{"id":1052,"date":"2023-02-04T09:36:00","date_gmt":"2023-02-04T09:36:00","guid":{"rendered":"https:\/\/rakshithpai.com\/?p=1052"},"modified":"2023-12-22T13:33:36","modified_gmt":"2023-12-22T13:33:36","slug":"best-dividend-paying-stocks-in-india","status":"publish","type":"post","link":"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/","title":{"rendered":"15 Highest Dividend Paying Stocks in India 2023"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662c0713d2568\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\" style='display:none' id=\"ez-toc-cssicon-toggle-item-662c0713d2568\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#What_is_a_Dividend_Investing\" title=\"What is a Dividend Investing?\">What is a Dividend Investing?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Two_types_of_dividends\" title=\"Two types of dividends.\">Two types of dividends.<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Final_dividend\" title=\"Final dividend \">Final dividend <\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Capital_Appreciation_or_Dividend_Income\" title=\"Capital Appreciation or Dividend Income?\">Capital Appreciation or Dividend Income?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Capital_appreciation\" title=\"Capital appreciation\">Capital appreciation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Dividend_income\" title=\"Dividend income \">Dividend income <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Why_should_you_invest_in_dividend-paying_stocks\" title=\"Why should you invest in dividend-paying stocks?\">Why should you invest in dividend-paying stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Financial_terms_in_dividend-paying_stocks\" title=\"Financial terms in dividend-paying stocks?\">Financial terms in dividend-paying stocks?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Company_cash_flow\" title=\"Company cash flow \">Company cash flow <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Earnings_yield_to_dividend_yield\" title=\"Earnings yield to dividend yield\">Earnings yield to dividend yield<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Dividend_payout_policy\" title=\"Dividend payout policy \">Dividend payout policy <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Financial_leverage\" title=\"Financial leverage\">Financial leverage<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Peer_comparison\" title=\"Peer comparison \">Peer comparison <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Tax_implications\" title=\"Tax implications:&nbsp;\">Tax implications:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Highest_dividend-paying_stocks_in_India_Updated_February_2023\" title=\"Highest dividend-paying stocks in India (Updated February 2023)\">Highest dividend-paying stocks in India (Updated February 2023)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#High_Dividend_Paying_Stocks_VS_Best_Dividend_Paying_Stocks\" title=\"High Dividend Paying Stocks V\/S Best Dividend Paying Stocks;\">High Dividend Paying Stocks V\/S Best Dividend Paying Stocks;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Best_dividend-paying_stocks_in_India_Updated_February_2023\" title=\"Best dividend-paying stocks in India (Updated February 2023)\">Best dividend-paying stocks in India (Updated February 2023)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Dividend_Information_of_a_Company_Where_to_find\" title=\"Dividend Information of a Company: Where to find?\">Dividend Information of a Company: Where to find?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Final_Thoughts\" title=\"Final Thoughts:\">Final Thoughts:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Wish_to_Open_a_DEMAT_account\" title=\"Wish to Open a DEMAT account?\">Wish to Open a DEMAT account?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Watch_the_YouTube_video_for_more_information\" title=\"Watch the YouTube video for more information:\">Watch the YouTube video for more information:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#Also_read\" title=\"Also read:\">Also read:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_a_Dividend_Investing\"><\/span><b>What is a Dividend Investing?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The dividend is the distribution of companies earnings to the shareholders.<strong> As per section 2(35) of the Companies Act 2013, the Dividend is the profit of the company not retained in the business.<\/strong> But, distributed among the shareholders in proportion to the shares held by them. The dividend shall be paid to shareholders in uniform proportion as per their shareholdings.<\/p>\n\n\n\n<p><strong>Dividends are payable for the financial year after the final accounts are signed and the amount of distributable profits are available post-approval by the Board of directors of the Company (BOD). <\/strong>The BOD shall decide the rate at which dividends be payable to its shareholders. Companies Pay Dividends as a kind of gratuity (a form of a tip) paid by the management of the company to its shareholders for their continuous support and trust in the company.<\/p>\n\n\n\n<p>A high dividend is a great part of earnings for an investor. If invested well, an investor can earn a pretty good return on his\/her portfolio to have the desired financial freedom. And, it is also a metric to evaluate the company&#8217;s financial performance. <strong>The payout of high dividends over the years on a consistent basis can tell us a lot about the companies earning capability.<\/strong><\/p>\n\n\n\n<p>Stocks with a good dividend track record are considered safe investments. A consistent dividend-paying stock (companies that pay dividends consistently) can provide consistent cash flow to the investors which, when reinvested can provide better returns over the long term.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/upstox.com\/open-account\/?f=FN1853\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Upstox Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Two_types_of_dividends\"><\/span><b>Two types of dividends.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_dividend\"><\/span><b>Final dividend <\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>It is the dividend amount declared by the board of the company payable to the shareholders post-completion of the annual general meeting. Mostly payable on an annual basis. A high dividend receipt is a great form of passive income stream.