Best Monthly Dividend Paying Stocks In India - Top 10 Stocks (2024)

The table below shows the Monthly Dividend Paying Stocks In India on 1-Year Returns.

NameClose PriceDividend Yield %1Y Return %EPS (Q)
Union Bank of India Ltd148.851.85105.174.89
Britannia Industries Ltd4971.501.487.2123.11
Balkrishna Industries Ltd2297.500.69-0.2115.80
Supreme Industries Ltd4054.200.6352.6720.17
Happiest Minds Technologies Ltd841.950.610.073.98
Punjab National Bank123.900.52142.942.21
Polycab India Ltd4307.350.4643.7827.50
Dalmia Bharat Ltd2127.200.4310.4314.02
Dr. Lal PathLabs Ltd2451.900.2524.589.77
Indian Hotels Company Ltd532.950.1966.733.18

Best Monthly Dividend Stocks India

Punjab National Bank

The market capitalization of Punjab National Bank is ₹136,866.92. Its dividend yield stands at 0.52%. Over the past year, it has seen a return of 142.94%. Currently, it’s trading at approximately 179.05%, away from its 52-week high. The earnings per share (Q) are ₹2.21.

Punjab National Bank (PNB), headquartered in India, operates across Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. Its product range encompasses personal, corporate, international, and capital services. Personal offerings feature deposits, loans, housing projects, and government initiatives.

Corporate services include loans, forex, cash management, and export support. International solutions span FX, NRI services, travel cards, and trade finance. Capital services entail depository, mutual funds, merchant banking, and blocked amount applications.

Britannia Industries Ltd

The market capitalization of Britannia Industries is ₹117,436.54. Its dividend yield is 1.48%, with a 1-year return of 7.21%. The stock is currently trading 19.71% below its 52-week high. Its quarterly EPS is ₹23.11.

Britannia Industries Ltd., an Indian food company, focuses on manufacturing and selling various food items. Its product range encompasses biscuits, dairy, breads, rusk, cakes, and snacks. Popular biscuit brands include Good Day, Marie Gold, NutriChoice, and Milk Bikis.

Dairy offerings include cheese, paneer, Dahi, ghee, and Dairy Whitener. Bread varieties include gourmet, white, and wheat flour bread, featuring options like Fruit Bun and Choco Bread. Cake selections include Gobbles, Fudge, and Nuts & Raisin Romance Cake. Snacking options comprise Treat Croissant, Creme Wafers, and Time Pass Salted Snacks.

Union Bank of India Ltd

The market capitalization of Union Bank of India Ltd is ₹110,779.04. Its dividend yield is 1.85%, with a remarkable 1-year return of 105.17%. The stock is trading at a significant 146.64% below its 52-week high. The quarterly EPS stands at ₹4.89.

Union Bank of India Ltd., headquartered in India, operates through segments like Treasury Operations, Corporate and Wholesale Banking, Retail Banking Operations, and Other Banking Operations. It provides diverse banking services, including account options, trade finance, loan syndication, insurance products, NRI banking, and remittance services.

Indian Hotels Company Ltd

The market capitalization of The Indian Hotels Company Ltd is ₹74,744.43. Its dividend yield is 0.19%, while the 1-year return stands at 66.73%. Currently, the stock is trading 78.72% below its 52-week high. The quarterly EPS is ₹3.18.

The Indian Hotels Company Limited, based in India, specializes in hospitality services, owning, operating, and managing hotels, palaces, and resorts. Its diverse portfolio includes premium brands like Taj, Vivanta, and Ginger and various F&B, wellness, and lifestyle offerings.

With Taj as its flagship brand, the company boasts about 100 hotels, 81 operational and 19 in the pipeline. Ginger, another brand, features around 85 hotels in 50 locations, including 26 under development. Additionally, its culinary and food delivery services, accessible through the Qmin app, cater to approximately 24 cities and are complemented by offline outlets such as Qmin Shops, Qmin QSR, and Qmin food trucks.

