When investing, people often think about the stock price and what return the investment will yield. However, the dividend investors receive for holding the stock is also essential. If you’re looking for an investment opportunity, look no further than stocks that pay dividends to their shareholders. In this article, we will discuss India’s top ten dividend-paying stocks, and we will also discuss how much dividends are paid by them.
Sectors that are best dividend payers
Large companies with predictable profits are usually the best dividend payers; the following sectors hold a regular record of dividend payments:
- Oil and gas
- Healthcare and pharmaceuticals
- Banks and financial
- Utilities
- Basic materials
Why Do Companies Pay Dividends?
The dividend is a kind of bonus that the shareholders will receive from the company. A high-value dividend order indicates that the company is doing good and generating reasonable profits. Dividend payment increases the trust of the shareholders in the company and brings more significant investment in it.
Top 10 dividend-paying stocks
So now we will discuss the companies that have paid high dividends in the last quarter.
S. No. | Name | Dividend (Rs./share) |
1. | Banco products | 20 |
2. | Vedanta | 19.50 |
3. | NMDC | 5.52 |
4. | REC. ltd | 4.80 |
5. | Oil India | 4.75 |
6. | ONGC | 3.25 |
7. | Coal India | 3 |
8. | HUDCO | 2.75 |
9. | Natl. Aluminum | 1.50 |
10. | Standard Inds. | 0.75 |
Let’s explore more about each of them.
1. Banco products

Banco products are the first company on the list to provide 20 Rs dividends per share to its Shareholders in the last quarter. Banco Products Ltd is into manufacturing high-quality machine cooling parts and engine sealing gaskets for the automotive. Banco products are now under the leadership of Mehul K. Patel. This corporation had a market capitalization of 1314.16 Cr. last year.
2. Vedanta

Vedanta Limited is the second company on the list to give its Shareholders an Rs. 19.50 dividend per share in the second quarter of 2022. It has consistently paid its shareholders dividends for the last five years. Vedanta Limited is an Indian multinational mining company that operates in iron ore, gold, and aluminum mines in Rajasthan, Goa, Karnataka, and Odisha. Anil Agarwal is the Non-Executive Chairman of Vedanta Limited. This company had a market capitalization of 100382.9 Cr. last year.
3. NMDC

NMDC is the third company on the list to provide Rs.5.52 dividends per share to its Shareholders in the last quarter. NMDC corporation is into other raw materials for the steel industry, like low silica limestone; the Chairman of NMDC is Sumit Deb. This corporation had a market capitalization of 37438.49 Cr. last year.
4. REC Ltd

REC Ltd is the fourth company on the list to provide Rs.4.80 dividends per share to its Shareholders in the last quarter. The company is committed to providing finance for rural electrification projects across India. The CMD of REC Ltd is Vivek Kumar Dewangan. This corporation had a market capitalization of 24752.31 Cr. last year.
5. Oil India

Oil India is the fifth company on the list to pay Rs 14.25 dividends per share to its Shareholders in the last quarter. Oil India Limited is a central public sector company under the Ministry of Petroleum and Natural Gas. OIL manages the business of exploration, expansion, and production of natural gas and crude oil, transportation of crude oil, and production of LPG. The Chairman of OIL is Ranjit Rath. This company had a market capitalization of 18917.45 Cr. last year.
6. ONGC

ONGC is the sixth company on the list to provide 3.25 Rs dividends per share to its Shareholders in the last quarter. The Oil and Natural Gas Corporation is a central public sector under the Ministry of Petroleum and Natural Gas. Its headquarters are in New Delhi. ONGC was established on 14 August 1956 by the Government of India. This corporation had a market capitalization of 159517.94 Cr.
7. Coal India Limited

CIL is the seventh company on the list to provide 3 Rs dividends per share to its Shareholders in the last quarter. CIL is an Indian central public sector under the ownership of the Ministry of Coal, Government of India. CIL is the largest government organization in the world’s coal-producing business. This corporation had a market capitalization of 130803.91 Cr. Its headquarters are in Kolkata.
8. H U D C O

H U D C O is the eighth company on the list to provide 2.75 Rs dividends per share to its Shareholders in the last quarter. The Housing and Urban Development Corporation Limited (HUDCO) is a central public sector under the Ministry of Housing and Urban Affairs, Government of India in India. This organization came into existence on 25 April 1970. This organization had a market capitalization of 7056.7 Cr.
9. Natl. Aluminum

Natl. Aluminum is the ninth company on the list to provide Rs 6.5 dividends per share to its Shareholders in the last quarter. National Aluminium Company Limited, commonly called NALCO, (started in 1981) and comes under the Ministry of Mines, GOI. It is one of the biggest integrated bauxite–alumina–aluminum–power companies. This corporation had a market capitalization of 13095.18 Cr. last year.
10. Standard Inds.

Standard Inds. is the tenth company on the list to provide 0.75 Rs dividends per share to its Shareholders in the last quarter. Standard Industries Limited has consistently been one of the top players to grace the industry, having over a hundred years of understanding in various fields, including textiles and chemicals. This Private limited had a market capitalization of 142.17 Cr.
Note: What are Dividends?
A dividend is the distribution of a company’s profits to its shareholders. Only the board of directors selects the amount given to their shareholders. It can be paid out as cash or in the form of reinvestment in additional stock.