List of Best Dividend Paying Stocks In India | High Dividend Paying Stocks In India | S&P CNX Nifty Best Dividend Stocks

Investors desire high return on investment. This is the reason why majority focus on capital appreciation. When I ask people to buy stocks for dividend income, they look at me with amazement.
People like capital appreciation more then dividend yield.
Dividend yields of stocks are low compared to potential price appreciation. But remember, price appreciations are never certain. Comparatively, certainty of dividend income is far higher then price growth.
Why champion investors love best dividend paying stocks more? What makes top dividend paying stocks so likeable by champion investors?

High growth rate is a priority for majority, but expert investors likes to have a balance portfolio. Portfolio focusing only on capital appreciation is not good. Inclusion of dividend paying stocks balances their portfolio. Expert investors also loves passive income.
Dividend income is one of the best forms of passive income. People who believes in passive income also loves stocks that pay dividends. Passive income in form of dividend is like an assured income.
Whereas capital appreciation (potential high growth) is not as assured.

For passive income lovers, it is essential to track and buy the highest dividend paying stocks. Not all stocks that pays dividends are best.
Expert investors does not like high dividend paying stocks just for assured income. Potential of dividend income to grow year after year makes it even more likable.
In this article we will provide list of best dividend paying stocks for passive income lovers.
Dividend payment is a process by which companies share its net profit with its shareholders. When companies increases dividend payout, it is actually giving a hint that its profits are improving.
Companies which are able to grow its dividend-payout year after year are an indication of fundamentally strong company.

What about dividend paying stocks we have here :
* Introduction about dividend paying companies and why expert investors love accumulating them.
* What type of companies can afford to distribute high dividends consistently year after year.
* The benefits of investing in dividend paying stocks that makes is so popular with both short term and long term investors.
* How we can identify best dividend paying stocks from list of mediocre dividend paying companies.
* List of top dividend paying companies with its last five year average dividend yield & payout ratio.

These companies are more confident about its future cash flows. Hence they dare to distribute large amount of PAT as dividends.Dividend stocks offer 2 clear benefits to investors. First, they generate short term income. This income is both consistent and also grows. Secondly, they also provide capital appreciation when held for long term. High inflation rate in India, makes other risk-free investments less lucrative.
As dividends are tax free, it clearly enjoys advantage over other risk-free options. The fact that dividend stocks can also provide capital appreciation makes them so special.Dividend Paying Stocks are Stable
Dividend paying stocks are very stable. Historically, price of dividend paying stocks waver less than other stocks. They have lower beta. We may not feel this benefit when market is fair. But when stock market crashes, dividend stocks stands tall.

There are more buyers of dividend paying stocks than sellers. But there is an exception during market crash. During market crash sellers dominate the market. During crash, market price of stocks falls. But this makes dividend stock holders even more happy. They buy more dividend stocks during every price-fall.
Dividend is a strong value indicator

Value investors considers high dividend yield as a strong value indicator. If a quality stock is yielding high dividend, it is considered as undervalued. Improving sales and profit figures are one of the strongest fundamental indicators of quality stocks. High profitability and low debt dependency is just like an icing on cake.
Companies which shares its profits consistently (dividends) are confident companies. This confidence comes with predictability of future earnings. Companies will never compromise its short term liquidity to please shareholders. So if a company is paying dividends it means that liquidity is in full control. Maintaining liquidity to pay its current liabilities is a top priority for any company. A company which is paying regular dividends must have sufficient liquidity to take care of its current liability.

Re-investment of Dividends is Key

Reinvesting dividend further increases the yield. People must invest systematically to accumulate dividend stocks. This way not only they accumulate fundamentally strong stocks but also increase dividend earning.
It is important to reinvest dividend that flows-in. This extra money buys more dividend stocks. This cycle continues. More stocks means more dividend, which again buys more stocks. It is said that Warren Buffett earns billion dollars alone in dividends. Let us set a personal target for ourselves. In next five years our dividend income shall be reach Rs 5,000/month. Let us start accumulating quality, dividend paying Indian stocks.