<\/p>\n\n\n\n<p><strong>Example: Let\u2019s take <a href=\"https:\/\/rakshithpai.com\/itc-worth-investing\/\">ITC<\/a> limited, for reference.<\/strong><\/p>\n\n\n\n<ul>\n<li>Company name: ITC limited<\/li>\n\n\n\n<li>Share price (CMP): Rs. 380<\/li>\n\n\n\n<li>Number of shares: 1,000<\/li>\n\n\n\n<li>Total investment: Rs.3,80,000<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-left\">If you own 1,000 shares of ITC limited at a price of Rs. 380 per share. Your total holdings would amount to Rs. 3,80,000\/-<\/p>\n\n\n\n<p>As per the recent dividend declaration by ITC limited, you are eligible for a high dividend income of Rs. 11.5 per share amounting to net dividend earnings of Rs. 11.5. That\u2019s over a 3% dividend yield.<\/p>\n\n\n\n<p><b>Interim dividend<\/b><\/p>\n\n\n\n<p>It is the dividend paid by the company in the middle of a fiscal year. The board of the company, upon its favorable profit or comfortable cash position, decides to provide the shareholders with an interim dividend. This kind of dividend can be provided at any part of the year. But, remember that the interim dividend might not be as high as the final dividend.<\/p>\n\n\n\n<p><strong>Let\u2019s take the same example as above, (Hypothetical scenario)<\/strong><\/p>\n\n\n\n<p>If you own 1,000 shares of ITC limited at a price of Rs. 380 per share. Your total holdings would amount to Rs. 3,80,000\/-<\/p>\n\n\n\n<p>Suppose the ITC Limited board approves an interim dividend of Rs. 8 per share. You are eligible for a dividend income of Rs. 8 per share amounting to total dividend earnings of Rs. 8,000. That\u2019s at a 2.1% dividend yield. But, since it is an interim dividend. It is earnings apart from the year-end dividend an investor can expect.<\/p>\n\n\n\n<p>If that\u2019s not appealing, think about this.<\/p>\n\n\n\n<p>So, an investor can not only expect an income of Rs. 11,500 as an annual dividend. He\/she can also earn Rs. 8,000 as an interim dividend. Earnings of Rs.19,500 (11,500+8,000) for your total holdings of Rs. 3,80,000 makes your return via dividend at the rate of 5.15%. Much more favorable than Fixed deposits (FD A\/c) in banks (because of the capital appreciation you get with stock ownership). More favorable because in the stock market, the other form of wealth creation is a capital return.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_Appreciation_or_Dividend_Income\"><\/span><strong><b>Capital Appreciation or Dividend Income<\/b>?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_appreciation\"><\/span><strong>Capital appreciation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is the rise in the price of shares from the time you purchase to the time you sell. An investor buys a share of the company to make a big return over a period of time. The share price if favorable rises in price and can be sold at a higher price. It is the difference between the buying price and the selling price to arrive at a profit.<\/p>\n\n\n\n<p><strong>Example: Let\u2019s take ITC limited for reference.<\/strong> (Hypothetical example)<\/p>\n\n\n\n<ul>\n<li>Company name: ITC limited<\/li>\n\n\n\n<li>Purchase Date: 2nd January 2023<\/li>\n\n\n\n<li>Share price (CMP): Rs. 100<\/li>\n\n\n\n<li>Number of shares: 2,000<\/li>\n\n\n\n<li>Total investment: Rs.2,00,000<\/li>\n\n\n\n<li>Purchase year: 2010 (Mid)<\/li>\n<\/ul>\n\n\n\n<p>If you own 2,000 shares of ITC limited at a price of Rs. 100 per share. Your total worth would amount to Rs. 2,00,000\/- Over the years, you would have received various stock splits, bonus shares, and dividend income. Apart from such earnings, in the year 2023, you decide to sell all your shares at the current market price (CMP) of Rs. 200 per share. You have straight away doubled your initial investment to take home a profit of Rs. 2,00,000\/- (Purchase amount Rs. 2,00,000; the Sale price of your ITC stocks at Rs. 200 per share for 2,000 shares would amount to Rs. 4,00,000 bringing in a profit of Rs. 2,00,000).<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-2 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/upstox.com\/open-account\/?f=FN1853\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Upstox Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p>That\u2019s the power of long-term holdings. Remember that the earnings are excluding your dividend return over the 10 years span. The fruit of capital growth is seen mostly in the long term. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>As said by Mr.Warren <a href=\"https:\/\/rakshithpai.com\/best-warren-buffett-quotes\/\">Buffett<\/a> &#8211; \u201cBuy low, sell high. It\u2019s pretty simple. The problem is knowing what\u2019s low and what\u2019s high\u201d.<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dividend_income\"><\/span><strong>Dividend income<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As explained above, it is the revenue receipt, unlike capital growth as in long-term investing of stocks. <strong>The income received as a dividend is repetitive in nature as long as you hold on to the stocks and the management decides to not change its dividend policy.<\/strong> Because a company\u2019s board has no legal obligation to provide a dividend to its shareholders.<\/p>\n\n\n\n<p>The power of consistency in wealth creation can be seen. Re-investment of one\u2019s dividend income into the company can provide more shares, to give more dividends. It\u2019s a loop, a repetitive process that\u2019s simple yet extremely effective.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_should_you_invest_in_dividend-paying_stocks\"><\/span><b>Why should you invest in dividend-paying stocks?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol>\n<li><strong>Passive income<\/strong> &#8211; Dividend investing results in a great form of an additional stream for investors. They are one of the safest forms of investment. Investing in a quality business with a consistent dividend payout track record provides consistent dividends and one-time capital receipt at the sale of shares.<\/li>\n\n\n\n<li><strong>Predictable<\/strong> &#8211; A consistent dividend payout by the company provides predictable cash flow for the investor to look for. Revenue that\u2019s as predictable as any other form of income. Investors can expect his\/her exact dividend receipt over the number of shares held.