Best Dividend Stocks India - For Big Profits in 2024

Dividend stocks in India offer a unique opportunity for investors to benefit from one of the fastest-growing economies in the world while earning consistent income. India’s diverse market, which spans sectors like technology, pharmaceuticals, energy, and consumer goods, provides a wide range of companies committed to rewarding shareholders with regular dividends. With its growing middle class, strong domestic demand, and increasing global presence, India is an attractive destination for investors seeking both growth and stability. We’ll explore some of the best dividend stocks in India and why this dynamic market is worth considering for dividend-focused investors.

StockDividend YieldPay-out RatioP/E RatioP/B RatioROE5y Dividend Growth10y Dividend Growth
Infosys2.65%70.72%27.99%8.38%0.32%-5.23%-6.25%
Halliburton2.11%23.36%10.97%2.71%0.26%-2.33%2.00%
Abbott India1.44%0.00%47.04%17.16%0.38%96.10%23.91%
ACC0.33%0.00%19.28%2.63%0.14%-9.22%-11.10%
Akzo Nobel India3.98%0.00%38.15%11.64%0.32%24.19%12.51%
Ambuja Cements0.40%0.00%36.84%2.95%0.12%4.56%-3.58%
Asian Paints1.31%0.00%51.78%13.13%0.25%24.29%-3.47%
Bajaj Finserv0.06%0.00%30.12%3.75%0.11%-1.78%0.65%
ITC2.91%0.00%28.79%7.86%0.28%11.18%5.24%
Maruti Suzuki India1.13%0.00%24.72%3.89%0.17%2.38%27.38%
HDFC Life Insurance0.32%0.00%80.66%8.75%0.11%0.00%0.00%
Hindustan Unilever1.37%0.00%56.80%11.49%0.20%13.75%13.28%
Tata Consultancy Services1.53%56.51%32.81%15.34%0.51%29.87%16.34%
Larsen & Toubro0.75%0.00%38.16%5.78%0.15%-17.81%-6.95%
Maruti Suzuki India1.13%0.00%24.72%3.89%0.17%2.38%27.38%
Hindustan Unilever1.37%0.00%56.80%11.49%0.20%13.75%13.28%
Infosys2.65%70.72%27.99%8.38%0.32%-5.23%-6.25%
Tata Consultancy Services1.53%56.51%32.81%15.34%0.51%29.87%16.34%
Larsen & Toubro0.75%0.00%38.16%5.78%0.15%-17.81%-6.95%
Hindalco Industries0.53%0.00%11.74%1.27%0.12%0.00%0.00%
Maruti Suzuki India1.13%0.00%24.72%3.89%0.17%2.38%27.38%
Jubilant FoodWorks0.18%0.00%110.37%19.86%0.18%-13.65%0.00%
Divi's Laboratories0.49%0.00%88.91%11.89%0.14%24.57%7.18%
Medicamen Biotech0.23%0.00%80.30%2.59%0.03%0.00%0.00%
Meera Industries0.56%0.00%29.20%3.37%0.12%0.00%0.00%