Best dividend paying stocks in India

Contant taken by- moneycontrol.com

Company Name	Last Price	Latest Div %	Dividend Yield % at these prices			Dividend History
			52 High	52 Low	Current
Interglobe Avi	980.10	3,516.90	25.21	50.36	35.88	view
Financial Tech	82.90	850.00	10.01	23.78	20.51	view
Oracle Fin Serv	3,392.85	13,300.00	14.96	21.45	19.60	view
Hind Zinc	176.00	1,390.00	14.13	23.75	15.80	view
Indiabulls Vent	21.45	150.00	7.61	22.99	13.99	view
Noida Toll	23.15	30.00	8.85	13.82	12.96	view
Strides Shasun	1,109.85	1,080.00	7.64	12.75	9.73	view
NMDC	90.25	855.00	6.96	11.38	9.47	view
ILandFS	15.10	65.00	5.51	10.04	8.61	view
Rico Auto	35.35	300.00	4.70	10.79	8.49	view
Sasken Comm	320.15	270.00	6.27	12.55	8.43	view
CARE	1,000.55	790.00	5.27	8.95	7.90	view
Polaris Consult	193.70	300.00	6.68	10.18	7.74	view
Lakshmi Finance	41.00	30.00	6.00	9.26	7.32	view
R Systems Intl	55.70	395.00	4.42	7.21	7.09	view
Coal India	308.50	207.00	4.63	7.62	6.71	view
REC	160.65	107.00	3.55	7.03	6.66	view
Cairn India	139.30	90.00	4.70	8.45	6.46	view
PNB Gilts	23.70	15.00	4.72	6.94	6.33	view
IFCI	25.40	15.00	5.01	8.33	5.91	view
JB Chemicals	241.45	700.00	4.40	6.30	5.80	view
Bank of India	87.30	50.00	2.66	6.38	5.73	view
Oil India	350.00	200.00	4.19	6.66	5.71	view
Power Finance	160.10	91.00	3.23	6.49	5.68	view
Rainbow Papers	3.60	10.00	0.26	5.71	5.56	view
ILandFS Trans	73.30	40.00	2.63	6.25	5.46	view
Canara Bank	192.65	105.00	2.91	6.73	5.45	view
Shrenuj and Co	3.75	10.00	0.31	8.51	5.33	view
IDFC	49.35	26.00	1.59	7.47	5.27	view
Kothari Petro	20.20	10.00	3.25	8.55	4.95	view
Hinduja Global	414.00	200.00	3.34	5.51	4.83	view
Panoramic Uni	10.50	10.00	2.76	5.52	4.76	view
Tourism Finance	37.90	18.00	2.60	5.18	4.75	view
Aptech	68.65	32.50	4.20	6.42	4.73	view
Sonata	151.40	700.00	3.76	5.57	4.62	view
Lovable Lingeri	270.30	125.00	3.86	6.01	4.62	view
Rolta	65.35	30.00	2.28	4.76	4.59	view
SAIL	43.90	20.00	3.06	5.97	4.56	view
Binani Ind	66.25	30.00	2.95	6.00	4.53	view
Dhunseri Petro	88.75	40.00	3.53	6.04	4.51	view
Guj Mineral	67.45	150.00	2.91	5.74	4.45	view
ONGC	213.25	190.00	2.94	5.06	4.45	view
Geojit BNP	39.45	175.00	2.97	6.24	4.44	view
NALCO	41.55	35.00	3.63	6.25	4.21	view
VST	1,660.80	700.00	3.78	5.04	4.21	view
Weizmann Forex	181.45	75.00	2.15	4.96	4.13	view
Tree House	49.30	20.00	0.43	4.19	4.06	view
Morarjee Text	43.30	25.00	2.80	5.80	4.04	view
Manaksia	49.55	100.00	3.36	5.63	4.04	view
Neyveli Lignite	69.75	28.00	2.96	4.66	4.01	view
