Top 10 Dividend Paying Stocks From NSE 500: Vedanta, Coal India, NMDC, IOC, Bharat Petroleum, And More

Top Dividend Paying Stocks: Steady income stream, reinvestment opportunities, tax advantage and potential capital appreciation are some of the key factors that fuel stock market investors' curiosity for high dividend-yielding stocks like Vedanta, Coal India, NMDC, Bharat Petroleum Corporation, Oil & Natural Gas Corporation, Bharat Petroleum Corporation, etc.

What Is A Dividend?

Dividend is the part of a company's profit that it announces to pay to the shareholders either in the form of cash or cash equivalents, or shares. Most of the stock market-listed companies announce dividends along with their quarterly results.

Top 10 Dividend-Paying Stocks in India: Vedanta, Coal India, NMDC, ONGC, Power Finance Corporation, etc

Here is the list of the top 10 dividend-paying companies in the NSE 500, curated by IDBI Capital in April. NSE 500 represents top 500 companies based on the full market capitalisation and average daily turnover based on the eligible universe.

Vedanta

Coal and mining major Vedanta leads the list of dividend-paying stocks with a dividend yield of 9.5%. The conglomerate has paid a total of Rs 52.5 dividends per equity share with a face value of Rs 1 to eligible shareholders in 2024.

The company had declared its fourth interim dividend of Rs 8.50 per equity share for financial year 2024-25, based on a face value of ₹1 per share. The record date for its last dividend was fixed at Rs 20 per share with a record date of September 10, 2024. The company had announced an interim dividend of Rs 4 per share in August last year.

Chennai Petroleum Corporation Limited

The NSE 500 company has a dividend yield of 9.2%. The company had declared a dividend of Rs 55 per equity share with a face value of Rs 10 on 19 July, 2024. Prior to that the firm had announced a dividend of Rs 27 per share in August, 2023.

Rites Ltd.

This NSE 500 company has a dividend yield of 7%. In January, the civil construction company had offered an interim dividend of Rs 1.9 per equity share with a face value of Rs 10. The company had reported a net profit of Rs 94.99 crore in the December quarter of the financial year 2024-25, against a net profit of Rs 859.60 crore reported in the September quarter.

Coal India

According to IDBI Capital's report, Coal India has a latest dividend yield of 6.6%. The company recently announced that its board of directors, in their meeting in May, will consider and recommend payment of the final dividend for the financial year 2024-25 after approval of shareholders. Earlier, the company had announced an interim dividend of Rs 5.60 per equity share with a face value of Rs 10. In November, it had announced an interim dividend of Rs 5.6 per equity share.

Gujarat Pipavav Port Ltd.

The company scrip has the latest dividend yield of 5.5%. In November, it had announced an interim dividend of Rs 4 per equity share with a face value of Rs 10 per share. It had also announced a final dividend of Rs 3.7 per equity share in August. Its net profit increased to Rs 93.99 crore for the December quarter against Rs 91.50 crore reported in the September quarter.

NMDC Limited

The minerals firm's latest dividend stands at 5.4%. The company had declared an interim dividend of Rs 2.3 per equity share with a face value of Rs 1 in March this year. It reported a net profit of Rs 1,943.51 crore in the December quarter, against Rs 1,268.96 crore reported in the September quarter of the financial year 2024-25.

Bharat Petroleum Corporation Ltd. (BPCL)

The refineries and marketing company has the latest dividend yield of 5.4%. In January, the company had reported an interim dividend of Rs 5 per equity share with a face value of Rs 1. The company reported a significant rise in its net profit in the December quarter to Rs 4,649.20 crore from Rs 2,397.23 crore reported in the September quarter.

Oil & Natural Gas Corporation Ltd (ONGC)

The Oil Exploration and Production company's latest dividend yield stands at 5.4%, according to IDBI Capital's report released in April. The company had announced a dividend of Rs 5 per equity share with a face value of Rs 5. It reported a significant decline in its net profit to Rs 8,239.92 crore in December quarter against Rs 11,984.02 crore reported in he September quarter.

Indian Oil Corporation Ltd

The refineries and marketing company's latest dividend yield stands at 5.3%. The company had announced a final dividend of Rs 7.00 per share with a face value of Rs 10.

REC Ltd

According to IDBI Capital's report, REC Ltd's latest dividend yield stands at 4.9%. The financial institution had announced an interim dividend of Rs 3.6 per equity share with a face value of Rs 10 in March this year.