These stocks pays the highest dividend in India

Dividend refers to a reward - in cash, stock or some other form - that a company gives to its shareholders as part of their share of profits

though it is not obligatory on the companies' part to do so.

Indian companies also pay dividends, with the more established companies also representing the most regular dividend paying stocks

we have made list of Top 5 Highest Dividend Paying Stocks In India and you should at least once consider these stocks before investing anywhere else.

1. NMDC Limited

NMDC Limited (NMDC) is a company in the excavation sector.

The total valuation (market value) of the company is ₹40,295 crore.

The price of one share of the company is ₹ 136.10 in BSE market and ₹ 136.10 in NSE market.

PROS: – Company’s debt are going down. – Company is going to be debt free soon. – Company’s stock is trading at 1.13 times its book value – Company is giving a healthy dividend yield of 10.83%. – It is expected from the company to give good quarter. – Company’s profit growth of 19.78% CAGR over last 5 years (which is good). – Company’s dividend payout of 39.39%.

CONS: To know more click below