Best Dividend Paying Stocks in India

Investors desire high return on investment. This is the reason why majority focus on capital appreciation.

Less people prefer to buy stocks for dividend income. Some even find it surprising that there are investors who invest in stocks just for dividends.

It is a fact, capital appreciation is more desirable among masses than dividend yield. Why?

The reason is simple, dividend yields of stocks are low compared to potential price appreciation.

The values that we hear about price appreciation is like 12% per annum. Whereas, dividend yield values of more than 3% is rare.

But it is important to note that, price appreciation is less certain as compared to dividend yield.

Champion investors love dividend paying stocks, why? What makes top dividend paying stocks so likeable?

High growth rate is a priority for majority. But expert investors prefer to have a balanced portfolio. Portfolio focusing only on capital appreciation is not good. Inclusion of dividend paying stocks has a balancing effect on ones investment portfolio.

Passive Income – Dividend

Expert investors also love passive income. There are less better passive income source than dividend paying stocks.

Dividend income is one of the most desirable passive income source. People who believe in it, also loves stocks that pay dividends. Passive income in form of dividend is like an assured income.

Whereas capital appreciation (potential high growth) is not as assured.

For passive income lovers, it is essential to keep a track of the highest dividend paying stocks.

If it is so, it means any company which pay high dividends becomes a good buy?

All dividend paying stocks are not good?

Not all stocks that pays dividends are best.

If the criteria is only assured income, all consistent dividend paying stocks must be a good buy, right?

Dividend focused investors like to have one more check.

Consistent dividend payout by companies are great, but it must also show growth. Dividend which grows year after year makes it even more likeable.

Is it possible for companies to pay growing-dividends to its shareholders?

Yes, but to identify such companies investors must look into their financial reports.

Dividend payment is a process by which companies share its net profit with its shareholders. When companies increase their dividend payouts, it is actually giving a hint that its profits are improving.

Growing dividend payout, year after year, is an indication of a fundamentally strong company.

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Assured cash flow and dividend payout

These companies are more confident about its future cash flows. Hence they dare to distribute large amount of PAT as dividends.

P.Note: Dividend yield at point of purchase may be low. But over a period of time, with growing net profits, dividend yield will also improve.

Good dividend stocks offer 2 clear benefits to its investors.

 – First, they generate short term income. This income is both consistent and also grows.

 – Secondly, they also provide capital appreciation when held for long term. High inflation rate in India, makes other risk-free investments less lucrative.

As dividends are tax free, it clearly enjoys advantage over other risk-free options.

The fact that dividend stocks can also provide capital appreciation makes them so special.

#1. Benefits

Till now we have read in general, why experts like dividend paying stocks. Lets discuss few more facts about dividend paying stocks that will further substantiate its credibility as a good investment option.

#1.1 Price of Dividend Paying Stocks are Stable

Dividend paying stocks are very stable. Historically, price of dividend paying stocks waver less than other stocks. They have lower beta.

We may not feel this benefit when market is fair. But when stock market crashes, dividend stocks stands tall.

When everywhere there is a panicky, dividend stocks provides stability. People continue to hold on to dividend stocks even during market crash. The reason is simple, they continue to earn dividend even during market crash.

Moreover, dividend stocks are those stocks, which recovers faster after crash. So, instead of selling, people buy dividend stocks during market crash.

This gives dividend paying stocks its price stability.

#1.2. Dividends are like fixed income

If equity can generate regular income, there cannot be a better investment.

Equity is more famous for its long term capital appreciation. But they are risky.

To reduce the risk level, people are asked to hold on to equity for long term. Hence, long term capital appreciation yields nil short term income.

Moreover, as price of equity is volatile in short term, only those investors invest in equity who have high risk profile.

But dividend paying stocks comes for the rescue of the defensive investors. Dividend stocks are like hybrid of equity and debt based investment options.

Hence, even defensive investors love including dividend stocks in their portfolio.

This is one reason why, once investors get hold of a good dividend paying stock, they never sell it.

#1.3. Investors can plan and earn high dividends

It is possible to plan purchases of good dividend paying stocks. How to plan?

Keeping a record of past dividend payouts by companies helps in planning.

Investors can tract the dividend payout. Compared to the net profit generated by the company, what portion of PAT is paid out by company to its shareholders can be comprehended.

