Unlock Wealth: Top 5 high Dividend Paying Stocks in India for 2024

 Discover the top dividend-paying companies in the Indian stock market for 2024, providing investors with a reliable income stream. These companies boast a consistent track record of dividend payments, making them attractive options for income-focused investors.

The top 5 high dividend-paying companies listed in the Indian stock market for 2024 are:

1. Indian Oil
2. Vedanta Ltd
3. Hindustan Zinc Ltd
4. Bharti Airtel Ltd
5. Coal India

These companies have a track record of consistent dividend payments and are considered to be among the highest dividend-paying stocks in India for 2024.

What Dividend History of Indian oil?

Indian Oil Corporation (IOC) has a consistent dividend payment track record. For the year ending March 2023, it declared an equity dividend of 30.00%, amounting to Rs 3 per share. Additionally, an interim dividend of 50%, amounting to Rs 5 per share, was declared on October 31, 2023. Over the years, IOC has declared several dividends, both interim and final, with varying percentages and amounts. The company's current dividend yield is around 4.33% to 4.91%.

How often does indian oil corporation declare dividends?

Indian Oil Corporation (IOC) has a history of declaring both interim and final dividends. In the past 12 months, IOC declared an interim dividend on October 31, 2023, and a final dividend on July 28, 2023. The company has declared a total of 38 dividends since August 27, 2001, indicating that it typically declares dividends at least once or twice a year.

What is Dividend History of Vedanata Ltd?

Vedanta Ltd. has a strong dividend history, consistently declaring dividends over the years. In the past 12 months, Vedanta has declared several interim dividends, with the most recent being an equity dividend of 10150.00% amounting to Rs 101.5 per share for the year ending March 2023. The company has declared a total dividend of Rs 51.5 per share in the past 12 months. The dividend yield has varied, with the most recent being 36.62% at the current share price. The company's total dividend for FY23 amounted to Rs 37,572 crore. The dividend history dates back to July 23, 2001, with a total of 41 dividends declared since then. The most recent interim dividend was declared on December 27, 2023, amounting to Rs 11.00 per share.

How often does vedanta ltd declare dividends?

Vedanta Ltd  has declared 41 dividends since July 23, 2001. In the past 12 months, it has declared several interim dividends, with the most recent being an equity dividend of 10150.00% amounting to Rs 101.5 per share for the year ending March 2023. The company has declared a total dividend of Rs 51.5 per share in the past 12 months. The frequency of dividend declarations varies, but the company has a history of declaring interim and final dividends multiple times in a year.

What is dividend history of “Hindustan Zinc Ltd”?

Hindustan Zinc Ltd has a dividend history dating back to June 28, 2001. The company has declared 41 dividends since then. In the past 12 months, Hindustan Zinc Ltd. has declared an equity dividend amounting to Rs 39.00 per share, resulting in a dividend yield of 12.36% at the current share price of Rs 315.50. For the year ending March 2023, the company declared an equity dividend of 3775.00%, amounting to Rs 75.5 per share. The most recent dividend was a second interim dividend of Rs 6 per share, with a record date of December 14, 2023. The company has a good dividend track record and has consistently declared dividends for the last 5 years.

How often does Hindustan zinc ltd declare dividends?

Hindustan Zinc Ltd has declared dividends 41 times since June 28, 2001. In the past 12 months, the company has declared 4 dividends, including 2 interim dividends and 2 special dividends. The frequency of dividend declarations can vary, but based on the recent history, it appears that the company declares dividends multiple times in a year.

What is dividend history of Bharti Airtel ltd?

Bharti Airtel Ltd has a dividend history of consistently declaring dividends over the years. For the year ending March 2023, the company declared an equity dividend of 80.00%, amounting to Rs 4 per share. In the previous financial year (FY2022-2023), it declared a dividend of ₹3. The company has declared 18 dividends since July 24, 2009, with the most recent being on August 11, 2023. The dividend payout ratio for the year ending March 2023 was 19.4%.

How often does bharti airtel ltd declare dividends?

Bharti Airtel Ltd declares dividends annually. The company has a history of declaring dividends consistently over the years, with 18 dividends declared since July 24, 2009. The most recent dividend was declared on August 11, 2023.

What is dividend history of Coal India?

Coal India has a strong dividend track record, consistently declaring dividends for the last several years. For the year ending March 2023, it declared an equity dividend of 242.50%, amounting to Rs 24.25 per share, resulting in a dividend yield of 5.54% at the current share price of Rs 437.85. In the past, the company has declared both interim and final dividends, with the most recent interim dividend being 15.25% declared on 21st November 2023. The dividend history shows that Coal India has a history of increasing dividend payments over the last 10 years, with a current dividend yield of 5.84%.

How often does coal India declare dividends?

Coal India has declared 26 dividends since February 18, 2011. The company typically declares both interim and final dividends. For example, in the past 12 months, it declared an interim dividend on November 21, 2023, and a final dividend on August 18, 2023. The frequency of dividend declarations varies, but the company has a history of consistently declaring dividends over the years

We can also add “Sanofi india” in the above list because this company has been paying high dividend to their shareholders.

What is the dividend history of Sanofi india?

Sanofi India Ltd. has a strong dividend history. The company has declared 48 dividends since May 17, 2001. In the past 12 months, it declared an equity dividend amounting to Rs 377.00 per share, resulting in a dividend yield of 4.65% at the current share price. The most recent dividend was declared on April 28, 2023, with a special dividend of Rs 183.00 per share and a final dividend of Rs 194.00 per share. The company has a track record of consistent dividend payments and has shown a commitment to rewarding its shareholders through dividends. Additionally, the company's current dividend yield is 11.88% with an annual dividend payment of ₹1,060. The Board of Directors proposed a dividend of €3.76 per share, which could be the 29th consecutive year of dividend growth. This demonstrates the company's focus on providing value to its shareholders through regular and growing dividends

The dividend history of Sanofi India Ltd reflects its commitment to rewarding shareholders and its consistent performance in this aspect.

How often does Sanofi india pay dividends?

Sanofi India Ltd pays dividends once a year, typically in the month of June. The company has a strong dividend history, having declared 48 dividends since May 17, 2001. The most recent dividend was declared on April 28, 2023, with a special dividend of Rs 183.00 per share and a final dividend of Rs 194.00 per share.

Conclusion:

Diversify your investment portfolio by considering these high dividend-paying companies in the Indian stock market. With a history of consistent dividend payments, these companies provide a reliable source of income for investors in 2024.