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Best Dividend Paying Stocks for the Long-term in India

This article is about Best Dividend Paying Stocks for the Long-term in India. Unlike the USA and other foreign countries, dividends are not paid monthly or quarterly in India, Instead most companies tend to issue an interim dividend and a Final Dividend. Most of the Indian Companies declare dividends Annually. Rarely we see any Indian company issuing more than 3 Dividends in a Year.

If You want to know What is a Dividend? Why it is issued? How to Pick Dividend Paying Stock? Important Dates regarding Dividend Payment, then you can check Our Detailed Post on Dividends.

Why Dividends Are Important To The Portfolio?

Dividends are Actual income. 

Since dividends are directly transferred to the bank account of the Shareholders, they provide investors with consistent realized income. Gains through Price Increase are not realized until you actually sell shares of stock. These price gains can disappear by a drop in stock prices. Thatswhy Long term Investors give heavy Weightage to Dividend paying Companies in their portfolio.

Also, Dividends tend to steadily grow over time. Well-established companies that pay dividends typically increase their dividend payouts from year to year. 

best dividend paying stocks in india
best dividend-paying stocks for the long-term
Best Dividend Paying Stocks to Buy In India

Best Dividend Paying Stocks for the Long-term in India

Here is table of Best Dividend Paying Stocks for the long-term in India:

Company NameSectorDividend Per Share (in Rs.) In Last 12 MonthsDiv. Yield %Div. Payout %
Coal IndiaMining19.59.060.44
Hindustan Zinc Mining37.87.441.02
IOCLOil & Gas11.759.060.44
Oil IndiaOil & Gas10.611.20.3
ONGCOil & Gas56.420.58
CESC Ltd.Electric Utilities65100.6
ITC Ltd.FMCG10.155.440.81
GAILGas Distribution8.96.530.44
Power GridPower155.710.48
TCSIT Services733.190.85
National AluminiumAluminium2.757.50.48
GMDCMining24.30.3
SJVN Ltd.Renewable2.29.40.52
NMDCMining5.35.650.45
Castrol IndiaChemicals5.54.60.66
BPCLOil & Gas16.54.091.06

How to find Dividend Information of a stock?

Nowadays, There are many sites from which you can get the dividend history of a particular stock just by entering the name of the stock. Some of these are:

You just need to enter the Name of the stock and visit the corporate Actions Tab of respective Stock’s Data. There you can find its detailed Dividend History.

Best Dividend Paying Stocks for the Long-term in India

Dividend Paying Penny Stocks

Penny Stocks are those stocks which have a very low price and has a low market capitalization. While there is no simple definition, penny stocks in India generally trade at Rs 0.05 to Rs 20 per share. Some of these Penny Stocks pay dividends also. Here is a list of Dividend Paying Penny Stocks in India:-

Company NameMarket Price in INR (2020)Dividend Amount (in Rs.)
IL&FS Investment Managers Ltd.40.6
DiGiSPICE Technologies Ltd.8.80.45
Energy Development Company Ltd.90.50
Dividend Paying Penny Stocks in India

ITC Dividend History

ITC Ltd. is one of the best dividend paying stocks in India. It has declared 21 dividends since July 3, 2001. In the past 12 months, ITC Ltd. has declared an equity dividend amounting to Rs 10.15 per share.

The ITC Stock has maintained an Approximate Dividend yield of 4-6% over the Past few Years.

DateDividend Amount (Rs)Dividend Type
22 Feb 20215Interim
6 Jul 202010.15FINAL
22 May 20195.75FINAL
25-May-185.15FINAL
5-Jun-174.75FINAL
30-May-168.5FINAL
3-Jun-156.25FINAL
3-Jun-146FINAL
31-May-135.25FINAL
11-Jun-124.5FINAL
10-Jun-114.45FINAL
9-Jun-1010FINAL
13-Jul-093.7FINAL
16-Jul-083.5FINAL
16-Jul-073.1FINAL
10-Jul-062.65FINAL
18-Jul-0531FINAL
19-Jul-0420FINAL
14-Jul-0315FINAL
ITC Dividend History

NMDC Dividend History

National Mineral Development Corporation Ltd. has declared over 39 Dividends since 2002. In the last 12 months, the company has declared dividend amounting to Rs 7.76 per share.

