Best Monthly Dividend Paying Stocks in India

Best Monthly Dividend Paying Stocks in India

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

NameClose Price1Y Return %Dividend Yield %EPS (Q)
Punjab National Bank125.07150.09940361.186239623.04
Union Bank of India Ltd141.49106.10342324.44
Polycab India Ltd7260.6104.58263010.447366214236.37
Supreme Industries Ltd5,958.0591.842418780.548180497627.93
Balkrishna Industries Ltd3,223.0034.696440160.525650081325.18
Dr. Lal PathLabs Ltd2689.6524.141512050.687561174510.13
Indian Hotels Company Ltd648.1512.881806110.30709835922.93
Britannia Industries Ltd5,297.756.4102052221.40248440122.35
Happiest Minds Technologies Ltd917.35-4.7811695480.7105783494.79
Dalmia Bharat Ltd1818.6-17.019775620.50210605616.8

Best Monthly Dividend Stocks India

Punjab National Bank

The Market Cap of Punjab National Bank is Rs. 139,234.29 crores. The stock’s monthly return is -0.59%. Its one-year return is 150.10%. The stock is 14.26% away from its 52-week high. The earnings per share (Q) are ₹3.04

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 Cap of Britannia Industries Ltd is Rs. 126,231.85 crores. The stock’s monthly return is 1.78%. Its one-year return is 6.41%. The stock is 8.06% away from its 52-week high. The earnings per share (Q) are ₹22.35.

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 Cap of Union Bank of India Ltd is Rs. 119,465.93 crores. The stock’s monthly return is -3.46%. Its one-year return is 106.10%. The stock is 21.92% away from its 52-week high. The earnings per share (Q) are ₹4.44.

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 Cap of Indian Hotels Company Ltd is Rs. 81,114.29 crores. The stock’s monthly return is 12.88%. Its one-year return is 68.97%. The stock is 1.01% away from its 52-week high. The earnings per share (Q) are ₹2.93.

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 Cap of Polycab India Ltd is Rs. 100,431.33 crores. The stock’s monthly return is 6.72%. Its one-year return is 104.58%. The stock is 0.45% away from its 52-week high. The earnings per share (Q) are ₹36.37.

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 Cap of Supreme Industries Ltd is Rs. 69,517.36 crores. The stock’s monthly return is 7.21%. Its one-year return is 91.84%. The stock is 8.42% away from its 52-week high. The earnings per share (Q) are ₹27.93.

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 Cap of Balkrishna Industries Ltd is Rs. 58,842.85 crores. The stock’s monthly return is 5.79%. Its one-year return is 34.70%. The stock is 4.37% away from its 52-week high. The earnings per share (Q) are ₹25.18.

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 Cap of Dalmia Bharat Ltd is Rs. 33,616.97 crores. The stock’s monthly return is 0.73%. Its one-year return is -17.02%. The stock is 33.66% away from its 52-week high. The earnings per share (Q) are ₹16.8.

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 Cap of Dr. Lal PathLabs Ltd is Rs. 21,854.07 crores. The stock’s monthly return is 4.20%. Its one-year return is 24.14%. The stock is 7.41% away from its 52-week high. The earnings per share (Q) are ₹10.13.

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 Cap of Happiest Minds Technologies Ltd is Rs. 12,085.76 crores. The stock’s monthly return is 10.98%. Its one-year return is -4.78%. The stock is 11.19% away from its 52-week high. The earnings per share (Q) are ₹4.79.

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.

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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.

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