High Dividend Paying Stocks – Average Indian Investors are risk adverse. They look for stable and consistent return. This is the prime reason that fixed deposit and small saving schemes are most popular investment option in India. Individuals stay away from stock market as they are afraid of up down of stock market. You may not invest in High Value stocks which gave 70% return, but you can invest in stocks that give high dividend as a steady income to investors. So, here is high dividend paying stocks.
Top High Dividend Paying Stocks
Oracle Fin Serv
Oracle Fin Serv is a software company. The company is consistent dividend paying company. Stock of this company is at high value. For the year ending March 2015, Oracle Financial Services Software has declared an equity dividend of 13300.00% amounting to Rs 665 per share. Dividend yield of this share is highest 16.7%.
Noida Toll
Noida Toll is a company that has built the Delhi Noida Toll Bridge. The company is a good profit making and consistent dividend paying company. Noida Toll has declared an equity dividend of 30.00% amounting to Rs 3 per share. At the current share price of Rs 24.65 this result in a dividend yield of 12.17%.
Sasken Communication
Sasken Communication is again IT company providing software solution and communication devices. Sasken Communication has declared an equity dividend of 270.00% amounting to Rs 27 per share. At the current share price of Rs 247 this result in a dividend yield of 10.8%.
NMDC
NMDC is mineral producer company. For the year ending March 2015, NMDC has declared an equity dividend of Rs 8.5 per share. Dividend yield of this share is 9%.
India Bull Ventures
India Bull Ventures is leading online stock trading company. This company has record of declaring multiple interim dividend. This year company has paid dividend of Rs 3 per share. Dividend yield is 9.16%
Mannapuram Finance
Mannapuram Finance is in business of providing finance against gold. Manappuram Finance has a track record of paying very good dividends to investors. This year company has paid dividend of Rs 1.8 per share. Dividend yield is 7.8%
Syndicate Bank
Syndicate Bank is another stock which provides good dividend to investor. For the year ending March 2015, Syndicate Bank has declared an equity dividend of Rs 4.7 per share. Dividend yield of this share is 6%.
Final Thoughts
All above stocks are analyzed on basis of dividend paid by them and not on the basis of fundamentals. These stock may not be best from the investment return prospective.
I have assumed that these companies will retain the similar type of dividend year on year.
What is your views on above stock? Do you invest in Top High Dividend Paying Stocks?