<\/li>\n\n\n\n<li><strong>Safe and reliable<\/strong> &#8211; A company with a consistent dividend distribution track record is more reliable than a company without dividend distribution. To payout dividends, the company&#8217;s management has to earn such an amount in revenue that provides a comfortable cash position. Hence, management tends to be more competitive to earn such cash flow, the same to be distributed to investors as a dividend.<\/li>\n\n\n\n<li><strong>Re-investment<\/strong> &#8211; Over the years, reinvestment of dividends have provided a better return to investors than the one without dividend reinvestment. Consistent reinvestment of dividends into a well-established dividend-based company can yield a better return over time.<\/li>\n\n\n\n<li><strong>Strong financial<\/strong> &#8211; As explained above, To provide a consistent dividend to its shareholders. The company has to have a strong cash flow and has to maintain consistency in earnings. Thus, any company that\u2019s both consistent in providing dividends and is improving its dividend yield to its shareholder is worth investing in.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_terms_in_dividend-paying_stocks\"><\/span><b>Financial terms in dividend-paying stocks?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Now, we know the importance of dividends and the need for them in one\u2019s portfolio. Here\u2019s a list of checklists that are needed before starting your investment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Company_cash_flow\"><\/span><strong>Company cash flow<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Cash flow is the movement of money in and out of the company.<\/strong> Operational cash flow is the inflow of money into the company via the provision of goods and services by the company. It is the main form of revenue the company generates. Hence, we provide it with high importance.<\/p>\n\n\n\n<p><strong>There have been cases where companies provide dividends to their shareholders even without any stable earnings.<\/strong> The companies sell their assets or take loans to provide a dividend to stay afloat and retain their goodwill in the market. An investor can judge the company&#8217;s solvency by reading the company&#8217;s cash flow statement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Earnings_yield_to_dividend_yield\"><\/span><strong>Earnings yield to dividend yield<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As discussed earlier, the company should provide a dividend to its shareholder only by their revenue, the one that goes into the company reserve. <strong>Earnings yield is the rate at which a company earns its revenue on a per-share basis. <\/strong>Also known as Earnings per share (EPS). It is the revenue earned by the company divided on a per-share basis. The dividend yield is the earnings an investor earns on a per-share basis.<\/p>\n\n\n\n<p><b>Let\u2019s take the same example as above, (Hypothetical scenario)<\/b><\/p>\n\n\n\n<ul>\n<li>Company name: ITC limited<\/li>\n\n\n\n<li>Share price (CMP): Rs. 200<\/li>\n\n\n\n<li>Number of shares: 1,000<\/li>\n\n\n\n<li>Total investment: Rs.2,00,000<\/li>\n\n\n\n<li>Outstanding shares &#8211; 10,00,000 (No. of shares of the company listed in the stock market)<\/li>\n<\/ul>\n\n\n\n<p>Company in the year 2019-20, makes an annual turnover of Rs.100 crore. And, after tax, the distributable profit is known as PAT at Rs.10 crore. With outstanding shares of 10,00,000 listed. The EPS of the company would be Rs.100 per share (10 crores after-tax earnings \/ 10 lakh outstanding shares).<\/p>\n\n\n\n<p>In such a case, If the company decides to provide dividends to its shareholders at Rs. 20 per share. The Dividend yield would be at 10% (Rs.20 dividend amount \/ Rs.200 CMP * 100).<\/p>\n\n\n\n<p>And the earnings yield to the company would be at 50% (Rs.100 EPS \/ Rs.200 CMP * 100). Also known as the P\/E ratio (Price to earnings ratio) the reciprocal of earnings yield is expressed in a ratio. The per-share earnings of the company to the price paid per share.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dividend_payout_policy\"><\/span><strong>Dividend payout policy<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is the management, and the board of directors of the company to decide the rate of dividend if at all provided. <strong>It is the integral strategy of the company. And moreover, the company is under no obligation to pay a dividend to its shareholders.<\/strong><\/p>\n\n\n\n<p>So, as an investor. You should know the company&#8217;s dividend policy. The payment consistency, the rate of payment, and the mode of payment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_leverage\"><\/span><strong>Financial leverage<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As discussed earlier, there are cases where the company had decided to pay a dividend to its shareholders even though the company made no real earnings.<strong> In such cases, the management tends to provide a dividend to its shareholders by liquidating its assets or taking up debt, or sometimes both.<\/strong> In such cases, the company&#8217;s financials can throw out any mismanagement. And, the cash flow can explain the company&#8217;s earnings capability.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span><strong>Peer comparison<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When we say peer comparison, it can be an earnings comparison to the same industry and peer company earnings. And, it can also be the dividend yield compared to its rival company shares. <strong>And, the third way of comparison would be to compare our dividend earnings to other asset-class earnings to determine the opportunity cost of capital earnings.<\/strong><\/p>\n\n\n\n<p>Now, we now know the importance of companies that pay dividends and the checklist to be considered before investing in one. We also checked how wealth creation via dividend-paying stocks is better than other asset classes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_implications\"><\/span><b>Tax implications:&nbsp;<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before this financial year, the tax on dividends was a Dividend distribution tax (DDT) wherein, the company and mutual fund providing the dividend had to pay tax on the amount and the individuals need not pay any excess tax over it. Unless the dividend receipt is above Rs. 10 lakh.