Andhra Bank	49.95	20.00	2.45	4.78	4.00	view
Rashtriya Chem	45.15	18.00	2.93	5.12	3.99	view
HCL Tech	753.65	1,500.00	2.98	4.25	3.98	view
Federal Bank	56.80	110.00	2.76	5.32	3.87	view
Indo Thai Secu	25.95	10.00	3.38	6.51	3.85	view
Kothari Product	169.05	65.00	2.39	5.27	3.85	view
SJVN	27.65	10.50	3.05	4.66	3.80	view
Karnataka Bank	133.35	50.00	3.16	5.90	3.75	view
HIL	534.65	200.00	2.35	4.75	3.74	view
Hinduja Venture	402.55	150.00	3.20	4.20	3.73	view
Indiabulls Hsg	696.85	1,300.00	3.17	4.79	3.73	view
Punjab & Sind	44.35	16.50	3.49	5.21	3.72	view
Panama Petro	55.20	100.00	2.37	3.84	3.62	view
Standard Ind	20.80	15.00	2.43	4.08	3.61	view
Lakshmi Vilas	83.30	30.00	2.78	4.34	3.60	view
MOIL	237.95	85.00	3.31	4.74	3.57	view
GE Shipping	308.85	110.00	2.61	4.01	3.56	view
RS Software	91.45	65.00	1.50	5.65	3.55	view
Ansal Housing	22.70	8.00	2.58	4.44	3.52	view
Electrosteel	18.65	65.00	2.39	4.08	3.49	view
DCM	87.90	30.00	2.33	4.55	3.41	view
Indraprastha	53.55	18.00	2.33	3.87	3.36	view
Sicagen India	17.95	6.00	2.46	4.74	3.34	view
Indo-National	749.65	250.00	1.72	3.89	3.33	view
Tata Inv Corp	510.15	170.00	2.70	3.77	3.33	view
AMD Industries	27.20	9.00	2.01	5.22	3.31	view
Bhageria Indu	153.15	50.00	2.73	5.75	3.26	view
Puravankara	47.50	31.00	1.77	3.65	3.26	view
JK Bank	64.65	210.00	1.81	3.74	3.25	view
Visaka Ind	153.65	50.00	2.65	5.68	3.25	view
Accelya Kale	1,116.90	360.00	2.93	4.63	3.22	view
Manappuram Fin	56.20	90.00	3.04	9.09	3.20	view
Munjal Auto Ind	78.10	125.00	2.20	4.05	3.20	view
MPS	688.65	220.00	2.35	3.64	3.19	view
Indo Rama Synth	31.45	10.00	1.99	4.43	3.18	view
Muthoot Cap	172.90	55.00	2.62	4.65	3.18	view
Gandhi Spl Tube	236.80	150.00	2.57	3.77	3.17	view
Jocil	189.75	60.00	2.54	5.00	3.16	view
Tide Water Oil	5,660.85	3,500.00	2.10	5.11	3.09	view
Balmer Lawrie	583.80	180.00	2.64	3.67	3.08	view
Sun TV Network	364.90	225.00	2.58	4.40	3.08	view
MphasiS	519.55	160.00	2.74	4.38	3.08	view
PTC India	71.40	22.00	2.94	4.40	3.08	view
Vedanta	113.95	350.00	1.83	6.02	3.07	view
Precision Wires	90.00	55.00	2.75	4.99	3.06	view
Vardhman Acryli	32.90	10.00	2.33	4.15	3.04	view
Rain Industries	32.95	50.00	1.93	3.92	3.03	view
Contant taken by- moneycontrol.com
Note : The Dividend Yield is calculated considering the total dividend paid as per the latest available profit and loss account or the unaudited results. The company may or may not continue to pay dividend at the same rate in the future.