High dividend blue chip stocks in India are known to be relatively stable, reliable, and financially strong. These stocks represent ownership in well-established companies that have a consistent history of growing steadily.
Top blue chip stocks and performers in their respective sectors, these shares cater to investors seeking the perfect blend of capital growth and regular income via dividends.
1. Oil and Natural Gas Corporation Limited (ONGC)
ONGC is a leading company in India that has a large share of the energy market. As a state-backed corporation dedicated to oil and gas exploration, ONGC ensures that its shareholders enjoy a high dividend yield.
ONGC has earned a strong reputation for consistent growth and regularly paying dividends. As a steady income source and a veteran in the energy sector, ONGC often becomes the go-to choice for investors pursuing high dividend blue chip stocks in India.
- Share Price: ₹159.45
- Market Cap: ₹1,99,146.00 Cr
- Current Dividend Yield: 6.62%
2. Power Grid Corporation of India Limited
The Power Grid Corporation of India Limited features prominently on the list of high dividend blue chip stocks in India, offering a present dividend yield of 6.02%. The firm gives out an annual dividend of ₹17.75 per share.
Power Grid Corporation is a government-owned company that deals with transmitting electricity. It has a strong track record of consistently paying dividends, which makes it an attractive option for investors who want a reliable idea for passive income through dividends.
- Share Price: ₹251.75
- Market Cap: ₹1,74,491.00 Cr
- Current Dividend Yield: 5.90%
3. Coal India Limited
When it comes to high dividend stocks, Coal India Limited enjoys a prominent position. Its continual profitability track record brings both financial stability and a promising opportunity for income generation.
Coal India Limited has a strong flow of money, which means it can pay out significant dividends. This makes it very attractive for investors looking to earn a steady income from their investments.
- Share Price: ₹229.05
- Market Cap: ₹1,40,079.00 Cr
- Current Dividend Yield: 7.48%
4. National Thermal Power Corporation Limited (NTPC)
Another one of the top high dividend blue chip stocks in India is the National Thermal Power Corporation Limited (NTPC). NTPC is a leading company that produces electricity and has a strong presence in the energy market.
The company has a great track record of making consistent profits. It is known to offer stable cash flows, solid infrastructure, and government endorsement.
NTPC’s commitment towards renewable energy and adherence to sustainable practices further boost its long-term growth prospects, solidifying its position as a reliable choice for investors on the lookout for dividend-yielding investments in the Indian market.
- Share Price: ₹189,45
- Market Cap: ₹1,83,606.00 Cr
- Current Dividend Yield: 3.70%
5. Hindustan Petroleum Corporation Limited (HPCL)
HPCL stands out as a preeminent oil and gas company in India that qualifies as a high dividend blue chip stock. HPCL has a strong position in the market and has consistently performed well, which means it has a tendency to provide attractive dividends to its shareholders.
Operating across multiple sectors, including refining, marketing, and exploration of petroleum products, HPCL’s robust financial health, extensive distribution network, and strategic alliances make it a potential choice for investors looking for long-term capital growth.
- Share Price: ₹269.80+
- Market Cap: ₹38,187.00 Cr
- Current Dividend Yield: 5.34%
6. Bharat Petroleum Corporation Limited (BPCL)
Under the wings of the Ministry of Petroleum and Natural Gas, Government of India, BPCL is a pivotal public sector entity managing plants in Mumbai, Kochi, and Bina.
It is the second-largest oil producer supported by the government in India. BPCL’s global recognition is evident from its 309th rank on the 2020 Fortune list of largest public sector organizations and 792nd position on the Forbes “Global 2000” list 2021.
The firm’s involvement in marketing petroleum products and refining crude oil underscores its prominence in India’s petroleum market.
- Share Price: ₹363.60
- Market Cap: ₹79,221.00 Cr
- Current Dividend Yield: 4.38%
7. State Bank of India (SBI)
The State Bank of India (SBI) is the biggest PSU bank in India and has been around the block for more than 6 decades. SBI has branches in every part of the country, even in small villages and remote areas.
As a Fortune 500 corporation, SBI has strengthened its presence across 32 countries.
Featuring as a blue chip stock, SBI has made its way into our list of high dividend blue chip stocks in India, reflecting its significant role in the banking sector.
- Share Price: ₹570.75+
- Market Cap: ₹5,08,658.00 Cr
- Current Dividend Yield: 1.98%
8. Tata Motors Limited
Tata Motors Limited is a big player in the auto industry, valued at ₹2,10,633.00 Cr, and pays regular dividends. With its impressive history and wide product range spanning electric, commercial, and passenger vehicles, Tata Motors enjoys worldwide brand recognition.
As a high dividend blue chip stock, the company captivates investors keen on steady returns and long-term growth in the Indian market.
- Share Price: ₹595.20
- Market Cap: ₹2,10,633.00 Cr
- Current Dividend Yield: 0.36%
9. Tata Steel Limited
Tata Steel Limited is a sought-after name among high dividend blue chip stocks in India. The company has gained the trust of investors with its strong position in the market and its history of regularly paying dividends.
Known for its expertise in the steel business and its diversified portfolio operating across various segments, Tata Steel offers stability to investors.
- Share Price: ₹111.50
- Market Cap: ₹1,36,331.00 Cr
- Current Dividend Yield: 3.23%
10. Infosys Limited
Since its inception in 1981, Infosys Ltd has grown from strength to strength as a global IT services and consulting company. Today, it stands as a multi-billion dollar enterprise and is regarded as one of the top IT firms, trailing just after TCS in terms of revenue.
As a Large-Cap IT sector stock, Infosys dispenses a considerable dividend per share, thus earning its spot as a preferred blue-chip stock.
- Share Price: ₹1,325.75+
- Market Cap: ₹5,36,890.00 Cr
- Current Dividend Yield: 2.63%
Conclusion
High dividend blue chip stocks in India offer a compelling investment opportunity for investors seeking stable income and long-term growth. Backed by prominent companies with a consistent dividend payout history, these stocks offer a level of assurance in the face of market fluctuations.
Their unique blend of attractive dividend yields and potential capital appreciation makes them an appealing investment proposition for both income-focused and growth-oriented investors.
By the way, Dhan gives you access to this awesome feature called “Dividend Tracking”, which you can use to monitor dividends separately. Read this post to know more: View Dividend Earned by Year on Dhan
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Disclaimer: The stocks mentioned above are examples, not recommendations. Please conduct your own due diligence before investing in any stock.