Polycab India Ltd

The market capitalization of Polycab India Ltd is ₹64,878.28. With a dividend yield of 0.46%, the company achieved a 1-year return of 43.78%. Presently, the stock is trading 56.41% below its 52-week high. Its quarterly EPS is ₹27.50.

Polycab India Limited specializes in wire and cable production and operates across three main sectors: wires and cables, fast-moving electrical goods (FMEG), and other services. FMEG covers various electrical products like fans, LED lighting, switches, and solar equipment.

The company also undertakes engineering, procurement, and construction projects, with 25 manufacturing facilities spread across Gujarat, Maharashtra, Uttarakhand, and Daman.

Supreme Industries Ltd

The market capitalization of Supreme Industries Ltd is ₹52,199.79. It offers a dividend yield of 0.63% and a commendable 1-year return of 52.67%. Currently, the stock is trading 66.76% below its 52-week high. Its quarterly EPS stands at ₹20.17.

Supreme Industries Limited, a plastic products manufacturer, operates in four segments: Plastic piping, Industrial, Packaging, and Consumer products. Its offerings include uPVC pipes, PVC fittings, HDPE pipe systems, furniture, industrial components, and composite LPG cylinders. With 28 facilities nationwide, it offers a diverse range of plastic products in India.

Balkrishna Industries Ltd

The market capitalization of Balkrishna Industries Ltd is ₹44,685.27. Its dividend yield is 0.69%, while its 1-year return is -0.21%. Currently, the stock is trading 20.36% below its 52-week high. The quarterly EPS is ₹15.80.

Balkrishna Industries Limited, an Indian company, specializes in manufacturing and selling off-highway tires (OHT) for various sectors like agriculture, industry, construction, mining, forestry, and all-terrain vehicles (ATV).

Its products serve various applications, including agricultural machinery, industrial equipment, and off-road vehicles like dump trucks and mining vehicles.

Dalmia Bharat Ltd

The market capitalization of Dalmia Bharat Ltd is ₹39,391.57. Its dividend yield stands at 0.43%, while it has recorded a 1-year return of 10.43%. Presently, the stock is trading 24.64% below its 52-week high. Its quarterly EPS is ₹14.02.

Dalmia Bharat Limited, an Indian cement manufacturer, primarily sells various grades of cement and related products through its Cement division and Other segments, which include investment and management services.

Its specialty cements cater to diverse needs, such as construction for railways, oil wells, and nuclear power plants. Brands include Dalmia DSP, Konark, and Dalmia Magic.

Dr. Lal PathLabs Ltd

The market capitalization of Dr. Lal PathLabs Ltd is ₹20,101.70. Its dividend yield stands at 0.25%, while it has recorded a 1-year return of 24.58%. Presently, the stock is trading 39.15% below its 52-week high. Its quarterly EPS is ₹9.77.

Dr. Lal PathLabs Limited, based in India, specializes in providing diagnostic and healthcare services. Their laboratories conduct various pathological investigations covering biochemistry, hematology, histopathology, microbiology, electrophoresis, immuno-chemistry, immunology, virology, cytology, radiology, and more.

Tests cover allergies, diabetes, viral infections, cancer, and heart diseases. Subsidiaries include Paliwal Diagnostics Private Limited, Paliwal Medicare Private Limited, and Dr. Lal PathLabs Nepal Private Limited.

Happiest Minds Technologies Ltd

The market capitalization of Happiest Minds Technologies Ltd is ₹12,713.03. With a dividend yield of 0.61%, it has seen a modest 1-year return of 0.07%. Currently, the stock is trading 10.31% below its 52-week high. Its quarterly EPS stands at ₹3.98.

Happiest Minds Technologies Ltd., headquartered in India, specializes in digital transformation IT consulting and services. Its divisions include Infrastructure Management & Security Services (IMSS), Digital Business Solutions (DBS), and Product Engineering Services (PES). IMSS caters to mid-sized enterprises and tech firms with support and security services.