<\/p>\n\n\n\n<p>As per the Finance Act, 2021. <strong>The tax on dividends as in TDS shall be deducted by the company and mutual funds in case of dividend receipt to the investors receivable at over Rs.5,000 at the rate of 10% (Currently, reduced to 7.5% of TDS as a COVID relief measure).<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-3 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/upstox.com\/open-account\/?f=FN1853\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Upstox Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Highest_dividend-paying_stocks_in_India_Updated_February_2023\"><\/span><b>Highest dividend-paying stocks in India (Updated February 2023)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"su-table su-csv-table su-table-alternate\"><table><tr><td>Sl. No<\/td><td>Name<\/td><td>CMP<\/td><td>Dividend Yield<\/td><td>EPS<\/td><td>P\/E<\/td><td>PB (x) PE<\/td><td>PEG<\/td><td>ROCE (5 Yrs)<\/td><td>ROE (5 Yrs)<\/td><td>Dividend Income<\/td><\/tr><tr><td>1<\/td><td>Vedanta Ltd<\/td><td>314.3<\/td><td>25.77<\/td><td>38.99<\/td><td>8.17<\/td><td>17.57<\/td><td>0.28<\/td><td>19.08<\/td><td>20.11<\/td><td>81<\/td><\/tr><tr><td>2<\/td><td>RSWM Ltd<\/td><td>162.8<\/td><td>15.36<\/td><td>54.36<\/td><td>2.99<\/td><td>2.18<\/td><td>0.16<\/td><td>6.69<\/td><td>4.88<\/td><td>25.01<\/td><\/tr><tr><td>3<\/td><td>Hindustan Zinc Ltd<\/td><td>346.25<\/td><td>14.3<\/td><td>25.7<\/td><td>13.47<\/td><td>63.04<\/td><td>3.66<\/td><td>29.2<\/td><td>23.15<\/td><td>49.51<\/td><\/tr><tr><td>4<\/td><td>Styrenix Performance Materials Ltd<\/td><td>753.35<\/td><td>13.94<\/td><td>146.07<\/td><td>5.16<\/td><td>8.72<\/td><td>0.14<\/td><td>23<\/td><td>19.65<\/td><td>105.02<\/td><\/tr><tr><td>5<\/td><td>NMDC Ltd<\/td><td>118.65<\/td><td>12.42<\/td><td>21.25<\/td><td>5.58<\/td><td>9.6<\/td><td>0.19<\/td><td>29.23<\/td><td>20.25<\/td><td>14.74<\/td><\/tr><tr><td>6<\/td><td>Indian Oil Corporation Ltd<\/td><td>78.45<\/td><td>10.71<\/td><td>4.35<\/td><td>14.99<\/td><td>13.04<\/td><td>3.18<\/td><td>14.3<\/td><td>16.42<\/td><td>8.4<\/td><\/tr><tr><td>7<\/td><td>Hinduja Global Solutions Ltd<\/td><td>1300.6<\/td><td>10.5<\/td><td>1464.76<\/td><td>28.17<\/td><td>18.03<\/td><td>0.27<\/td><td>8.18<\/td><td>62.68<\/td><td>136.56<\/td><\/tr><tr><td>8<\/td><td>Banco Products (India) Ltd<\/td><td>195.4<\/td><td>10.24<\/td><td>20.08<\/td><td>9.73<\/td><td>14.6<\/td><td>0.8<\/td><td>18.74<\/td><td>13.02<\/td><td>20.01<\/td><\/tr><tr><td>9<\/td><td>Steel Authority of India Ltd<\/td><td>85.95<\/td><td>10.18<\/td><td>10.85<\/td><td>7.47<\/td><td>4.93<\/td><td>0.16<\/td><td>10.8<\/td><td>10.38<\/td><td>8.75<\/td><\/tr><tr><td>10<\/td><td>REC Ltd<\/td><td>118.75<\/td><td>9.66<\/td><td>39.51<\/td><td>3.01<\/td><td>1.72<\/td><td>0.31<\/td><td>9.03<\/td><td>17.86<\/td><td>11.47<\/td><\/tr><tr><td>11<\/td><td>Coal India Ltd<\/td><td>218.9<\/td><td>9.25<\/td><td>47.58<\/td><td>4.61<\/td><td>11.02<\/td><td>0.35<\/td><td>62.9<\/td><td>47.79<\/td><td>20.25<\/td><\/tr><tr><td>12<\/td><td>PTC India Ltd<\/td><td>87.4<\/td><td>8.92<\/td><td>15.07<\/td><td>5.8<\/td><td>3.02<\/td><td>1.36<\/td><td>10.2<\/td><td>9.35<\/td><td>7.8<\/td><\/tr><tr><td>13<\/td><td>Allsec Technologies Ltd<\/td><td>520.45<\/td><td>8.65<\/td><td>35.59<\/td><td>14.62<\/td><td>49.12<\/td><td>-1.37<\/td><td>22.25<\/td><td>17.08<\/td><td>45.02<\/td><\/tr><tr><td>14<\/td><td>Power Finance Corporation Ltd<\/td><td>141.5<\/td><td>8.48<\/td><td>53.55<\/td><td>2.64<\/td><td>1.29<\/td><td>0.06<\/td><td>9.66<\/td><td>19.69<\/td><td>12<\/td><\/tr><tr><td>15<\/td><td>Standard Industries Ltd<\/td><td>29.75<\/td><td>8.4<\/td><td>27.87<\/td><td>1.07<\/td><td>1.57<\/td><td>0.02<\/td><td>51.04<\/td><td>-<\/td><td>2.5<\/td><\/tr><tr><td><\/td><\/tr><\/table><\/div>\n\n\n\n<ul>\n<li><b>CMP<\/b> &#8211; Current Market Price. The price per share when we drafted this article.<\/li>\n\n\n\n<li><b>Dividend Yield<\/b> &#8211; Dividend earnings on a percentage basis, the same is calculated on the CMP.<\/li>\n\n\n\n<li><b>EPS<\/b> &#8211; Earnings Per Share. The per-share earnings of the shareholder for his\/her holdings.<\/li>\n\n\n\n<li><b>P\/E<\/b> &#8211; Price to Earnings ratio, the well-known ratio used to evaluate a company&#8217;s valuation.<\/li>\n\n\n\n<li><strong>PB (x) PE <\/strong>&#8211; Price to Book Value multiplied by Price to Earnings ratio. A known ratio as used by Mr.Benjamin Graham (Father of Value Investing).<\/li>\n\n\n\n<li><strong>PEG&nbsp;<\/strong>&#8211; Price to Earnings Growth ratio, a well now ratio to determine if the company is valued in accordance to its growth aspect.<\/li>\n\n\n\n<li><strong>ROCE (5 Yrs)&nbsp;<\/strong>&#8211; Return of Capital Employed, 5 years average in percentage.<\/li>\n\n\n\n<li><strong>ROE (5 Yrs) <\/strong>&#8211; Return of Equity, 5 years average in percentage.<\/li>\n\n\n\n<li><b>Dividend Incomes<\/b> &#8211; Income an Investor can expect from the stock holdings, on a per-share basis.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"High_Dividend_Paying_Stocks_VS_Best_Dividend_Paying_Stocks\"><\/span><strong>High Dividend Paying Stocks V\/S Best Dividend Paying Stocks;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The above-mentioned details are about some of the highest dividend-paying companies in India. But high dividend payments are not the same as the best dividend-paying stocks.<\/p>\n\n\n\n<p><strong>Any company can become a high-dividend payer.<\/strong> As explained above, a dividend is a tool used by the management as a sense of gratitude towards its shareholders for sticking with the company over the years. But it can also be a means to attract shareholders.<strong> Hence, with a dividend, the management can deceive shareholders into investing in their company.<\/strong><\/p>\n\n\n\n<p><strong>It is recommended not to invest in a company purely based on its dividend but to consider other factors as well, such as the dividend payout ratio (what percentage of earnings are paid to shareholders out of total earnings), the consistency of the dividend, dividend growth, the source of the dividend, etc.<\/strong><\/p>\n\n\n\n<p>Considering all factors, we can consider the following as some of the best dividend paying companies in India:<\/p>\n\n\n\n<p>Note: For a high dividend-paying company, the dividend yield can range anywhere from 7% to over 100% at times. But, in the case of the best dividend-paying companies, the dividend yield would be around 1% to 7% at most.