Though it will be only a guess work, but generally companies duplicate their past behaviours.

A company which has a habit of paying 30% of their net profit in dividends will continue to do the same in times to come.

So this is first part of the planning process. Keep a note of how much percentage of net profits companies pay in form of dividends.

The second part of planning is to keep a track of market price of its stock. Suppose at a market price of Rs.100, a stock is yielding dividend of 2%. If the price falls to Rs.80, the same stock will show dividend yield of 2.5%.

When price of stocks fall, its dividend yield becomes more attractive.

During stock market crash, price of stocks fall by huge margins. During this time, investors can plan to accumulate good dividend paying stocks.

#1.4. High dividend payout means company is cash rich

Value investors considers high dividend yield as a strong value indicator.

If a quality stock is yielding high dividend, it is considered as undervalued.

We know that, Improving sales and profit figures are one of the strongest fundamental indicators of quality stocks. High profitability and low debt dependency is just like an icing on cake.

How much dividend a company pays to its shareholders gives a great hint about how the company is managing its sales, profits, and debt.

Companies which shares its profits consistently (dividends) are confident companies. This confidence comes with predictability of future earnings.

A good company, will never compromise its short term liquidity to please shareholders. Maintaining liquidity to pay its current liabilities is a top priority for any company.

So if a company is paying dividends it means that liquidity is in full control. A company which is paying regular dividends must have sufficient liquidity to take care of its current liability.

How to accumulate dividends?

In India there are only few avenues to accumulate dividend. One of the well-known way is to buy stock that pays dividends.

Another way is to buy dividend paying mutual funds. In Europe and America dividend paying exchange traded funds (ETF’s) are also available. At the moment India do not have such ETF’s.

People can buy stocks using online trading account.

These days mutual funds can also be purchased using online trading platforms. If one does not have it, then the easiest option is to call your bank.

They will send investment agents who can arrange to buy dividend focused mutual funds for you.

#2. Control Points

If dividend paying stock are so good, why everyone do not only buy them? This is because not many know how to identify good dividend paying stocks.

Ok, enough of only good things about dividend paying stocks. Here are some control points related to dividend focused investing.

Being aware of these control points is essential to keep dividend based investing profitable.

#2.1. High Dividend Yield is enough….?

Some might think that high dividend yielding stocks are good. But “yield” is not a sufficient indicator to identify good dividend paying stocks.

Stocks paying high dividend one year, and nothing the following year, is also not good.

Consistent dividend payment is what is more interesting.

People just focus on high dividend yield, but this is insufficient.

It may happen that a stock is yielding 8% dividend. But the following year the yield falls to as low as 0.5%. This is what happens for majority companies.

For majority stocks dividend yield is not more than 2%.

Investors target is to buy dividend stocks which has consistently paid dividends and their yield is also high.

It is also essential to be critical on future growth prospects of dividend income from ones stock holdings.

#2.2. Beware of Fluctuating dividends and weak fundamentals

Fluctuating dividend and weak fundamentals are main hurdles in identifying good dividend stocks.

Couple of years back Strides Arcolab was yielding dividend close to 33% per annum. But today in 2017, its yield is close to 0.55%.

It means, such high yields are not sustainable.

Lets look into profit and loss account of Strides Arcolab.

Dividend Paying Stocks _ StridesS hasun2

In year ending Mar’14, the company reported a net profit of Rs.3512 Crore. Out of this net profit, it issued Rs.3008 crore in dividends. It means, 85.6% (dividend payout %) of profit was paid as dividends. This is unrealistic.

In year ending Mar’15, the company reported a net profit of just Rs.532 Crore. Out of this net profit, it issued Rs.643 crore in dividends. It means, 120.8% (dividend payout %) of profit was paid as dividends. This kind of dividend payout is unsustainable.

As result what happened after Mar’15? Dividend payout fell to normal levels, 26.35 in Mar’16 and 32.9% in Mar’17.

Moreover, you will also note that how wavering the net profits of the company has been in last 5 years.

In last 5 years the profit of company has risen from Rs.55 crore to Rs.3512 crore, and then falling back to Rs.108 crore.

This is a problem as earnings are too volatility. Hence, to keep its investors interested, such companies pay high dividends. It is just like an eyewash.

One must be extremely careful of such performances.

Suggestion – Try to reinvest Dividends

Reinvesting earned dividends will further increase the yield.

