89
PNB GiltsBroking & Allied Services51.29225.86
SKF IndiaAuto Ancl – Bearings2,220.6510,9785.85
Ambuja CementsCement – Pan India31161,7545.79
Tide Water OilLubricants4,389.951,5305.69
Balmer LawrieDiversified133.72,2865.61
OracleIT Consulting & Software 
– Mid Cap
3,209.1027,6115.61
Gujarat PipavavPort Operator99.954,8325.6
Energy Deve CoPower Generation – Hydro9435.56
Ircon Intl.Construction & Engineering89.94,2285.28
Orbit ExportsTextiles – Weaving571565.26
Sun TVTV Broadcasting & 
Software Production
478.3518,8515.23
Mazagon Dock ShipDefence Contractor214.74,3305.01
BPCLOil Refining & Marketing437.494,8834.95
Kewal Kiran CloRetail – Apparel/Accessories873.751,0774.92
ONGCOil Drilling And Exploration104.35131,2754.79
ITCCigarettes220.05270,7744.61
Menon BearingsAuto Ancl – Bearings54.353054.6
Power GridPower – Transmission218.7114,4154.57
SaskenTechIT Consulting & Software 
– Small Cap
875.31,3174.57
GAILGas Distribution140.1563,2104.57
Sanofi IndiaPharma – MNC7,994.3018,4114.57
Indian Oil Corp.Oil Refining & Marketing93.1587,6934.56
CARE Ratings Rating Agency430.61,2694.53
Alphageo  Oil Drilling And Exploration 
Services
179.351144.46
Castrol IndiaLubricants124.812,3444.41
Cochin ShipyardDefence Contractor378.454,9784.39
IRB Infra Dev.Infrastructure – Roads/Tolls113.84,0004.39
Pressman AdvertisinMedia – Others22.85544.38
Worth PeripheralsPackaging 
– Metallic/Plastics/Others
51.85824.34
Oricon EnterprDiversified18.82954.26
Vikas Proppant & GrMiscellaneous2.41244.17
Indus TowersTelecommunications 
– Allied Services
255.4568,8424.11
Manugraph IndiaEngineering – Others12.3374.07
Steel City SecuritieFinancial Services – Misc37.1564.04
Srikalahasthi PipesSteel – Tubes/Pipes174.058134.02
Ingersoll-RandEngineering – General697.92,2034.01
IIFL SecuritiesBroking & Allied Services50.451,5283.96
TN NewsprintPaper Manufacturer1541,0663.9
Sonata SoftwareIT Consulting & Software 
– Mid Cap
525.75,5283.85
Rail Vikas NigamConstruction & Contracting29.656,1823.84
Magadh Sugar EnergySugar104.051473.84
Esab IndiaWelding Consumables 
& Equipment
1,830.802,8183.82
NMDCMining/Minerals138.4540,5743.82
Timken IndiaCapital Goods – Railway1,311.509,8653.81
Gujarat IndPower Generation – Thermal76.21,1533.81
Selan Expl TechOil Drilling And Exploration131.52003.8
GRSEShipping – Allied Services190.552,1833.75
Mold Tek TechDiversified40.71143.69
Kuantum PapersPaper Manufacturer68.35963.66
Rashtriya ChemicalsFertilisers79.054,3613.59
Navneet Education Printing/Publishing/Stationery83.651,9153.59
MOILMining/Minerals1563,7023.53
Phillips CarbonCarbon Black198.73,4243.52
Compucom SoftIT Training Services8.8703.41
Guj Mineral Dev.Mining/Minerals58.951,8753.39
Sicagen IndiaTrading15.05603.32
CESCPower – Integrated605.558,0273.3
Gandhi SpecialSteel – Tubes/Pipes274.553553.28
GPT InfraprojConstruction & Contracting38.21113.27
Advani HotelsHotels & Resorts58.62713.24
Control PrintComputers 
– Accessories/Peripherals
247.254043.24
Dhampur SugarSugar185.61,2323.23
HALDefence Contractor1,035.6534,6313.21
Bajaj AutoAuto – 2 & 3 Wheelers3,743.05108,3123.21
Jayant Agro OrgChemicals – Others136.754103.2
Visaka IndCement Products472.757793.17
Full list of best / highest dividend paying stocks in India

Although it’s good to keep an eye on stocks paying high dividends but it’s always not necessary that the best dividend paying stocks are the best stocks to invest.

You have to be very careful in selecting a stock to invest in. You shouldn’t pick a stock just because it has given excellent dividends in the past.

Most of the stocks from the above list have given great dividends in the past but have failed to generate any shareholder returns.

Like the post? why not share it with your friends! Also, consider reading – Blue chip stocks india and   Zero debt companies in India

For all latest information on dividend announcement, you can check the NSE website

Is it good to invest in high dividend stocks?

Best dividend paying stocks are not always the best stocks to invest in. India, PSU stocks pay huge dividends but the returns of the shares of the PSU companies are not the best.

So Best dividend paying stocks are not always the best stock to invest in

What are the top 5 best dividend paying stocks in India?

Some of the companies which are highest dividend paying stocks in India 2021:-

Vedanta
NLC India
Oil India
NIIT
Cochin Shipyard

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