Best Dividend Stocks India - For Big Profits in 2024
Dividend stocks in India offer a unique opportunity for investors to benefit from one of the fastest-growing economies in the world while earning consistent income. India’s diverse market, which spans sectors like technology, pharmaceuticals, energy, and consumer goods, provides a wide range of companies committed to rewarding shareholders with regular dividends. With its growing middle class, strong domestic demand, and increasing global presence, India is an attractive destination for investors seeking both growth and stability. We’ll explore some of the best dividend stocks in India and why this dynamic market is worth considering for dividend-focused investors.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| Infosys | 2.50% | 70.72% | 29.61% | 8.87% | 0.32% | -5.23% | -6.25% |
| Halliburton | 2.37% | 23.36% | 9.92% | 2.45% | 0.26% | -2.33% | 2.00% |
| Abbott India | 1.43% | 0.00% | 47.39% | 17.29% | 0.38% | 96.10% | 23.91% |
| ACC | 0.33% | 0.00% | 18.92% | 2.58% | 0.14% | -9.22% | -11.10% |
| Akzo Nobel India | 4.04% | 0.00% | 37.56% | 11.46% | 0.32% | 24.19% | 0.80% |
| Ambuja Cements | 0.35% | 0.00% | 41.69% | 3.34% | 0.12% | 4.56% | -3.58% |
| Asian Paints | 1.35% | 0.00% | 50.49% | 12.80% | 0.25% | 24.29% | -3.47% |
| Bajaj Finserv | 0.06% | 0.00% | 31.48% | 3.92% | 0.11% | -1.78% | 0.65% |
| ITC | 2.93% | 0.00% | 28.63% | 7.81% | 0.28% | 11.18% | 5.24% |
| Maruti Suzuki India | 1.11% | 0.00% | 25.29% | 3.98% | 0.17% | 2.38% | 27.38% |
| HDFC Life Insurance | 0.32% | 0.00% | 80.48% | 8.73% | 0.11% | 0.00% | 0.00% |
| Hindustan Unilever | 1.42% | 0.00% | 54.68% | 11.06% | 0.20% | 13.75% | 13.28% |
| Tata Consultancy Services | 1.48% | 56.51% | 34.12% | 15.95% | 0.51% | 29.87% | 16.34% |
| Larsen & Toubro | 0.71% | 0.00% | 40.14% | 6.08% | 0.15% | -17.81% | -6.95% |
| Maruti Suzuki India | 1.11% | 0.00% | 25.29% | 3.98% | 0.17% | 2.38% | 27.38% |
| Hindustan Unilever | 1.42% | 0.00% | 54.68% | 11.06% | 0.20% | 13.75% | 13.28% |
| Infosys | 2.50% | 70.72% | 29.61% | 8.87% | 0.32% | -5.23% | -6.25% |
| Tata Consultancy Services | 1.48% | 56.51% | 34.12% | 15.95% | 0.51% | 29.87% | 16.34% |
| Larsen & Toubro | 0.71% | 0.00% | 40.14% | 6.08% | 0.15% | -17.81% | -6.95% |
| Hindalco Industries | 0.52% | 0.00% | 11.94% | 1.29% | 0.12% | 0.00% | 0.00% |
| Maruti Suzuki India | 1.11% | 0.00% | 25.29% | 3.98% | 0.17% | 2.38% | 27.38% |
| Jubilant FoodWorks | 0.18% | 0.00% | 114.44% | 20.59% | 0.18% | -13.65% | 0.00% |
| Divi's Laboratories | 0.50% | 0.00% | 86.32% | 11.54% | 0.14% | 24.57% | 7.18% |
| Medicamen Biotech | 0.17% | 0.00% | 109.34% | 3.53% | 0.03% | 0.00% | 0.00% |
| Meera Industries | 0.62% | 0.00% | 26.42% | 3.05% | 0.12% | 0.00% | 0.00% |