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Best_dividend-paying_stocks_in_India_Updated_February_2023\"><\/span><strong>Best dividend-paying stocks in India (Updated February 2023)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"su-table su-csv-table su-table-alternate\"><table><tr><td>SL. No<\/td><td>Name<\/td><td>CMP<\/td><td>Dividend Yield<\/td><td>EPS<\/td><td>P\/E<\/td><td>PB (x) PE<\/td><td>PEG<\/td><td>ROCE (5 Yrs)<\/td><td>ROE (5 Yrs)<\/td><td>Dividend Income<\/td><\/tr><tr><td>1<\/td><td>ICICI Securities Ltd<\/td><td>489.60<\/td><td>4.90<\/td><td>37.03<\/td><td>13.22<\/td><td>80.11<\/td><td>0.41<\/td><td>36.68<\/td><td>63.23<\/td><td>23.99<\/td><\/tr><tr><td>2<\/td><td>VST Industries Ltd<\/td><td>2,969.50<\/td><td>4.71<\/td><td>223.72<\/td><td>13.27<\/td><td>59.05<\/td><td>0.82<\/td><td>50.08<\/td><td>35.50<\/td><td>139.86<\/td><\/tr><tr><td>3<\/td><td>Tata Steel Ltd<\/td><td>120.35<\/td><td>4.24<\/td><td>23.42<\/td><td>5.12<\/td><td>7.01<\/td><td>0.07<\/td><td>15.53<\/td><td>20.73<\/td><td>5.10<\/td><\/tr><tr><td>4<\/td><td>HCL Technologies Ltd<\/td><td>1,146.15<\/td><td>4.19<\/td><td>53.29<\/td><td>21.51<\/td><td>109.27<\/td><td>2.30<\/td><td>27.45<\/td><td>22.82<\/td><td>48.02<\/td><\/tr><tr><td>5<\/td><td>Sun TV Network Ltd<\/td><td>446.40<\/td><td>3.08<\/td><td>44.06<\/td><td>10.13<\/td><td>20.16<\/td><td>1.13<\/td><td>32.47<\/td><td>23.35<\/td><td>13.75<\/td><\/tr><tr><td>6<\/td><td>ITC Ltd<\/td><td>380.65<\/td><td>3.02<\/td><td>14.72<\/td><td>25.95<\/td><td>186.84<\/td><td>3.13<\/td><td>32.67<\/td><td>23.15<\/td><td>11.50<\/td><\/tr><tr><td>7<\/td><td>Hawkins Cookers Ltd<\/td><td>6,097.35<\/td><td>2.46<\/td><td>176.54<\/td><td>34.55<\/td><td>472.64<\/td><td>2.86<\/td><td>57.02<\/td><td>48.17<\/td><td>149.99<\/td><\/tr><tr><td>8<\/td><td>Infosys Ltd<\/td><td>1,599.40<\/td><td>1.94<\/td><td>56.26<\/td><td>28.24<\/td><td>255.01<\/td><td>3.08<\/td><td>33.59<\/td><td>25.84<\/td><td>31.03<\/td><\/tr><tr><td>9<\/td><td>Marico Ltd<\/td><td>493.90<\/td><td>1.87<\/td><td>9.68<\/td><td>51.05<\/td><td>868.87<\/td><td>5.14<\/td><td>42.30<\/td><td>36.12<\/td><td>9.24<\/td><\/tr><tr><td>10<\/td><td>Cams Services Ltd<\/td><td>2,264.90<\/td><td>1.71<\/td><td>55.64<\/td><td>40.76<\/td><td>676.21<\/td><td>1.93<\/td><td>54.14<\/td><td>40.89<\/td><td>38.73<\/td><\/tr><tr><td>11<\/td><td>Coromandel International Ltd<\/td><td>873.55<\/td><td>1.37<\/td><td>69.99<\/td><td>12.49<\/td><td>43.22<\/td><td>0.47<\/td><td>27.71<\/td><td>26.39<\/td><td>11.97<\/td><\/tr><tr><td>12<\/td><td>State Bank of India<\/td><td>544.20<\/td><td>1.30<\/td><td>52.78<\/td><td>10.31<\/td><td>16.39<\/td><td>0.06<\/td><td>4.56<\/td><td>5.81<\/td><td>7.07<\/td><\/tr><tr><td>13<\/td><td>CRISIL Ltd<\/td><td>3,127.00<\/td><td>1.25<\/td><td>78.80<\/td><td>42.25<\/td><td>613.89<\/td><td>4.78<\/td><td>40.87<\/td><td>29.64<\/td><td>39.09<\/td><\/tr><tr><td>14<\/td><td>TCS Ltd<\/td><td>3,482.30<\/td><td>1.23<\/td><td>111.18<\/td><td>31.32<\/td><td>409.35<\/td><td>4.00<\/td><td>47.83<\/td><td>37.19<\/td><td>42.83<\/td><\/tr><tr><td>15<\/td><td>Britannia Industries Ltd<\/td><td>4,628.85<\/td><td>1.22<\/td><td>88.97<\/td><td>60.85<\/td><td>3,324.24<\/td><td>5.35<\/td><td>42.82<\/td><td>38.01<\/td><td>56.47<\/td><\/tr><tr><td><\/td><\/tr><\/table><\/div>\n\n\n\n<ul>\n<li><b>CMP<\/b> &#8211; Current Market Price. The price per share when we drafted this article.<\/li>\n\n\n\n<li><b>Dividend Yield<\/b> &#8211; Dividend earnings on a percentage basis, the same is calculated on the CMP.<\/li>\n\n\n\n<li><b>EPS<\/b> &#8211; Earnings Per Share. The per-share earnings of the shareholder for his\/her holdings.<\/li>\n\n\n\n<li><b>P\/E<\/b> &#8211; Price to Earnings ratio, the well-known ratio used to evaluate a company&#8217;s valuation.<\/li>\n\n\n\n<li><strong>PB (x) PE <\/strong>&#8211; Price to Book Value multiplied by Price to Earnings ratio. A known ratio as used by Mr.Benjamin Graham (Father of Value Investing).<\/li>\n\n\n\n<li><strong>PEG&nbsp;<\/strong>&#8211; Price to Earnings Growth ratio, a well now ratio to determine if the company is valued in accordance to its growth aspect.<\/li>\n\n\n\n<li><strong>ROCE (5 Yrs)&nbsp;<\/strong>&#8211; Return of Capital Employed, 5 years average in percentage.<\/li>\n\n\n\n<li><strong>ROE (5 Yrs) <\/strong>&#8211; Return of Equity, 5 years average in percentage.<\/li>\n\n\n\n<li><b>Dividend Incomes<\/b> &#8211; Income an Investor can expect from the stock holdings, on a per-share basis.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dividend_Information_of_a_Company_Where_to_find\"><\/span><b>Dividend Information of a Company: Where to find?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>All the details regarding the dividend of stocks can be found on any of the major financial websites in India. Here are a few reliable financial websites to get more information:<\/p>\n\n\n\n<ul>\n<li><b>Investing.com<\/b><\/li>\n\n\n\n<li><b>MoneyControl.com<\/b><\/li>\n\n\n\n<li><b>Screener.com<\/b><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Thoughts\"><\/span><b>Final Thoughts:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An investor has to diversify his\/her portfolio into various asset classes such as Stocks, Bullion (Gold &amp; Silver), Bonds, and others. Likewise, while investing in Indian stocks. An investor has to invest in various sectors to build an all-weather portfolio. One that can withstand the covid pandemic like a market crash.<\/p>\n\n\n\n<p><strong>Either invest in Dividend paying stocks or Mutual funds such that you can create a separate source of income. <\/strong>But, when given the option to own a mutual fund that pays dividends or a fund that reinvests back into the holdings, choose the latter.<\/p>\n\n\n\n<p>As you can observe, most of the dividend-paying stock are the companies that are Public Sector Undertakings (<a href=\"https:\/\/rakshithpai.com\/best-psu-stocks-to-buy\/\">PSU<\/a>), The blue-chip company, and such other high cash-generating companies for they attract investors via their dividend track record. Whilst, the same cannot be done by the penny stocks (those companies with less market capitalization) for they fail to generate sufficient cash flow.<\/p>\n\n\n\n<p><strong>Although most of the above-mentioned company dividend yield seems favorable. Do not consider investing in all of them. Dividend stocks have to be considered due diligently. The consistency of dividend yield has to be given primary importance.