Best High Dividend Stocks India 2024 | Dividend Stocks List

Hello investors!

Welcome to my Finance Blog!

Today, in this blog, I’m sharing high dividend stocks India that you can consider to add in your portfolio. Please note that there is no buying or selling recommendation. Always make sure to analyze and ask for advice from financial advisors before putting your hard-earned money in any financial instrument.

This blog aims to provide a dividend stocks list to get you started on your research for the best dividend stocks 2024. You can then analyze these and identify high dividend stock in India that align with your investment goals.

But wait!

Before checking the direct list of dividend stocks list, I recommend watching the video below. It will help you understand what to consider when choosing dividend stocks and why.

You will come to know how companies and investor’s mindsets before investing in high dividend stocks India. 

High Dividend Stocks India 2024

High Dividend Stocks India 2024 | Dividend Stocks List


Also Check: How To Analyse Undervalued Banking Stocks |Fundamental Analysis of Bank Stocks

10. NMDC National Mineral Development Corporation

The number 10 High Dividend Stocks India; we are talking about is a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India, NMDC is the single largest producer of iron ore in India with a contribution of around 18% of the total domestic production. The company has 7 Iron mines spread across India with a production capacity of up to 40 million tonnes per annum. 

9. PFC

At number 9, we kept PFC, among the high dividend stocks India. PFC is the public sector financing institution in India that focuses on funding the power sector and largest NBFC by Networth. A dominant player with around 20% market share with Highest Rating of AAA by Domestic Rating Agencies. The government of India holds a majority stake in PFC of 56%.


Another in our list of high dividend stocks India is an Indian state-owned natural gas processing and marketing company, GAIL. GAIL contributes 50% of the Natural Gas sold in India. During FY23, the Company also signed an investment agreement in the Fintech Sector. 

7. Indian Oil corporation

IOC is at number 7 in our dividend stocks list.  The company is a leader in the Oil refining & petroleum marketing sector of India. With 11 refineries across India, IOC has a total capacity of 80.60 million metric Tonnes Per Annum. Additionally, it possesses 32% of the total refining capacity of India.

6. Oil India

Oil India Ltd is engaged in the exploration, development, and production of crude oil and natural gas, transportation of crude oil, and production of LPG. The company is currently carrying out exploration activities in 29 Open Acreage Licensing Policy (OALP) blocks in the states of Assam, Arunachal Pradesh, Tripura, Nagaland, Odisha, Rajasthan, and offshore areas in Andaman. 


BPCL is among other high dividend stocks that are engaged in the business of refining crude oil and marketing petroleum products. The company owns 82 retail depots and operates 20,000 retail outlets across India. Presently, BCPL has a market share of around 26% in the domestic petroleum market.

4. Power Grid

A government-owned corporation in India responsible for electricity transmission. The company owns 85% of the interstate transmission network and carries 45% of the power generated in India.

3. RCF – Rashtriya Chemicals & Fertilizers Ltd

RCF is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. The company’s 75% holding is with the Government of India. If we talk from a ranking perspective, RFC is the fourth largest government-owned fertilizer producer in India, selling complex fertilizers, bio-fertilizers, micro-nutrients, and industrial chemicals like ammonia, methanol, and nitric acid. 


ONGC is the largest crude oil and natural gas Company in India, producing around 70% of the country’s crude oil and over 84% of its natural gas. The company is also dealing internationally through its ONGC Videsh is a wholly-owned subsidiary and takes care of international exploration & production operations. 

1. Coal India

Coal India, the world’s largest coal producer is at number 1 in our dividend stock list. Coal India is one of India’s largest employers with a workforce exceeding 270,000 people, which contributes around 80% of India’s total coal production. Operates through its subsidiaries in over 80 mining areas spread across eight states in India. 


I hope you find the above blog useful and get an idea about which are the high dividend stocks India. You can analyze high dividend stocks India and check which dividend stocks are aligned with your risk and after that only consider putting your money in that. 

DISCLAIMER: All the views shared in this video are my personal opinion and are only for learning and education. I’m not SEBI registered. The share market is subject to Market Risk.

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Hey, I'm Soniya Luthra (founder of, a Chartered Accountant and seasoned stock market expert with extensive experience in trading and fundamental analysis. As an active participant in the market, I'm passionate about using my expertise to provide clear, actionable insights and guidance, helping readers make informed financial decisions.

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