Do you know what highest dividend paying stocks indicate? Highest Dividend Paying Stocks indicate a strong financial stability of a company. Dividends what we earn on holding stocks can be additional source of income of ours or a very stable passive income source.
It is one of the best ways to enhance your stock portfolio is to invest in the highest dividend-paying stocks. But how to find the stocks with the pay highest dividend? Here is the list of the 30 best highest dividend paying stocks in India as of a whole year.
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Table of Contents
30 Best Highest Dividend Paying Stocks in India
| Name | Market Cap (Cr) | Dividend Yield(%) | 5Y Avg Return on investment | 52 Weeks High & Low | |
| 3M India | 26, 179 | Read | 49.97% | Rs. 26001.18 Rs. 16,669.21 | |
| Polyplex Corporation | 5, 602 | 2.30 | 228.49% | Rs. 2815.56 Rs. 1628.61 | |
| Coal India | 1, 41, 650 | 10.01 | -17.9% | Rs. 263.40 Rs. 139.15 | |
| Indian Oil Corporation | 1, 07, 604 | 11.02 | -42.24% | Rs. 90. 70 Rs. 65.20 | |
| Hindustan Zinc | 1, 27, 224 | 12. 12 | -0. 66% | Rs. 371.70 Rs. 242.05 | |
| REC Limited | 29, 031 | 11. 88% | -8% | Rs. 113. 80 Rs. 82. 24 | |
| Power Finance | 35, 536 | 9. 29% | 8. 27% | Rs. 139. 15 Rs. 97. 10 | |
| Hindustan Petroleum | 33, 832 | 5. 87% | -43.10% | Rs. 332. 20 Rs. 200. 05 | |
| PTC India | 2621 | 8.47% | -26.57% | Rs. 116. 40 Rs. 67.50 | |
| Bharat petroleum | 73, 917 | 4. 70% | -33. 12% | Rs. 406. 90 Rs. 288.05 | |
| NMDC Limited | 34, 303 | 12. 59% | -7. 39% | Rs. 123. 72 Rs. 70. 27 | |
| ONGC | 1, 75, 621 | 8.42% | -22 29% | Rs. 194. 95 Rs. 119. 85 | |
| Hinduja Global | 5, 164 | 3. 97% | 236. 31% | Rs. 1867. 21 Rs. 846. 00 | |
| SAIL | 33, 912 | 10. 66% | 3. 36% | Rs. 123. 45 Rs. 63. 60 | |
| Majestic Auto | 136 | 5. 74% | -7. 96% | Rs. 165. 00 Rs. 110. 05 | |
| NHPC Ltd | 43, 947 | 4. 14% | 51. 96% | Rs. 46. 90 Rs. 27. 05 | |
| CESC | 9, 929 | 5. 82% | -26. 16% | Rs. 94. 50 Rs. 68. 00 | |
| Power Grid | 1, 54, 367 | 5.76% | 40. 27% | Rs. 248. 35 Rs. 186. 35 | |
| ITC | 4, 22 , 013 | 3. 38% | 33. 31% | Rs. 361. 45 Rs. 207. 00 | |
| Indian Railway Finance | 43, 845 | 4. 26% | 40. 36% | Rs. 36. 60 Rs. 19. 30 | |
| Rail Vikash Nigam | 16, 701 | 2. 28% | 316. 32% | Rs. 84. 10 Rs. 29.00 | |
| Rastriya Chemical | 6, 802 | 2. 54% | 27. 69% | Rs. 128. 40 Rs. 66. 00 | |
| Oracle Financial | 26, 718 | 6. 14% | -16.41% | Rs. 4400. 00 Rs. 2883. 25 | |
| Cochin Shipyard Ltd | 8, 620 | 2. 71% | 12. 31% | Rs. 684. 40 Rs. 280. 75 | |
| Mawana Sugar Ltd | 334 | 3.52% | -13. 31% | Rs. 179. 70 Rs. 69. 30 | |
| Geojit Finance Ltd | 1, 127 | 6. 36% | -61.395 | Rs. 87. 40 Rs. 43. 35 | |
| Geeky Wires | 79 | 3.31% | 110.81% | Rs. 103.95 Rs. 54.70 | |
| GAIL | 60, 984 | 3.59% | -1901% | Rs. 115.67 Rs. 83 | |
| NTPC | 1, 65, 231 | 4.11% | 11.48% | Rs. 182.95 Rs. 119.10 | |
| Milk Food | 287 | — | 165.43% | Rs. 663.00 Rs. 286.00 |
3 Highest Dividend Paying Stocks (% wise)
#1 3M Highest Dividend Paying Stocks in India
About the company:
- Sector: Industrial Conglomer
- Founded in- 1987
- Share Holding Pattern
- Promoters’ holding: 75.00% (Very Good)
- Retail: 14.02%
- Mutual Fund: 5.59%
- Foreign Institution: 4.26%
- Other Domestic Institutions: 1.13%
3MIndia is one of the highest dividend paying stocks in India. In November 2022, declared an 8500% dividend (Rs. 850/share).
