10 Stocks that paid Highest Dividends in India

The most sought-after equities on Wall Street are those with high dividend yields because they reward investors with continuous distributions regardless of market conditions. These 10 stocks earned dividends up to a mind-blowing 5,000% in FY23. 

Coal India

In fiscal 2023, the state-owned Coal India paid a dividend of 332%, or Rs 33.3 per share. Dividend yield for the firm is 14.7%.

HCL Tech

HCL Tech, a provider of IT services, paid dividends in excess of 2,400% in FY23. Dividend yield for the business is 4.1%.

Hero MotoCorp

In the most recent fiscal year, Hero MotoCorp issued a staggering 5,000% dividend to stockholders. The business offers a 3.5% dividend yield.

Bajaj Auto

In the fiscal year 2022–2023, Bajaj Auto gave its stockholders a dividend that was 1,400% more than the market average. The business has a 3% dividend yield.

Piramal Enterprises

In FY23, Piramal Enterprises announced a dividend that is 15550% of the face value of each rupee. Dividend yield for the business is 3.3%.

VST Industries

Investors received a 1500% dividend from VST Industries in the fiscal year 2023. Dividend yield for the business is 4.3%.

Bayer Crop Science

In the preceding fiscal year, Bayer Crop Science announced a payout to stockholders of 1300%. The business has a 3% dividend yield.

Gulf Oil Lubricants

Investors received a dividend from Gulf Oil Lubricants of 1250% in FY23. The business offers a 5.5% dividend yield.

ICICI Securities

In the fiscal year 2023, ICICI Securities paid a dividend that may have reached 450%. Dividend yield for the business is 4.3%.

ONGC

ONGC announced a 225% dividend during the previous fiscal year. Dividend yield for the business is 7.1%.