People must invest systematically to accumulate dividend stocks. Then the earned dividends from such stocks must be reinvested.

It is important to reinvest the dividends that flows-in. This extra money buys more dividend stocks.

This cycle continues.

More stocks means more dividends. More dividends means, more stocks purchase. It becomes a a great wealth generating cycle.

It is said that Warren Buffett earns billion dollars alone in dividends.

Set a personal target for yourselves. In next five years, le your dividend income reach Rs 5,000/month mark.

Lets start accumulating quality, dividend paying Indian stocks.

Best / High dividend paying stocks in India

(Updated as on Dividend’2017)

Lump Sum Dividend Paid (Rs.Crore)

SL Company Mar'17 Mar'16 Mar'15 Mar'14 Mar'13 Average in Last 5Y
1 Coal India Limited (CIL) 11,725.58 17,069.31 13,062.25 17,555.47 8,842.91 13,651.10
2 Tata Consultancy Services (TCS) 7,377.00 6,923.22 12,882.33 5,478.37 3,593.70 7,250.92
3 ONGC 7,582.64 5,792.68 6,502.09 6,747.00 6,826.56 6,690.19
4 HCL Tech 6,872.69 4,733.68 6,345.95 5,984.62 3,704.72 5,528.33
5 Hindustan Zinc 9,893.00 9,351.25 1,511.50 1,227.52 1,092.47 4,615.15
6 ITC Ltd. 5,506.60 5,447.64 3,989.84 3,960.92 3,443.43 4,469.69
7 Infosys 4,850.00 4,436.00 4,077.00 3,003.00 2,009.00 3,675.00
8 IOCL 8,368.33 2,719.48 1,276.23 1,753.33 1,249.50 3,073.37
9 HUL 2,878.00 2,785.00 2,609.42 2,349.89 3,344.30 2,793.32
10 NTPC Ltd. 1,713.96 2,203.99 1,643.98 3,936.41 3,959.29 2,691.53
11 NMDC 1,045.72 3,473.35 2,710.19 2,797.28 2,312.83 2,467.87
12 Vedanta 7,278.56 1,037.75 1,213.41 963.58 7.21 2,100.10
13 SBI 1,802.19 1,683.81 2,036.63 1,941.26 2,462.79 1,985.34
14 ICICI Bank 0.00 2,628.14 2,627.66 2,425.04 2,015.07 1,939.18
15 Reliance Industries Ltd. (RIL) 0.00 2,490.00 2,329.00 2,318.00 2,181.00 1,863.60
16 BPCL 3,727.20 1,850.57 1,332.67 1,032.66 667.92 1,722.20
17 HDFC 478.56 2,224.98 1,933.21 1,813.45 1,604.43 1,610.93
18 Wipro 580.60 1,173.80 2,371.20 1,638.30 1,435.50 1,439.88
19 Hero Motocorp 1,737.34 1,437.75 1,198.12 1,299.13 1,198.13 1,374.09
20 HDFC Bank 0.00 1,912.83 1,596.99 1,364.06 1,086.60 1,192.10
21 Bajaj Auto 144.68 1,591.52 1,446.84 1,446.84 1,302.15 1,186.41
22 HPCL 2,935.89 1,168.26 829.64 524.87 287.83 1,149.30
23 GAIL 1,458.78 697.66 761.08 1,319.21 1,217.74 1,090.89
24 Axis Bank 1,197.52 1,191.42 1,087.54 939.69 843.86 1,052.01
25 L&T 0.00 1,559.07 1,376.21 1,243.05 1,052.61 1,046.19
26 REC 1,104.98 1,346.84 844.41 778.69 681.37 951.26
27 Power Grid 417.75 962.67 838.76 1,123.05 1,064.63 881.37
28 Tata Steel 1,043.07 776.97 776.97 971.21 776.97 869.04
29 M&M 720.92 745.31 745.31 862.25 798.17 774.39
30 Maruti Suzuki 842.10 842.10 601.40 300.90 200.60 557.42

Dividend Per Share History/Growth (Rs.)

