Coal India And 2 More High-Yield Dividend Stocks On Indian Exchange

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Coal India And 2 More High-Yield Dividend Stocks On Indian Exchange

The Indian market has shown impressive momentum, climbing 1.7% in the last 7 days and achieving a remarkable 46% gain over the past year, with earnings forecasted to grow by 17% annually. In this thriving environment, high-yield dividend stocks like Coal India and two others can offer investors a reliable income stream while benefiting from the market’s robust performance.

Top 10 Dividend Stocks In India

Name

Dividend Yield

Dividend Rating

Balmer Lawrie Investments (BSE:532485)

3.94%

★★★★★★

D. B (NSEI:DBCORP)

5.18%

★★★★★☆

HCL Technologies (NSEI:HCLTECH)

3.04%

★★★★★☆

VST Industries (BSE:509966)

3.16%

★★★★★☆

Indian Oil (NSEI:IOC)

8.08%

★★★★★☆

Bharat Petroleum (NSEI:BPCL)

6.02%

★★★★★☆

Redington (NSEI:REDINGTON)

3.05%

★★★★★☆

Balmer Lawrie (BSE:523319)

3.02%

★★★★★☆

Bank of Baroda (NSEI:BANKBARODA)

3.03%

★★★★★☆

PTC India (NSEI:PTC)

3.67%

★★★★★☆

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Underneath we present a selection of stocks filtered out by our screen.

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Coal India Limited, along with its subsidiaries, is involved in the production and marketing of coal and coal products in India, with a market cap of ₹3.32 trillion.

Operations: Coal India Limited generates revenue primarily from coal mining and services, amounting to ₹1.35 trillion.

Dividend Yield: 4.8%

Coal India Limited’s recent earnings report showed a net income of INR 109.59 billion for Q1 2024, reflecting steady growth. However, its dividend payments are not well covered by free cash flows despite a low payout ratio of 42%. The stock offers a high dividend yield at 4.8%, making it attractive among Indian market peers. Recent strategic alliances and ****** ventures indicate potential future growth, but past dividend volatility raises concerns about reliability.

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NSEI:COALINDIA Dividend History as at Aug 2024

Simply Wall St Dividend Rating: ★★★★★☆

Overview: HCL Technologies Limited provides software development, business process outsourcing, and infrastructure management services globally, with a market cap of ₹4.65 trillion.

Operations: HCL Technologies Limited’s revenue segments include $9.91 billion from IT and Business Services, $2.16 billion from Engineering and R&D Services, and $1.42 billion from HCL Software.

Dividend Yield: 3%

HCL Technologies has a robust dividend history with payments increasing over the past decade. Its recent strategic partnership extension with Xerox and the appointment of a new CFO, Shiv Walia, indicate ongoing corporate stability. Despite a high payout ratio of 85.7%, dividends are covered by earnings and free cash flows (64.3%). However, its dividend track record is somewhat volatile, though it ******** in the top 25% of Indian market payers at 3.04%.

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NSEI:HCLTECH Dividend History as at Aug 2024

Simply Wall St Dividend Rating: ★★★★★☆

Overview: PTC India Limited, with a market cap of ₹60.99 billion, engages in power trading across India, Nepal, Bhutan, and Bangladesh through its subsidiaries.

Operations: PTC India Limited generates revenue primarily from power trading, amounting to ₹159.67 billion, and its financing business, contributing ₹7.35 billion.

Dividend Yield: 3.7%

PTC India offers a compelling dividend yield of 3.67%, placing it in the top 25% of Indian market payers, with a payout ratio of 54%. Despite its volatile and unreliable dividend history, recent earnings growth—net income rising to ₹1.74 billion in Q1 2024 from ₹1.30 billion a year ago—suggests improved financial health. The company’s dividends are well-covered by both earnings and cash flows, although past instability ******** a concern for long-term reliability.

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NSEI:PTC Dividend History as at Aug 2024

Turning Ideas Into Actions

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NSEI:COALINDIA NSEI:HCLTECH and NSEI:PTC.

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#Coal #India #HighYield #Dividend #Stocks #Indian #Exchange

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