Highest Dividend Paying Stocks In India 2023

1. Coal India:

Coal India Limited (CIL) is a state-owned mining corporation, headquartered in Kolkata, India. Established in 1975, it is the world’s largest coal producer, playing a vital role in India’s energy sector. With extensive reserves across states like Jharkhand and West Bengal, CIL operates both open-cast and underground mines, meeting a significant portion of India’s coal demand. It also produces various coal-based by-products. While facing environmental challenges, CIL emphasizes responsible mining and has a strong corporate social responsibility program. Its contributions extend beyond the economy, impacting local communities through infrastructure, healthcare, and educational initiatives, solidifying its status as a crucial national asset.

Total dividend (%): 92.5%

Total Dividend Amount: Rs. 9.25 /share

• If you have 100 shares you get Rs.925 as dividend
• If you have 1000 shares you get Rs.9,250 as dividend

2.REC Ltd:

REC Limited, formerly known as Rural Electrification Corporation Limited, is a leading financial institution in India’s power sector. Headquartered in New Delhi, it was established in 1969. REC provides financial assistance and expertise for the development and modernization of the power infrastructure across the country. It offers a range of financial products and services, including loans, grants, and consultancy services, to power utilities, state governments, and private sector entities. REC plays a pivotal role in electrification projects, renewable energy ventures, and transmission and distribution networks, contributing significantly to India’s energy security and sustainable development goals.

Total dividend (%): 106%

Total Dividend Amount: Rs.10.6 /share

• If you have 100 shares you get Rs.1,060 as dividend
• If you have 1000 shares you get Rs.10,600 as dividend

 3.Oil India Ltd:

Oil India Limited (OIL) is a prominent public sector undertaking in the Indian oil and gas industry, headquartered in Duliajan, Assam. Established in 1959, it is a vital player in the exploration, production, and transportation of crude oil and natural gas. OIL operates numerous oil fields and exploration projects across India, contributing significantly to the country’s energy requirements. It also has international operations in countries like Venezuela, Russia, and the USA. Committed to sustainable practices, OIL emphasizes environmental protection and community development in the areas it operates. The company plays a crucial role in India’s energy landscape, ensuring energy security and economic growth.

Total dividend (%): 155%

Total Dividend Amount: Rs.15.5/share

• If you have 100 shares you get Rs.1,550 as dividend
• If you have 1000 shares you get Rs.15,500 as dividend

4.Infosys Ltd:

Infosys Ltd is a multinational information technology services and consulting company headquartered in Bangalore, India. Established in 1981, it is one of India’s largest IT firms, providing a wide array of services including software development, maintenance, and consulting. Infosys has a global presence, with offices and development centers in over 40 countries. Renowned for its emphasis on innovation, quality, and client satisfaction, Infosys serves a diverse clientele across various industries. The company is a pioneer in adopting cutting-edge technologies like artificial intelligence, block chain, and cloud computing. It is a key player in India’s IT sector and a significant contributor to the country’s economy.

Total dividend (%): 350%

Total Dividend Amount: Rs.17.5/share

• If you have 100 shares you get Rs.1,750 as dividend
• If you have 1000 shares you get Rs.17,500 as dividend

 5.Steel Authority of India Ltd:

Steel Authority of India Limited (SAIL) is a leading state-owned steel-making company headquartered in New Delhi, India. Established in 1973, it is one of the largest steel producers in India, playing a pivotal role in the country’s industrial and infrastructural development. SAIL operates integrated steel plants in various states, including West Bengal, Jharkhand, and Chhattisgarh, with a combined production capacity of millions of metric tons per annum. The company produces a wide range of high-quality steel products used in construction, engineering, automotive, and other industries.