DBS concentrates on digital modernization and application development, while PES provides digital foundry, platform, and device engineering solutions across various digital technologies like RPA, SDN/NFV, big data analytics, IoT, cloud, BPM, and security.

Monthly Dividend Stocks India – FAQ

1. What are the highest-paying monthly dividend stocks?

Highest Paying Monthly Dividend Stocks #1: Punjab National Bank

Highest Paying Monthly Dividend Stocks #2: Britannia Industries Ltd

Highest Paying Monthly Dividend Stocks #3: Union Bank of India Ltd

Highest Paying Monthly Dividend Stocks #4: Indian Hotels Company Ltd

Highest Paying Monthly Dividend Stocks #5: Polycab India Ltd

The stocks mentioned are ranked according to the highest market cap and monthly dividend.

2. What are the 10 best stocks that pay dividends?

The top 10 dividend-paying stocks are as follows: Punjab National Bank, Britannia Industries Ltd, Union Bank of India Ltd, Indian Hotels Company Ltd, Polycab India Ltd, Supreme Industries Ltd, Balkrishna Industries Ltd, Dalmia Bharat Ltd, Dr. Lal PathLabs Ltd, and Happiest Minds Technologies Ltd.

3. What are the 5 highest dividend-paying stocks?

According to dividend yield, the following five stocks stand out: Union Bank of India Ltd, Britannia Industries Ltd, Balkrishna Industries Ltd, Supreme Industries Ltd, and Happiest Minds Technologies Ltd.

4. How do I find the best dividend stock?

To find the best dividend stock, through thorough research and analysis, assess factors such as dividend yield, payout ratio, dividend history, company stability, growth prospects, and overall financial health.

We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

Best Monthly Dividend Paying Stocks In India - Top 10 Stocks (2024)

FAQs

Which company gives highest dividend every month in India? ›

1. Punjab National Bank: The list of the highest dividend-paying Stocks in India starts with Punjab National Bank. It's known for its steady dividends despite the changing banking sector. With the current share price at Rs 124.40, the dividend yield for PNB amounts to 0.52%.

What stock pays the best monthly dividends? ›

7 Best Monthly Dividend Stocks to Buy Now
Monthly Dividend StockMarket capitalizationTrailing-12-month dividend yield
Permian Basin Royalty Trust (PBT)$555 million5.8%
PennantPark Floating Rate Capital Ltd. (PFLT)$701 million10.8%
Agree Realty Corp. (ADC)$5.9 billion5.0%
Dynex Capital Inc. (DX)$775 million9%
3 more rows
May 6, 2024

What are the 10 best stocks that pay dividends? ›

The 10 Best Dividend Stocks
  • Comcast Corp Class A. (CMCSA)
  • Medtronic PLC. (MDT)
  • Verizon Communications Inc. (VZ)
  • Dow Inc. (DOW)
  • Altria Group Inc. (MO)
May 3, 2024

How to get monthly dividend income in India? ›

Best Monthly Income Plans You Should Consider
  1. Senior Citizen Saving Scheme.
  2. Post Office Monthly Income Scheme.
  3. Long-Term Government Bonds.
  4. Corporate Deposits.
  5. Monthly Income Plans.
  6. Pradhan Mantri Vaya Vandana Yojana.
  7. Life Insurance Plus Saving.
  8. Systematic Withdrawal Plans.
Apr 2, 2024

Which stock pays dividends monthly in India? ›

Best Monthly Dividend Paying Stocks in India
NameClose PriceDividend Yield %
Balkrishna Industries Ltd2297.500.69
Supreme Industries Ltd4054.200.63
Happiest Minds Technologies Ltd841.950.61
Punjab National Bank123.900.52
6 more rows

Which stocks in India pay highest dividend? ›

List of Highest Dividend Paying Stocks In India 2024
CompanyDividend Percentage %Ex-Date
Hero Motocorp3750.00 (+ Special 1250.00) = 5000.0021-02-2024
Oracle Fin Serv4800.0007-05-2024
CRISIL2800.0028-03-2024
HUL2400.0014-06-2024
18 more rows

How do I make $1000 a month in dividends? ›

To have a perfect portfolio to generate $1000/month in dividends, one should have at least 30 stocks in at least 10 different sectors. No stock should not be more than 3.33% of your portfolio. If each stock generates around $400 in dividend income per year, 30 of each will generate $12,000 a year or $1000/month.