<\/strong><\/p>\n\n\n\n<p>Happy learning! Any suggestions or queries, feel free to comment below. We\u2019ll be happy to assist. In our upcoming articles, we write about bonus paying stocks, how to check company cash flow, and much more. So, stick on!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Wish_to_Open_a_DEMAT_account\"><\/span><strong>Wish to Open a DEMAT account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Here it is &#8211; Just click on the bar below and proceed with your DEMAT account opening procedures.\u00a0<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-4 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/upstox.com\/open-account\/?f=FN1853\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Upstox Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Watch_the_YouTube_video_for_more_information\"><\/span><strong>Watch the YouTube video for more information:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe loading=\"lazy\" title=\"What is Dividend Investing and what are its Pros and Cons?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/a7qfjRCATu4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p><b>Disclaimer:<\/b> All the information on this website is published in good faith and for general information purpose only.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Also_read\"><\/span><strong>Also read:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><a href=\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/\" target=\"_blank\" rel=\"noreferrer noopener\">Yes Bank comes with a big NO?<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/diversified-asset-allocation-leads-to-wealth-creation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Diversified asset allocation leads to wealth creation.<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/capitalist-democracy-the-new-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">Capitalist Democracy &#8211; The new India<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/value-investing-the-charm-of-investing\/\" target=\"_blank\" rel=\"noreferrer noopener\">Value Investing &#8211; The charm of Investing:<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/bitcoin-the-next-global-currency\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin &#8211; The next Global currency?<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>What is a Dividend Investing? The dividend is the distribution of companies earnings to the shareholders. As per section 2(35) of the Companies Act 2013, the Dividend is the profit of the company not retained in the business. But, distributed among the shareholders in proportion to the shares held by them. The dividend shall be [&hellip;]<\/p>\n<div class='heateor_sss_sharing_container heateor_sss_vertical_sharing heateor_sss_bottom_sharing' style='width:44px;right: -10px;top: 100px;background-color: Dark Blue' data-heateor-sss-href='https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/1052'><div class=\"heateor_sss_sharing_ul\"><a aria-label=\"Facebook\" class=\"heateor_sss_facebook\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Frakshithpai.com%2Fwp-json%2Fwp%2Fv2%2Fposts%2F1052\" title=\"Facebook\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg\" style=\"background-color:#0765FE;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"100%\" height=\"100%\" viewBox=\"0 0 32 32\"><path fill=\"#fff\" d=\"M28 16c0-6.627-5.373-12-12-12S4 9.373 4 16c0 5.628 3.875 10.35 9.101 11.647v-7.98h-2.474V16H13.1v-1.58c0-4.085 1.849-5.978 5.859-5.978.76 0 2.072.15 2.608.298v3.325c-.283-.03-.775-.045-1.386-.045-1.967 0-2.728.745-2.728 2.683V16h3.92l-.673 3.667h-3.247v8.245C23.395 27.195 28 22.135 28 16Z\"><\/path><\/svg><\/span><\/a><a aria-label=\"Twitter\" class=\"heateor_sss_button_twitter\" href=\"http:\/\/twitter.com\/intent\/tweet?text=%20-%20Save%20-%20Invest%20-%20Repeat&url=https%3A%2F%2Frakshithpai.com%2Fwp-json%2Fwp%2Fv2%2Fposts%2F1052\" title=\"Twitter\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg heateor_sss_s__default heateor_sss_s_twitter\" style=\"background-color:#55acee;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"100%\" height=\"100%\" viewBox=\"-4 -4 39 39\"><path d=\"M28 8.557a9.913 9.913 0 0 1-2.828.775 4.93 4.93 0 0 0 2.166-2.725 9.738 9.738 0 0 1-3.13 1.194 4.92 4.92 0 0 0-3.593-1.55 4.924 4.924 0 0 0-4.794 6.049c-4.09-.21-7.72-2.17-10.15-5.15a4.942 4.942 0 0 0-.665 2.477c0 1.71.87 3.214 2.19 4.1a4.968 4.968 0 0 1-2.23-.616v.06c0 2.39 1.7 4.38 3.952 4.83-.414.115-.85.174-1.297.174-.318 0-.626-.03-.928-.086a4.935 4.935 0 0 0 4.6 3.42 9.893 9.893 0 0 1-6.114 2.107c-.398 0-.79-.023-1.175-.068a13.953 13.953 0 0 0 7.55 2.213c9.056 0 14.01-7.507 14.01-14.013 0-.213-.005-.426-.015-.637.96-.695 1.795-1.56 2.455-2.55z\" fill=\"#fff\"><\/path><\/svg><\/span><\/a><a aria-label=\"Linkedin\" class=\"heateor_sss_button_linkedin\" href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https%3A%2F%2Frakshithpai.com%2Fwp-json%2Fwp%2Fv2%2Fposts%2F1052\" title=\"Linkedin\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg heateor_sss_s__default heateor_sss_s_linkedin\" style=\"background-color:#0077b5;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"100%\" height=\"100%\" viewBox=\"0 0 32 32\"><path d=\"M6.227 12.61h4.19v13.48h-4.19V12.61zm2.095-6.7a2.43 2.43 0 0 1 0 4.86c-1.344 0-2.428-1.09-2.428-2.43s1.084-2.43 2.428-2.43m4.72 6.7h4.02v1.84h.058c.56-1.058 1.927-2.176 3.965-2.176 4.238 0 5.02 2.792 5.02 6.42v7.395h-4.183v-6.56c0-1.564-.03-3.574-2.178-3.574-2.18 0-2.514 1.7-2.514 3.46v6.668h-4.187V12.61z\" fill=\"#fff\"><\/path><\/svg><\/span><\/a><a aria-label=\"Whatsapp\" class=\"heateor_sss_whatsapp\" href=\"https:\/\/api.whatsapp.com\/send?text=%20-%20Save%20-%20Invest%20-%20Repeat https%3A%2F%2Frakshithpai.com%2Fwp-json%2Fwp%2Fv2%2Fposts%2F1052\" title=\"Whatsapp\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg\" style=\"background-color:#55eb4c;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"100%\" height=\"100%\" viewBox=\"-6 -5 40 40\"><path class=\"heateor_sss_svg_stroke heateor_sss_no_fill\" stroke=\"#fff\" stroke-width=\"2\" fill=\"none\" d=\"M 11.579798566743314 24.396926207859085 A 10 10 0 1 0 6.808479557110079 20.73576436351046\"><\/path><path d=\"M 7 19 l -1 6 l 6 -1\" class=\"heateor_sss_no_fill heateor_sss_svg_stroke\" stroke=\"#fff\" stroke-width=\"2\" fill=\"none\"><\/path><path d=\"M 10 10 q -1 