 Total dividend (%): 15%

Total Dividend Amount: Rs.1.50/share

• If you have 100 shares you get Rs.150 as dividend
• If you have 1000 shares you get Rs.1,500 as dividend

6. HCL Technologies:

HCL Technologies is a global multinational IT services and consulting company based in Noida, India. Founded in 1976, it has grown into one of India’s largest and most respected technology firms. HCL offers a wide range of services, including software development, infrastructure management, cyber security, and digital transformation solutions, catering to clients across various industries worldwide. Renowned for its customer-centric approach, HCL emphasizes innovation and value-driven partnerships. The company has a strong global presence, with offices and delivery centers in over 40 countries. It plays a crucial role in shaping digital solutions and technology-driven business strategies, contributing significantly to the IT sector’s growth in India and abroad.

Total dividend (%): 1400%

Total Dividend Amount: Rs.28/share

• If you have 100 shares you get Rs.2,800 as dividend
• If you have 1000 shares you get Rs.28,000 as dividend

7.Britannia Industries:

Britannia Industries is a renowned Indian food products corporation headquartered in Kolkata, West Bengal. Established in 1892, it is one of the oldest and most trusted names in the country’s food industry. Britannia specializes in a diverse range of products including biscuits, bread, cakes, dairy products, and more. With a strong emphasis on quality and innovation, Britannia has earned the loyalty of millions of consumers. The company’s products are widely distributed across India and in over 60 countries. Britannia’s commitment to excellence and its rich heritage have solidified its position as a leading player in the Indian food industry, setting high standards for quality and taste.

Total dividend (%): 7200%

Total Dividend Amount: Rs.72/share

• If you have 100 shares you get Rs.7,200 as dividend
• If you have 1000 shares you get Rs.72,000 as dividend

 8.Castrol India Ltd:

Castrol India Ltd is a prominent subsidiary of the British multinational oil and gas company, BP. Based in Mumbai, India, it is a leading manufacturer and marketer of high-quality lubricants for automotive, industrial, and marine applications. Established in 1919, Castrol has a rich history in India and is known for its advanced lubrication technology and innovative product range. The company serves a wide spectrum of industries, including automotive, agriculture, construction, and manufacturing. With a strong emphasis on performance, reliability, and sustainability, Castrol India continues to be a trusted partner for businesses and consumers alike, contributing significantly to India’s industrial and automotive sectors.

Total dividend (%): 130%

Total Dividend Amount: Rs.6.50/share

• If you have 100 shares you get Rs.650 as dividend
• If you have 1000 shares you get Rs.6,500 as dividend

9.Nestle India Ltd:

Nestlé India Ltd, a subsidiary of the global food and beverage giant Nestlé, is a prominent player in India’s food industry. Established in 1959, Nestlé India is renowned for its diverse portfolio of products, including popular brands like Maggi, Nescafé, KitKat, and more. The company specializes in producing and marketing a wide range of food and beverage products, including instant noodles, coffee, chocolates, dairy products, and infant nutrition. Nestlé India prioritizes quality, nutrition, and sustainability, aiming to meet the evolving tastes and preferences of Indian consumers while adhering to high standards of food safety and corporate responsibility.

 Total dividend (%): 1020%

Total Dividend Amount: Rs.102/share

• If you have 100 shares you get Rs.10,200 as dividend
• If you have 1000 shares you get Rs.1,02,000 as dividend

10.Power Finance Corporation Ltd:

Power Finance Corporation Limited (PFC) is a leading financial institution in India specializing in providing funding and financial solutions for the power sector. Established in 1986, PFC plays a pivotal role in the development and growth of the Indian power industry. The corporation offers a wide range of financial services, including project financing, loans, and consultancy services, to power generation, transmission, and distribution projects. PFC is a critical contributor to the government’s initiatives in achieving energy security, renewable energy integration, and infrastructure development. It operates with a commitment to sustainability and supporting India’s energy needs for a brighter future.

Total dividend (%): 150%

Total Dividend Amount: Rs.8/share

• If you have 100 shares you get Rs.800 as dividend
• If you have 1000 shares you get Rs.8,000 as dividend

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