50 High Dividend Yield Stocks in India

Indian Equity Market • 2026

50 High Dividend Yield Stocks in India

A practical dividend-stock screen covering share price, dividend yield, dividend quality, business category and risk.

Important: Dividend yield should not be used alone to select a stock. A very high yield can sometimes result from a falling share price or a one-time/special dividend. Always check earnings, payout ratio, debt, cash flow and dividend consistency before investing.

Stocks Screened

50+

Highest Yield in Source List

17%+

Core Dividend Zone

4–7%

Data Reference

2026

All Dividend Yields Yield ≥ 8% Yield 4%–8% Yield below 4% All Categories Dividend Core Quality + Growth Higher Risk Special Dividend Watch

Rank	Company	Price ₹	Dividend ₹/Share	Yield %	Category	Quality	Risk	Score
1	Vedanta Ltd.	₹264.65	₹34.00*	12.85%	Higher Risk	High Income	High	82
2	Cybertech Systems & Software	₹138.85	Verify latest payout	17.28%	Higher Risk	Small Cap	High	67
3	Jagran Prakashan	₹62.31	Verify latest payout	16.05%	Higher Risk	Small Cap	High	65
4	Kotyark Industries	₹31.97	Verify latest payout	15.64%	Higher Risk	Small Cap	High	64
5	IL&FS Investment Managers	₹8.27	Verify latest payout	14.51%	Higher Risk	Small Cap	Very High	55
6	Majestic Auto	₹429.15	Verify latest payout	13.98%	Higher Risk	Small Cap	High	62
7	Premco Global	₹368.15	Verify latest payout	11.95%	Higher Risk	Small Cap	High	61
8	Indo Borax & Chemicals	₹406.60	Verify latest payout	9.84%	Higher Risk	Small Cap	High	63
9	Accelya Solutions India	₹1,160.40	Verify latest payout	7.76%	Special Watch	Dividend Event	Medium	68
10	GOCL Corporation	₹395.95	Verify latest payout	7.58%	Special Watch	Dividend Event	Medium	69
11	D-Link India	₹447.65	Verify recurring payout	7.48%	Special Watch	Dividend Event	Medium	70
12	Gujarat Pipavav Port	₹148.31	Verify latest payout	7.01%	Quality + Growth	Good	Medium	78
13	JSW Dulux	₹2,944.00	Verify recurring payout	7.00%	Special Watch	Dividend Event	Medium	67
14	Alldigi Tech	₹872.05	Verify recurring payout	6.88%	Special Watch	Good	Medium	71
15	Radiant Cash Management	₹36.64	Verify latest payout	6.82%	Quality + Growth	Good	Medium	72
16	PTL Enterprises	₹39.42	Verify latest payout	6.34%	Higher Risk	Moderate	High	64
17	Coal India	₹427.50	₹26.50+	6.20%	Dividend Core	Strong	Medium	90
18	Wipro	₹178.53	₹5.50+	6.16%	Dividend Core	Strong	Low	88
19	Hindustan Petroleum	₹393.95	₹24.25+	6.16%	Dividend Core	Strong	Medium	87
20	Balmer Lawrie Investments	₹69.97	Verify latest payout	6.15%	Dividend Core	Good	Medium	76
21	PTC India	₹170.51	Verify latest payout	6.11%	Dividend Core	Good	Medium	80
22	Castrol India	₹183.82	Verify latest payout	5.84%	Quality + Growth	Strong	Low	86
23	BPCL	₹309.60	Verify latest payout	5.65%	Dividend Core	Strong	Medium	84
24	ITC	₹276.65	₹14.00+	5.24%	Dividend Core	Very Strong	Low	94
25	REC Ltd.	₹351.70	₹18.00+	5.12%	Dividend Core	Strong	Medium	88
26	Indian Oil Corporation	₹140.24	Verify latest payout	4.99%	Dividend Core	Strong	Medium	84
27	ONGC	₹247.18	Verify latest payout	4.96%	Dividend Core	Strong	Medium	87
28	Power Finance Corporation	₹404.85	Verify latest payout	4.58%	Dividend Core	Good	Medium	86
29	HCL Technologies	₹1,168.00	₹39.00+	4.62%	Quality + Growth	Very Strong	Low	92
30	Nirlon	₹620.00	Verify latest payout	4.19%	Quality + Growth	Good	Medium	77
31	NMDC	₹83.22	Verify latest payout	3.97%	Dividend Core	Strong	Medium	85
32	Power Grid Corporation	₹280.75	₹9.00+	3.21%	Dividend Core	Strong	Low/Medium	89
33	Bank of India	₹141.87	Verify latest payout	3.28%	Dividend Core	Good	Medium	75
34	NTPC	Market-linked	Verify latest payout	~3%	Dividend Core	Strong	Medium	88
35	GAIL India	Market-linked	Verify latest payout	~3%	Dividend Core	Strong	Medium	85
36	RITES	Market-linked	Verify latest payout	~3%	Dividend Core	Good	Low/Medium	82
37	Hindustan Zinc	₹518.35	Verify latest payout	2.12%*	Cyclical	Very Strong	Medium	84
38	Hero MotoCorp	Market-linked	Verify latest payout	~2.5%	Quality + Growth	Strong	Low	86
39	HDFC AMC	Market-linked	Verify latest payout	~2.5%	Quality + Growth	Very Strong	Low	90
40	Maruti Suzuki	Market-linked	Verify latest payout	~2%	Quality + Growth	Strong	Low	88
41	Larsen & Toubro	Market-linked	Verify latest payout	~1–2%	Quality + Growth	Strong	Medium	86
42	Tata Power	Market-linked	Verify latest payout	~1%	Quality + Growth	Good	Medium	78
43	Bajaj Finance	Market-linked	Verify latest payout	~1–2%	Quality + Growth	Very Strong	Medium	89
44	Wipro	₹178.53	₹5.50+	6.16%	Dividend Core	Strong	Low	88
45	Canara Bank	Market-linked	Verify latest payout	Check current yield	Dividend Core	Good	Medium	78
46	Union Bank of India	Market-linked	Verify latest payout	~2–3%	Dividend Core	Good	Medium	77
47	Indian Bank	Market-linked	Verify latest payout	~2%	Dividend Core	Good	Medium	78
48	Bank of Baroda	Market-linked	Verify latest payout	~2–3%	Dividend Core	Good	Medium	79
49	MSTC	Market-linked	Verify latest payout	High historical yield	Dividend Core	Good	Medium/High	74
50	Oil India	Market-linked	Verify latest payout	~4–5%	Dividend Core	Strong	Medium	86