SL Company Mar'16 Mar'15 Mar'14 Mar'13 Mar'12 Growth in last 5Y %
1 Coal India Limited (CIL) 18.89 27.02 20.68 27.79 14.00 0.06
2 Tata Consultancy Services (TCS) 37.44 35.14 65.77 27.97 18.36 0.15
3 ONGC 5.91 6.77 7.60 7.89 7.98 -0.06
4 HCL Tech 48.17 33.56 45.14 85.50 53.16 -0.02
5 Hindustan Zinc 23.41 22.13 3.58 2.91 2.59 0.55
6 ITC Ltd. 4.53 6.77 4.98 4.98 4.36 0.01
7 Infosys 21.12 19.31 35.50 52.55 34.99 -0.10
8 IOCL 17.66 11.20 5.26 7.22 5.15 0.28
9 HUL 13.30 12.87 12.06 10.87 15.47 -0.03
10 NTPC Ltd. 2.08 2.67 1.99 4.77 4.80 -0.15
11 NMDC 3.31 8.76 6.84 7.06 5.83 -0.11
12 Vedanta 24.55 3.50 4.09 3.25 0.08 2.12
13 SBI 2.26 2.17 2.73 26.00 36.00 -0.43
14 ICICI Bank 0.00 4.52 4.53 21.02 17.48 -1.00
15 Reliance Industries Ltd. (RIL) 0.00 7.68 7.20 7.17 6.76 -1.00
16 BPCL 28.42 25.59 18.43 14.28 9.24 0.25
17 HDFC 3.01 14.08 12.28 11.62 10.38 -0.22
18 Wipro 2.39 4.75 9.60 6.64 5.83 -0.16
19 Hero Motocorp 87.00 72.00 60.00 65.06 60.00 0.08
20 HDFC Bank 0.00 7.57 6.37 5.69 4.57 -1.00
21 Bajaj Auto 5.00 55.00 50.00 50.00 45.00 -0.36
22 HPCL 28.90 34.50 24.50 15.50 8.50 0.28
23 GAIL 8.63 5.50 6.00 10.40 9.60 -0.02
24 Axis Bank 5.00 5.00 4.59 20.00 18.03 -0.23
25 L&T 0.00 16.74 14.80 13.41 17.10 -1.00
26 REC 5.60 13.64 8.55 7.89 6.90 -0.04
27 Power Grid 0.80 1.84 1.60 2.15 2.30 -0.19
28 Tata Steel 10.74 8.00 8.00 10.00 8.00 0.06
29 M&M 11.61 12.00 12.00 14.00 13.00 -0.02
30 Maruti Suzuki 27.88 27.88 19.91 9.96 6.64 0.33

Dividend Payout & Dividend Yield

SL Company Net Profit (Last Year) Rs.Cr. Dividend Paid (last 5Y Avg.) Dividend Payout (%) Current Market Price (Rs.) Divided Per Share (Last 5Y Avg.) Dividend Yield (Last 5Y Avg.) %
1 Coal India Limited (CIL) 14,500.53 13,651.10 0.94 276.00 21.68 7.85%
2 Tata Consultancy Services (TCS) 23,653.00 7,250.92 0.31 2,716.75 36.93 1.36%
3 ONGC 17,899.98 6,690.19 0.37 182.00 7.23 3.97%
4 HCL Tech 6,872.69 5,528.33 0.80 849.60 53.11 6.25%
5 Hindustan Zinc 8,316.00 4,615.15 0.55 309.10 10.92 3.53%
6 ITC Ltd. 10,200.90 4,469.69 0.44 256.55 5.12 2.00%
7 Infosys 13,818.00 3,675.00 0.27 949.45 32.69 3.44%
8 IOCL 19,106.40 3,073.37 0.16 387.85 9.30 2.40%
9 HUL 4,490.00 2,793.32 0.62 1,275.00 12.91 1.01%
10 NTPC Ltd. 9,385.26 2,691.53 0.29 176.95 3.26 1.84%
11 NMDC 2,589.14 2,467.87 0.95 125.30 6.36 5.07%
12 Vedanta 11,068.70 2,100.10 0.19 308.95 7.09 2.30%
13 SBI 10,484.00 1,985.34 0.19 329.20 13.83 4.20%
14 ICICI Bank 9,801.00 1,939.18 0.20 313.85 9.51 3.03%
15 Reliance Industries Ltd. (RIL) 31,425.00 1,863.60 0.06 886.20 5.76 0.65%
16 BPCL 8,039.30 1,722.20 0.21 493.05 19.19 3.89%
17 HDFC 7,442.64 1,610.93 0.22 1,662.65 10.27 0.62%
18 Wipro 8,161.70 1,439.88 0.18 299.00 5.84 1.95%
19 Hero Motocorp 3,377.12 1,374.09 0.41 3,614.60 68.81 1.90%
20 HDFC Bank 14,549.64 1,192.10 0.08 1,802.00 4.84 0.27%
21 Bajaj Auto 3,827.56 1,186.41 0.31 3,208.00 41.00 1.28%
22 HPCL 6,208.80 1,149.30 0.19 411.65 22.38 5.44%
23 GAIL 3,502.91 1,090.89 0.31 463.90 8.03 1.73%
24 Axis Bank 3,679.28 1,052.01 0.29 534.90 10.52 1.97%
25 L&T 5,453.74 1,046.19 0.19 1,209.85 12.41 1.03%
26 REC 6,245.76 951.26 0.15 160.25 8.51 5.31%
27 Power Grid 7,520.15 881.37 0.12 206.95 1.74 0.84%
28 M&M 3,955.65 869.04 0.22 1,400.35 12.52 0.89%
29 Tata Steel 3,444.55 774.39 0.22 687.70 12.52 1.82%
30 Maruti Suzuki 7,337.70 557.42 0.08 8,122.95 18.45 0.23%

