Dividends are one of the top sources of extra income from the stock market. As of now, dozens of stocks pay very high dividends to their investors from time to time. So, investing those stocks that are good for the growth prospective and dividends too then you can earn extra monthly very easily. Below are the high dividends paying stocks in India with some data to analyze the stock
There is a dark side to investing in stocks that pay very high dividends to investors. And the dark side is most of these types of stocks do not give good returns in the stock market. So, it can be very tough for anyone who is investing money but not getting good returns.
But there is one way that can help you to make money from the dividends as well as make returns from the stock market by investing in good stocks. i.e. If you know how to analyze a stock using technical analysis then you can buy those stocks that are near to give returns and bullish too. Once you receive the dividends then sell the stock. As you invested in the stock when the stock was bullish then there is less chance of any loss.
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What is a Dividend?
The dividend is nothing but it is a part of the profit that the compnay made in a quarter. It is on whether the compnay gives dividends or not to their investors it means companies are not forced to pay dividends to their investors even when they are making huge profits.
Each company announces the dividend usually after its quarterly profit. So, you can buy those stocks before the ex-dividend date and sell the stocks when you received the dividends in your account.
Hope you noticed that many companies say their are giving 100% dividends, 150% dividends, etc. but it is not the correct way to calculate the dividend of any comonay. The correct way to know the actual dividend is Dividend Yield. Below we listed shares based on the dividend yield.
What is Dividend Yield?
As we mentioned above Dividend Yield is a good metric to know how much a stock pays dividends to the investors each year. Below is the formula to get the dividend yield of any stock.
Dividend Yield = Annual Dividends per share/Current share price
Benefits of Dividends
Dividend Income is a type of passive income, we all know passive income helps a lot in our regular lives. Some people invest some money in high-paying dividend stocks to earn some money to manage their expenses or other things.
- One more source of Income
- Extra Income on Your Investments
- Consistent regular income
- Reduce overall portfolio risk
Should You Invest All Money in Dividend Stocks?
You should not invest your all money in dividend stocks because of some dividend stocks. can be fundamentally weak as a result, it can cause high loss. You always should invest only in those dividend stocks which are the fundamentally strong and good team behind the company and also check fundamentals before investing.
High Dividend Paying Stocks
As we know, thinking that only investing in the high dividend yield stock can help you to make more money as you’ll get high dividends and returns too. If you are also thinking that, then you are on the wrong path. Because there are very few stocks that give good returns as well as high dividends too.
So, we strongly suggest you do not invest in any stocks based on the high dividend yield. You should also check how the stock and its sector have been performing over the last few months.
As we mentioned above, you are not forced to hold the stocks for a time to get dividends. You can buy the stocks before the dividend date and sell them once you receive the dividend. In these conditions, you should avoid buying those stocks that are bearish or in downtrends.
1. Styrenix
| ROCE | 29.95% |
| Payout Ratio | 99.96% |
| Dividend Yield | 6.38% |
| Sales (Current Quarter) | ₹484.68 Crore |
| YOY Quarterly Sales Growth | -13.01% |
| Net Profit (This Quarter) | ₹34.94 |
| YOY Quarterly Profit Growth | |
| Profit Growth 3 Years |
Frog Cellsat
Frog Cellsat Ltd is an RF equipment manufacturer they manufacture a lot of products like Interference Mitigation, RF cables, GPS products, Line amplifiers, Defence products, and a lot of products. Currently, the stock is trading at around rs. 165.
Dividend History
| Year | Dividend % |
|---|---|
| March 2022 | 10,000 |
| March 2021 | 0.00 |
Vedanta
The main business of Vedanta Ltd is mining Zink, Alumunium, Lead, Silver, Oil, Gas, Iron ore, Steel, Copper, Power, and much more. The company is doing very well in its sectors and its complete business information can be found on its website. Currently, the stock is trading at around rs. 278. Check the updated price on your stock broker.
Dividend History
| Year | Dividend % |
|---|---|
| March 2022 | 4500 |
| March 2021 | 950 |
| March 2020 | 390 |
| March 2019 | 1885 |
| March 2018 | 2120 |
IOC
IOC (Indian Oil Corporation) ownership is under the Ministry of petroleum and natural gas. The stock has given an approx 549% return since 1 Jan 1999. But in the last 5 years, the stock is down by almost 50%. The Last 6-month return is around 8%. Currently, the stock is trading at Rs. 77.
Dividend History
| Year | Dividend % |
|---|---|
| March 2022 | 114 |
| March 2021 | 120 |
| March 2020 | 42.50 |
| March 2019 | 92.50 |
| March 2018 | 210 |
SAIL
Steel Authority of India Ltd. (SAIL) is a well-known company/stock. This company ownership is under the government. The stock is down by -14% in the last year but given the good returns almost 1,320% since 1999. The current price of the stock is Rs. 85.
Dividend History
| Year | Dividend % |
|---|---|
| March 2022 | 87.50 |
| March 2021 | 28.00 |
| March 2020 | 0.00 |
| March 2019 | 5.00 |
| March 2018 | 0.00 |
Hinduja Global
Hinduja Global has also given good returns in the past time but returns are not enough. Currently, the stock is trading at Rs. 1300. The dividend history of the stock is given below.
Dividend History
| Year | Dividend % |
|---|---|
| March 2022 | 2,200 |
| March 2021 | 400 |
| March 2020 | 200 |
| March 2019 | 100 |
| March 2018 | 100 |
FAQs
The dividend depends upon the company’s earnings and profits and the board of members. Each company’s dividend changes from time to time because it depends on the company’s profit. Above we shared some stocks that give high dividends to their investors.
There are no such stocks that give monthly dividends. All the companies give dividends after their quarterly result but it depends on the company that they will give dividends on not.
The stocks pay the highest dividends as well as good returns in upcoming years are mentioned above. Do your own research before investing in them.
Last Words: Above we shared some stocks that pay high dividends to their investors and we think they can also give good returns in upcoming years. You should not always focus only on dividends, you should also focus on company fundaments to get good returns from stocks too.