How Dividend Yield Is Calculated

Dividend yield measures the annual dividend received relative to the current market price of the share.

Dividend Yield (%) = Annual Dividend Per Share ÷ Current Share Price × 100

Example: if a company pays ₹20 annual dividend and its share trades at ₹400, the dividend yield is 5%.

How to Read This List

Dividend Core

• Established businesses
• Long dividend history
• Better suited for income
• Generally lower business risk

Quality + Growth

• Dividend plus earnings growth
• Potential capital appreciation
• Usually lower yield
• Better long-term balance

Higher Risk

• Very high headline yield
• Smaller companies or cyclicals
• Dividend may fluctuate
• Needs deeper research

Top Dividend Core Candidates

Based on the combination of dividend yield, business scale, profitability and dividend history, the stronger names for further research include:

ITC • Coal India • HCL Technologies • Power Grid • REC • Power Finance Corporation • ONGC • HPCL • BPCL • Wipro • NTPC • IOC • GAIL • NMDC • Oil India

Important Dividend Trap Warning

A 10%, 15% or even 20% dividend yield does not automatically make a stock attractive. If the share price has fallen sharply, the yield can rise even though the company's underlying business is deteriorating.

Before buying a high-yield stock, check: dividend payout ratio, free cash flow, debt, ROCE, profit growth, historical dividend consistency, promoter holding and whether the latest dividend was ordinary or special.

Disclaimer: This page is for educational and research purposes only and is not investment advice. Share prices and dividend yields change daily. Dividend amounts marked "Verify latest payout" should be checked against the company's latest exchange filing or annual report before making an investment decision. Historical dividend payments do not guarantee future dividends.

Data reference: market data available in July/August 2026. Always verify the latest price and corporate actions before investing.