#2 Polyplex Corporation-Highest Dividend Paying stocks in India
About the company:
- Sector: Chemicals
- Founded in- 1984
- Share holding Pattern
- Promoters’ holding: 50.97%
- Retailers’ holding: 32.07%
- Foreign Institution’s holding: 14.81%
- Mutual Funds companies’ holding: 2. 14%
- Other Domestic Institutions: 0.01%
Polyplex Corporation is one of the highest dividend paying stocks in India. In 2022, Polyplex Corporation declared dividends 4 times
- 350% interim dividend in February, 2022
- 210% interim dividend in September, 2022
- 200% interim dividend in November, 2022
- 350% dividend in November, 2022
#3 Hindustan Zinc-Highest dividend paying stocks
About the company:
- Sector: Metal & mining
- Founded in- 1966
- Share Holding Pattern:
- Promoters’ holding- 64.92%(Very Good)
- Retailers’ holding- 31.32%
- Other Domestic Institutions’ holding- 2.85%
- Foreign Institutions’ holdings- 0.81%
- Mutual Funds company holdings- 0.10%
Hindustan Zinc is also one of the highest dividend paying stocks in India. Many veteran investors invest their money in this company.
#4 Coal India-Highest Dividend Paying Stock
About the company:
- Sector: Oil, Gas and Fuels
- Founded in 1973
- Share Holding Pattern
- Promoters’ holding: 66.13% (Very Good)
- Other Domestic Institutions’ holding- 12.43%
- Mutual Funds companies holdings- 9.76%
- Foreign Institutions- 6.73%
- Retail- 4.95%
Coal India shares are one of the highest dividend-paying stocks. 1-year of growth is awesome. It returns +43.72% to investors. In 2022, this company gave 3 times dividend in February (50% dividend), in August (30% dividend), and in November (150% dividend)
#5 Indian Oil Corporation
About the company:
- Sector: Oil, Gas and Fuels
- Founded in 1959
- Share holding pattern
- Promoters’ holding- 51. 50%(Good sign because 50%+ shares are still in the holdings of promoters)
- Retails- 30.21%
- Other Domestic Institutions- 8.98%
- Foreign Institutions-7.22%
- Mutual Funds- 2.09%
Although IOCL is one of the highest dividend-paying stocks in India, it is not a growth stock. 1 year and 5 years returns are not good.
#6 ITC dividend paying stock-best dividend stocks to buy and hold
About the company:
- Sector: Tobacco
- Founded in 1910
- Share Holding Pattern
- Promoters’ holdings-0.00%
- Retails-48.31%
- Other domestic Institutions- 28.63%
- Foreign Institutions-13.47%
- Mutual Funds- 9.59%
This is one of the favorite stocks to dividend lovers. In 2022, ITC Ltd gave 2 times dividend 1) 525% in February 2) 625% in May.
#7 Bharat Petroleum-dividend stocks
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About the company:
- Sector: Oil, Gas and Fuels
- Founded in 1952
- Share Holding Pattern
- 52.98% of share is in Promoters’ holding
- Retails- 14.24%
- Foreign Institutions- 12.96%
- Other domestic Institutions- 10.98%
- Mutual Funds- 8.84%
Bharat Petroleum is one of the best dividend stocks for all time. Experts advise to Buy and hold if you’re a dividend lover. This stock is not a growth stock because 1 as well as 5 years’ returns are negative.