What are the three dividend stocks to buy and hold forever? ›

The S&P 500 Dividend Aristocrats
CompanyTickerSector
Church & DwightCHDConsumer Staples
Cardinal HealthCAHHealthcare
International Business MachinesIBMInformation Technology
CaterpillarCATIndustrials
63 more rows

Does Coca-Cola pay monthly dividends? ›

The Coca-Cola Company's ( KO ) ex-dividend date is June 14, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. The Coca-Cola Company ( KO ) pays dividends on a quarterly basis. The next dividend payment is planned on July 1, 2024 .

What is the safest dividend stock? ›

Top 25 High Dividend Stocks
TickerNameDividend Safety
ENBEnbridgeSafe
EPDEnterprise Products PartnersSafe
VZVerizonSafe
TAT&TBorderline Safe
6 more rows
May 10, 2024

What are the three best dividend stocks? ›

If you have an extra $100 to invest, you could set yourself up with dividends from Realty Income (NYSE: O), Altria Group (NYSE: MO), or Pfizer (NYSE: PFE). All three of these dividend payers have long histories of steady annual dividend raises. Plus, they offer yields above 5% at recent prices.

What is the best investment to get monthly income? ›

Performance of Top 10 Investment Plans for Monthly Income
Investment PlanExpected Annual ReturnsRisk Level
Debt Mutual Funds6-8%Moderate
Equity Mutual Funds with Dividend Options10-12%High
Post Office Monthly Income Scheme (POMIS)7.6% (current rate)Low
Corporate Fixed Deposits7-9%Moderate
6 more rows
7 days ago

Which stock pays dividends monthly? ›

10 Highest Monthly Dividend-Paying Stocks in India
Stock NameIndustry
Union Bank of IndiaBanking
Britannia IndustriesFood
Polycab IndiaFMEG
Punjab National BankBanking
6 more rows
Sep 12, 2023

What is the safest investment with the highest return in India? ›

1. Fixed Deposit (FD) Offering a much higher interest rate than a regular savings account, fixed deposits with banks are still considered one of the safest investments.

Which stock will boom in 2024? ›

Best Stocks to Invest in India 2024
S.No.Top 5 StocksIndustry/Sector
1.Tata Consultancy Services LtdIT - Software
2.Infosys LtdIT - Software
3.Hindustan Unilever LtdFMCG
4.Reliance Industries LtdRefineries
1 more row
May 6, 2024

Which dividends pay monthly? ›

  • Realty Income Corporation (NYSE:O) Dividend Yield as of February 12: 5.61% ...
  • Main Street Capital Corporation (NYSE:MAIN) Dividend Yield as of February 12: 5.83% ...
  • Apple Hospitality REIT, Inc. ...
  • LTC Properties, Inc. ...
  • Gladstone Commercial Corporation (NASDAQ:GOOD) ...
  • EPR Properties (NYSE:EPR) ...
  • PennantPark Floating Rate Capital Ltd.
May 13, 2024

Is dividend given every month in India? ›

Dividends are normally paid quarterly, while some are given annually, and a few are paid monthly.

Which fund gives monthly dividends? ›

List of Dividend Yield Mutual Funds in India
Fund NameCategoryRisk
HDFC Dividend Yield FundEquityVery High
Templeton India Equity Income FundEquityVery High
Aditya Birla Sun Life Dividend Yield FundEquityVery High
LIC MFDividend Yield FundEquityVery High
7 more rows

What is the cheapest stock with the highest dividend in India? ›

High dividend Penny stocks
S.No.NameCMP Rs.
1.Castrol India193.80
2.Easy Trip Plann.44.30
3.Motherson Wiring69.25
4.IIFL Securities181.65
23 more rows

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