DateDividend Amount (Rs.)Dividend Type
March 22, 20217.76INTERIM
Feb. 18, 20205.29INTERIM
March 22, 20195.52INTERIM
March 27, 20184.30INTERIM
Sept. 14, 20171.00FINAL
March 16, 20174.15INTERIM
March 30, 20161.50INTERIM
Feb. 24, 20169.50INTERIM
Sept. 21, 20151.30FINAL
Feb. 18, 20154.25INTERIM
Nov. 13, 20143.00INTERIM
Feb. 17, 20145.50INTERIM
NMDC Dividend History

Coal India Dividend History

Coal India Ltd. has declared 16 dividends since Feb. 18, 2011. In the past 12 months, Coal India Ltd. has declared an equity dividend amounting to Rs 12.50 per share.

Coal India Stock has maintained an Approximate Dividend yield of 10-12% over the Past Few Years.

Ex-DateDividend Amount (Rs)Dividend Type
15 March 215INTERIM
19 Nov 207.5INTERIM
19 March 2012INTERIM
22 March 195.85INTERIM
28 Dec 20187.25INTERIM
16-Mar-1816.5INTERIM
27-Mar-171.15INTERIM
14-Mar-1718.75INTERIM
14-Mar-1627.4INTERIM
3-Mar-1520.7INTERIM
Jan. 17, 201429INTERIM
Sept. 6, 20134.3FINAL
18-Mar-139.7INTERIM
Sept. 6, 20120.5FINAL
15-Mar-129.5INTERIM
Sept. 8, 20110.4FINAL
Feb. 18, 20113.5INTERIM
Coal India Dividend History
Best Dividend Paying Stocks for the Long-term in India

IOC Dividend History

Indian Oil Corporation Ltd. has declared 31 dividends since Aug. 27, 2001. In the past 12 months, Indian Oil Corporation Ltd. has declared an equity dividend amounting to Rs 10.5 per share.

IOC Stock has maintained an Approximate Dividend yield of 10-12% over the Past Few Years.

DateDividend AmountDividend Type
23 March 213INTERIM
9 Feb 217.5INTERIM
23-Mar-204.25INTERIM
21 Aug 20191FINAL
27-Mar-191.5INTERIM
21 Dec 20186.75INTERIM
Aug. 20, 20182FINAL
Feb. 8, 201819INTERIM
Aug. 18, 20171FINAL
Mar. 24, 20174.5INTERIM
Feb. 9, 201713.5INTERIM
Sept. 2, 20168.5FINAL
Feb. 23, 20165.5INTERIM
Sept. 4, 20156.6FINAL
Aug. 14, 20148.7FINAL
Aug. 22, 20136.2FINAL
Sept. 5, 20125FINAL
Sept. 15, 20119.5FINAL
Sept. 8, 201013FINAL
Sept. 2, 20097.5FINAL
Sept. 9, 20085.5FINAL
Sept. 10, 200713FINAL
Dec. 26, 20066INTERIM
Sept. 7, 200612.5FINAL
Sept. 8, 200510FINAL
Dec. 29, 20044.5INTERIM
Aug. 23, 200416FINAL
Jan. 1, 20045INTERIM
Sept. 18, 200316FINAL
Feb. 3, 20035INTERIM
IOC Dividend History

So, This was all about Best Dividend Paying Stocks for the long-term in India. If you’ve any doubt or suggestion regarding the Article, Comment Down Below.

You can check the Upcoming Dividends in India in 2021 HERE.

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