8 8 11 c 5 -1 0 -6 -1 -3 q -4 -3 -5 -5 c 4 -2 -1 -5 -1 -4\" fill=\"#fff\"><\/path><\/svg><\/span><\/a><a aria-label=\"Copy Link\" class=\"heateor_sss_button_copy_link\" title=\"Copy Link\" rel=\"nofollow noopener\" href=\"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/1052\" onclick=\"event.preventDefault()\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg heateor_sss_s__default heateor_sss_s_copy_link\" style=\"background-color:#ffc112;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"100%\" height=\"100%\" viewBox=\"-4 -4 40 40\"><path fill=\"#fff\" d=\"M24.412 21.177c0-.36-.126-.665-.377-.917l-2.804-2.804a1.235 1.235 0 0 0-.913-.378c-.377 0-.7.144-.97.43.026.028.11.11.255.25.144.14.24.236.29.29s.117.14.2.256c.087.117.146.232.177.344.03.112.046.236.046.37 0 .36-.126.666-.377.918a1.25 1.25 0 0 1-.918.377 1.4 1.4 0 0 1-.373-.047 1.062 1.062 0 0 1-.345-.175 2.268 2.268 0 0 1-.256-.2 6.815 6.815 0 0 1-.29-.29c-.14-.142-.223-.23-.25-.254-.297.28-.445.607-.445.984 0 .36.126.664.377.916l2.778 2.79c.243.243.548.364.917.364.36 0 .665-.118.917-.35l1.982-1.97c.252-.25.378-.55.378-.9zm-9.477-9.504c0-.36-.126-.665-.377-.917l-2.777-2.79a1.235 1.235 0 0 0-.913-.378c-.35 0-.656.12-.917.364L7.967 9.92c-.254.252-.38.553-.38.903 0 .36.126.665.38.917l2.802 2.804c.242.243.547.364.916.364.377 0 .7-.14.97-.418-.026-.027-.11-.11-.255-.25s-.24-.235-.29-.29a2.675 2.675 0 0 1-.2-.255 1.052 1.052 0 0 1-.176-.344 1.396 1.396 0 0 1-.047-.37c0-.36.126-.662.377-.914.252-.252.557-.377.917-.377.136 0 .26.015.37.046.114.03.23.09.346.175.117.085.202.153.256.2.054.05.15.148.29.29.14.146.222.23.25.258.294-.278.442-.606.442-.983zM27 21.177c0 1.078-.382 1.99-1.146 2.736l-1.982 1.968c-.745.75-1.658 1.12-2.736 1.12-1.087 0-2.004-.38-2.75-1.143l-2.777-2.79c-.75-.747-1.12-1.66-1.12-2.737 0-1.106.392-2.046 1.183-2.818l-1.186-1.185c-.774.79-1.708 1.186-2.805 1.186-1.078 0-1.995-.376-2.75-1.13l-2.803-2.81C5.377 12.82 5 11.903 5 10.826c0-1.08.382-1.993 1.146-2.738L8.128 6.12C8.873 5.372 9.785 5 10.864 5c1.087 0 2.004.382 2.75 1.146l2.777 2.79c.75.747 1.12 1.66 1.12 2.737 0 1.105-.392 2.045-1.183 2.817l1.186 1.186c.774-.79 1.708-1.186 2.805-1.186 1.078 0 1.995.377 2.75 1.132l2.804 2.804c.754.755 1.13 1.672 1.13 2.75z\"\/><\/svg><\/span><\/a><a class=\"heateor_sss_more\" title=\"More\" rel=\"nofollow noopener\" style=\"font-size: 32px!important;border:0;box-shadow:none;display:inline-block!important;font-size:16px;padding:0 4px;vertical-align: middle;display:inline;\" href=\"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/1052\" onclick=\"event.preventDefault()\"><span class=\"heateor_sss_svg\" style=\"background-color:#ee8e2d;width:40px;height:40px;margin:0;display:inline-block!important;opacity:1;float:left;font-size:32px!important;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;display:inline;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box;\" onclick=\"heateorSssMoreSharingPopup(this, 'https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/1052', '%20-%20Save%20-%20Invest%20-%20Repeat', '' )\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"-.3 0 32 32\" version=\"1.1\" width=\"100%\" height=\"100%\" style=\"display:block;\" xml:space=\"preserve\"><g><path fill=\"#fff\" d=\"M18 14V8h-4v6H8v4h6v6h4v-6h6v-4h-6z\" fill-rule=\"evenodd\"><\/path><\/g><\/svg><\/span><\/a><\/div><div class=\"heateorSssClear\"><\/div><\/div>","protected":false},"author":1,"featured_media":1174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[12,10],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>15 Highest Dividend Paying Stocks in India 2023 -<\/title>\n<meta name=\"description\" content=\"Here&#039;s a complete explanation of dividend investing and an updated version of 15 best dividend-paying stocks in the Indian stock market for the year 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"15 Highest Dividend Paying Stocks in India 2023 -\" \/>\n<meta property=\"og:description\" content=\"Here&#039;s a complete explanation of dividend investing and an updated version of 15 best dividend-paying stocks in the Indian stock market for the year 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Iam.Mrpai\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-04T09:36:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-22T13:33:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2240\" \/>\n\t<meta property=\"og:image:height\" content=\"1260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rakshith Pai\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Iam_MrPai\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rakshith Pai\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/\",\"url\":\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/\",\"name\":\"15 Highest Dividend Paying Stocks in India 2023 -\",\"isPartOf\":{\"@id\":\"https:\/\/rakshithpai.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg\",\"datePublished\":\"2023-02-04T09:36:00+00:00\",\"dateModified\":\"2023-12-22T13:33:36+00:00\",\"author\":{\"@id\":\"https:\/\/rakshithpai.com\/#\/schema\/person\/5a10929466befdcdb3013e5341aeb693\"},\"description\":\"Here's a complete explanation of dividend investing and an updated version of 15 best dividend-paying stocks in the Indian stock market for the year 2023.\",\"breadcrumb\":{\"@id\":\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#primaryimage\",\"url\":\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg\",\"contentUrl\":\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg\",\"width\":2240,\"height\":1260,\"caption\":\"Dividend Investing\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/rakshithpai.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"15 Highest Dividend Paying Stocks in India 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/rakshithpai.com\/#website\",\"url\":\"https:\/\/rakshithpai.com\/\",\"name\":\"\",\"description\":\"Save - Invest - Repeat\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/rakshithpai.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/rakshithpai.com\/#\/schema\/person\/5a10929466befdcdb3013e5341aeb693\",\"name\":\"Rakshith Pai\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/rakshithpai.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/34b7459182e8fb8b80ca20098eb1e8a9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/34b7459182e8fb8b80ca20098eb1e8a9?s=96&d=mm&r=g\",\"caption\":\"Rakshith Pai\"},\"description\":\"An Investor, Entrepreneur by profession, and an Economist (Monetarist) by passion. Professional Investor in Equities and other assets. Here to spread the concept of \u201cSane Investing\u201d.