#8 NTPC-best dividend stocks to buy and hold
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About the company:
- Sector: Energy
- Founded in 1975
- Share Holding Pattern (best long-term dividend stocks)
- Promoters’ holding-51.10%
- Foreign Institution-14.95%
- Mutual Funds-18.34%
- Other Domestic Institution-11. 85%
- Retails- 3.76%
NTPC is one of the best long-term dividend stocks in India. It is a high-growth stock too. 1-year returns are 34. 82% and 5 years returns are 14. 23%. In 2022, NTPC gave 2 times dividends 1) In February (40%) 2) In August (30%)
For Retail investors especially for those who want to make a profit and earn dividends with less investment, this stock is highly recommended.
#9 GAIL India Limited
This stock performance for last 1 year is better than FD in any banks.
About the company:
- Sector: Gas Utilities
- 1 Year growth: 8.18%
- Experts Rating suggests to buy this stock
- Share Holding Pattern
- 51. 90% of shares are in company Promoters’ holdings. It is a good sign
- Foreign Institutions share holding is 19. 79%
- Retail Investors’ share holding; 14. 38%
- Other Domestic Institutions’ share holding: 7. 12%
- Mutual Funds AMC’s shareholding- 6.18%
This Indian one of the best dividend stocks of all time frequently announces bonus issues. In September 2022 company gave 1 bonus share for every 2 existing shares held.
GAIL India Ltd. declares usually 2 times the dividends in a year. In 2022 1) In march (50%) 2) In August (10%).
GAIL India Limited is considered one of the best long-term dividend stocks in India.
# 10 SAIL (Steel Authority of India)
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This is a long term growth stock. Its 5 year return to its investors is 8. 40%
About the company:
- Sector: Metals and Mining
- According to experts’ ratings, SAIL is one of the best dividend stocks to buy and hold
- Share Holding Pattern
- The company is a very good performer because 65% shares are in holdings of its promoters
- Retail Investors are holding 21. 31% shares
- Other Domestic Investors’ holding: 6. 19%
- Foreign Institutions’ holding- 4. 31%
- Mutual Funds companies’ holding 3.19%
In 2021, SAIL declared 3 times dividends of up to 40%. In 2022, SAIL declared 2 times interim dividends in March and July.
#11 Power Grid Corporation of India
It is a high-growth and 1 of the best long-term dividend stocks
About the company:
- Sector: Electric Utilities
- According to experts’ ratings, it is one of the best dividend stocks to buy and hold
- Share holding Pattern
- 51. 34% shares are in Promoters’ holding
- 31. 68% shares are in Foreign Institutions’ holdings
- 8. 31% under Mutual Funds AMC
- 4. 93% under other domestic institutions
- And 3. 74% shares are under Retail investors
Power Grid Corporation is one of the high-growth and highest dividend stocks in India. last 1 year’s returns are 7. 85% which is better than FD in banks and 43. 67% returns for last 5 years.
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One Bonus Highest Dividend Paying Stock in India
This is one of the best dividend stocks of all time, the highest dividend yield stocks in 2022, and the best dividend stock to buy and hold.
But it’s not a high-growth stock.
About the company:
- Sector: Metals and mining
- Name: Vedanta
- 1 year growth: -10. 26%
- 5 years growth: 3. 78%
- Share Holding Pattern
- Promoters holding: 69. 69%
- retail category investors’ holding: 11. 87%
- other Domestic Institutions’ holding: 9.53%
- Foreign Institutions holding: 8. 09%
- Mutual Funds AMC’s holdings: 0.82%
According to experts’ analysis, this stock is to buy and hold if you’re a dividend lover.
Dividend:
- In 2022
- 1300% in March
- 315055 in May
- 1950% in July
- 1750% in November
- In 2021
- 1850% in September
- 1350% in December
- In 2022
- 950% Dividend in October
Final Lines:
We have discussed the 30 highest dividend stocks in India in 2022. These are the stocks that are favorites for their dividend allocation. All stocks are well analyzed by the experts.
Still, stock market investment is subject to market risk. So, before investing in any stocks, it is advised to consult with your financial advisors.
Dividend stocks are very lucrative investment options for many investors. But before buying any dividend paying stocks, one thing should be kept in mind that such stocks usually are not high growth stocks.
Whenever this company declares dividends, thousands of dividend lovers rush to buy these stocks which are why that time there is a rise in the price. But, after Ex-dividend date, share price starts to fall.
It should also be remembered that income tax (TDS, Capital gain tax, Etc.) applies to dividends.
All the best.
I am a personal finance, stock market update, etc.-related blog post writer. Besides, I am a stock market trader. I invest in IPOs, stocks, Etc. I publish valuable posts and information here.
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