Disclaimer: All blog posts of getmoneyrich.com are for information only. No blog posts should be considered as an investment advice or as a recommendation. The user must self-analyze all securities before investing in one.

53 Comments on "Best Dividend Paying Stocks in India"

  1. surya prakash verma | November 16, 2017 at 12:39 pm | Reply

    Hi Sir,
    As far as I understand dividend payout is the percentage of the earning the company is sharing with the investor, please correct me if i am wrong.
    Now, looking at Coal India i see that there dividend payout is 94% last year, meaning that they have given out 94% of the profit earned to the investors.
    if a company give huge part of the earning per share to the investors so much so that it is 94% for coal india , will it be able to continue doing like this.

    OR such a stock should be avoided for long term?

    • Yes, you are right. Such companies needs scrutiny.
      In last 5 years, Coal India has issued dividends like this only. In fact, last year dividend payout was more than 100%.
      This is the reason why Reserves indicated in Balance Sheet of Coal India has been shrinking since last 5 years.

      On flip side, this can happen in Government run organizations.

      In general, if Board Of Directors (BOD) of a company feel that they have reserves more than sufficient, they can compensate investors like Coal India did. BOD can also take such a decision to attract new investors and keep the existing ones interested.

  2. Well explained article…thanks

  3. Dear sir

    I have 20 Lacs rs currently as Lumpsum from my father retirement ,I want to buy home in next 2 years, Is there any possible scheme or funds which will give me DIVIDEND returns of monthly 25000 and above ,if i invest all 15 Lacs in mutual funds,since If we take home loan ,these dividends will be considered to pay our EMI, eg: If i take home loan of 20 laks then ,i want to pay EMI with my dividents ,Any scheme or Fund available

  4. i want to invest only in high dividened stock. i am new to equities i will be retiring next five year so please suggest good dividened yielding stock alongwith capital appreciation, so even i reitre i go on getting dividened and my shares also goes on appreciating.

    • Dear Mr. Jayesh,
      Investing in dividend paying stocks is good, but considering that you are nearing retirement, I will not suggest you to invest more than 5% of your investment portfolio in dividend paying stocks. Neither dividend payment nor capital appreciation is a reliable source of income for retired people.

  5. After how long from share purchase is one entitled to dividen?

  6. VERY USEFUL INFORMATION. THANKS FOR THAT , IT WILL HELP LOTS OF PEOPLE TO GETTING A HEALTHY PORTFOLIO.

  7. I wish to know the best dividend stock to invest
    Coz I wish to invest 25-50 lcs to receive monthly returns for my life- time. If you could mail me. Thanks

  8. Shankar Bogati | August 16, 2017 at 11:31 am | Reply

    Nice article…… I have been looking for this type of article for a long time. Hope such article have to posted for the individual investors in India.