\",\"sameAs\":[\"https:\/\/rakshithpai.com\",\"https:\/\/www.facebook.com\/Iam.Mrpai\",\"https:\/\/www.instagram.com\/iam_mrpai\",\"https:\/\/www.linkedin.com\/in\/iam-mrpai\",\"https:\/\/in.pinterest.com\/Iam_MrPai\",\"https:\/\/x.com\/Iam_MrPai\",\"https:\/\/www.youtube.com\/channel\/UC3vfc8G1sysZleCAKbytRFQ?view_as=subscriber\"],\"url\":\"https:\/\/rakshithpai.com\/author\/mrpai27\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"15 Highest Dividend Paying Stocks in India 2023 -","description":"Here's a complete explanation of dividend investing and an updated version of 15 best dividend-paying stocks in the Indian stock market for the year 2023.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/","og_locale":"en_US","og_type":"article","og_title":"15 Highest Dividend Paying Stocks in India 2023 -","og_description":"Here's a complete explanation of dividend investing and an updated version of 15 best dividend-paying stocks in the Indian stock market for the year 2023.","og_url":"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/","article_author":"https:\/\/www.facebook.com\/Iam.Mrpai","article_published_time":"2023-02-04T09:36:00+00:00","article_modified_time":"2023-12-22T13:33:36+00:00","og_image":[{"width":2240,"height":1260,"url":"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg","type":"image\/jpeg"}],"author":"Rakshith Pai","twitter_card":"summary_large_image","twitter_creator":"@Iam_MrPai","twitter_misc":{"Written by":"Rakshith Pai","Est. reading time":"13 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/","url":"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/","name":"15 Highest Dividend Paying Stocks in India 2023 -","isPartOf":{"@id":"https:\/\/rakshithpai.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#primaryimage"},"image":{"@id":"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#primaryimage"},"thumbnailUrl":"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg","datePublished":"2023-02-04T09:36:00+00:00","dateModified":"2023-12-22T13:33:36+00:00","author":{"@id":"https:\/\/rakshithpai.com\/#\/schema\/person\/5a10929466befdcdb3013e5341aeb693"},"description":"Here's a complete explanation of dividend investing and an updated version of 15 best dividend-paying stocks in the Indian stock market for the year 2023.","breadcrumb":{"@id":"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#primaryimage","url":"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg","contentUrl":"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg","width":2240,"height":1260,"caption":"Dividend Investing"},{"@type":"BreadcrumbList","@id":"https:\/\/rakshithpai.com\/best-dividend-paying-stocks-in-india\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/rakshithpai.com\/"},{"@type":"ListItem","position":2,"name":"15 Highest Dividend Paying Stocks in India 2023"}]},{"@type":"WebSite","@id":"https:\/\/rakshithpai.com\/#website","url":"https:\/\/rakshithpai.com\/","name":"","description":"Save - Invest - Repeat","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/rakshithpai.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/rakshithpai.com\/#\/schema\/person\/5a10929466befdcdb3013e5341aeb693","name":"Rakshith Pai","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/rakshithpai.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/34b7459182e8fb8b80ca20098eb1e8a9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34b7459182e8fb8b80ca20098eb1e8a9?s=96&d=mm&r=g","caption":"Rakshith Pai"},"description":"An Investor, Entrepreneur by profession, and an Economist (Monetarist) by passion. Professional Investor in Equities and other assets. Here to spread the concept of \u201cSane Investing\u201d.","sameAs":["https:\/\/rakshithpai.com","https:\/\/www.facebook.com\/Iam.Mrpai","https:\/\/www.instagram.com\/iam_mrpai","https:\/\/www.linkedin.com\/in\/iam-mrpai","https:\/\/in.pinterest.com\/Iam_MrPai","https:\/\/x.com\/Iam_MrPai","https:\/\/www.youtube.com\/channel\/UC3vfc8G1sysZleCAKbytRFQ?view_as=subscriber"],"url":"https:\/\/rakshithpai.com\/author\/mrpai27\/"}]}},"uagb_featured_image_src":{"full":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg",2240,1260,false],"thumbnail":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing-150x150.jpg",150,150,true],"medium":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing-300x169.jpg",300,169,true],"medium_large":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing-768x432.jpg",768,432,true],"large":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing-1024x576.jpg",1024,576,true],"1536x1536":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing-1536x864.jpg",1536,864,true],"2048x2048":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing-2048x1152.jpg",2048,1152,true],"web-stories-poster-portrait":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg",640,360,false],"web-stories-publisher-logo":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg",96,54,false],"web-stories-thumbnail":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/08\/DIvidend-Investing.jpg",150,84,false]},"uagb_author_info":{"display_name":"Rakshith Pai","author_link":"https:\/\/rakshithpai.com\/author\/mrpai27\/"},"uagb_comment_info":44,"uagb_excerpt":"What is a Dividend Investing? The dividend is the distribution of companies earnings to the shareholders. As per section 2(35) of the Companies Act 2013, the Dividend is the profit of the company not retained in the business. But, distributed among the shareholders in proportion to the shares held by them. The dividend shall be&hellip;","_links":{"self":[{"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/1052"}],"collection":[{"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/comments?post=1052"}],"version-history":[{"count":63,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/1052\/revisions"}],"predecessor-version":[{"id":8140,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/1052\/revisions\/8140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/media\/1174"}],"wp:attachment":[{"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/media?parent=1052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/categories?post=1052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/tags?post=1052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}