Published on 16 Apr 2024 on Simply Wall St. via Yahoo Finance
Exploring The Risks Of This Indian Company With A 3% Dividend Yield
In the pursuit of steady income streams, many investors are drawn to dividend stocks in India. However, it's crucial to evaluate the sustainability of these dividends. A high payout ratio might appear appealing at first glance but could indicate potential financial difficulties for the company, making it a less reliable investment choice. In this article, we will explore two such companies—one that offers an attractive dividend yield and another that investors might consider avoiding due to its risky financial structure.
Top 10 Dividend Stocks In India
NameDividend YieldDividend RatingCastrol India (BSE:500870)3.56%★★★★★☆Balmer Lawrie Investments (BSE:532485)5.07%★★★★★☆Swaraj Engines (NSEI:SWARAJENG)3.85%★★★★★☆HCL Technologies (NSEI:HCLTECH)3.45%★★★★★☆ITC (NSEI:ITC)3.05%★★★★★☆Balmer Lawrie (BSE:523319)3.04%★★★★★☆Gujarat Narmada Valley Fertilizers & Chemicals (NSEI:GNFC)4.39%★★★★★☆Ruchira Papers (NSEI:RUCHIRA)4.20%★★★★★☆PTC India (NSEI:PTC)3.87%★★★★★☆Rashtriya Chemicals and Fertilizers (NSEI:RCF)3.80%★★★★★☆