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list of some of the best dividend-paying stocks on the National Stock Exchange (NSE) - Vinod - 20-05-2024
Here is a list of some of the best dividend-paying stocks on the National Stock Exchange (NSE) in India, based on recent data:
1. **Coal India Ltd**: Known for its consistent high dividend yield.
2. **Oil and Natural Gas Corporation Ltd (ONGC)**: A state-owned oil and gas company with regular dividend payouts.
3. **Power Grid Corporation of India Ltd**: Offers a strong dividend yield with consistent returns.
4. **Tech Mahindra Ltd**: Provides a good dividend yield along with steady growth in IT services.
5. **ITC Ltd**: Noted for its diversified business model and high dividend payout ratio.
6. **HCL Technologies Ltd**: A leading IT services company offering attractive dividends.
7. **Tata Consultancy Services Ltd (TCS)**: Known for high dividend payouts and strong financial performance.
8. **Infosys Ltd**: Offers consistent dividends along with solid growth in the IT sector.
9. **Hero MotoCorp Ltd**: A major player in the two-wheeler segment with reliable dividend returns.
10. **SJVN Ltd**: A public sector undertaking with a high dividend yield and significant growth potential in power generation.
These companies are selected based on their dividend yield, payout consistency, and overall financial stability【157†source】【158†source】. Investing in these stocks can provide a steady source of passive income, but it is important to consider the company's financial health and future growth prospects before investing.