  9. Thanks & May God bless ur good work.

  10. Very nice articles on dividend paying companies in India. This will certainly help tons of retail investors.
    Thanks. Keep it on

  11. pawan chopda | March 18, 2017 at 2:12 pm | Reply

    Send best stock list below rs.10 long investing

  12. What is the best mutual fund to buy that tracks these divident stocks ?

  13. DR MITESH H PATEL | February 14, 2017 at 11:36 am | Reply

    Kindly add one more column showing 5 yer average capital apprecition. so ot can be better analysed with 5 year dividend yield.

  14. HAWA SINGH JALWAN | January 26, 2017 at 3:50 pm | Reply

    Valuable Information . Thanks for sharing

  15. I am not getting the point. Most of the top stocks for dividend on the list have around 5% yield as 5 year average. If the actual stock price does not increase, how I am making more money against less risky investment like Bank FD which will give me around 7% to 8% yield. What am I missing?

    • Interest on FD’s will go down with time.
      But dividend yield (for good companies) goes up with time. Yield may be less today, but it will improve with time.

    • Two points.
      1. Interest from bank FD is taxable but dividends from a domestic company are tax free.
      2. Dividend is only one side nd the better side is capital appreciation. FD in bank won’t have capital appreciation.

  16. calculation of NHPC dividend yield is totally wrong, it is around 2.48% not 24.8% just shifted a decimal point

  17. informative article hats off

  18. sathyanarayanan | July 12, 2016 at 9:43 pm | Reply

    Good article on identifying dividend paying shares

  19. felix pereira | July 9, 2016 at 8:27 pm | Reply

    Wonder how the banks have been included in this list. Syndicate bank???

  20. R L Mishra | May 2, 2016 at 5:29 pm | Reply

    Good information. Thanks. You rightly pointed out, I wan keen to watch dividend yield rather divident /diveidend growth every year. is very usefull for me.

  21. Great job

  22. Subrata Chatterjee | April 18, 2016 at 2:30 pm | Reply

    Very well explained and informative too.

  23. kamlesh gupta | April 9, 2016 at 12:03 pm | Reply

    Thanks well explained

  24. Very useful ideas for long term investors
    Thanks

  25. Just to add to the excellent information, I give herewith the steps to get the list of top dividend yeild stocks. Go to Google, Type: “top dividend yield stocks in India”, select the link of moneycontrol.com and voila, you get the latest top dividend yield stocks along with their 5y consistency history!!!!

    http://www.moneycontrol.com/stocks/marketstats/nsetopdiv/index.html

  26. great site….. excelllent valuable information

  27. v.v.good. Iam a long term investor in the financial market for the last 10 years and your site is very educative in a nut shell and very useful with valuable information ..Thank you and expecting more from you

  28. In the above mentioned lists upto Nov. 2015, you have mentioned IDFC twice at numbers 8 and 10 and that too with completely different figures. It absolutely arouse suspicion about the authenticity and correctness of the tabulated data you provided.

  29. very useful. thanks

  30. Very useful information. Request u to update information for Nov, 2015. Thanks

  31. Hi,
    This is exactly what a new commer to this field like me was looking for.
    The information, and the way it is presented is great. I am the 678th subscriber and looking forward to good investments through good information.

  32. Nitesh Thadani | September 9, 2015 at 6:15 am | Reply

    I am new to the stock market can u please advice how dividend is calculated is it on percentage or it is on book value .Can u please guide me how dividend is calculated

  33. very useful information you had post this is my first time visit to site

  34. Wonderfսl work! Thiѕ iis thе type of information that should be shɑred around thee net.
    Shame оn Google for not positioning this put up higher!
    Come on over and visit my web site . Thank you =)

  35. Nice article….consistent dividend means consistent profits

  36. Please check the dividend yields again. I track some of these stocks and the yields are not correct. Asian Paints 4.95%. This is a high PE stock and always traded at 1-1.5% yield for past 3-4 years. Axis Bank 4.53%. Axis bank always traded at 1-1.5% yield for past 3-4 years. 4.53% yield is impossible for a private bank stock. If these two are incorrect I suspect others might not be right as well. Please check again. Thanks.

  37. thank for this list i am waiting for this list but i can not find it ! Now i am very happy thank you ! , i lost to much in market so now i will go for this.

  38. Thanks for sharing this information here. It becomes always profitable if you pick best dividend paying stock in India. As you can get high return in this way. In.dividendinvestor.com is free online portal that I use mostly to track dividend data and high dividend paying stocks in India.

  39. Thanks. I have been looking for this list for a long time!!

  40. quite informative,thanks

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