High Dividend Yield Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 5, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Pipavav Rs 164.98. NMDC Rs 69.90. CESC Rs 130.94. Chennai Petroleum Corporation Rs 1,567. NALCO Rs 326.25. NSE closing prices, 4 Nov 2026.
Quick Answer
Five high dividend yield stocks to buy on the November 2026 watchlist are Gujarat Pipavav Port, NMDC, CESC, Chennai Petroleum Corporation and National Aluminium Company. All five grew revenue in their latest full year, and all five also grew net profit. Chennai Petroleum Corporation has both the lowest P/E at 3.95 and the highest return on equity at 41.95%. Check each valuation against your own risk appetite before acting.
The high dividend yield stocks to buy in November 2026 start with five listed names: Gujarat Pipavav Port, NMDC, CESC, Chennai Petroleum Corporation and National Aluminium Company. High dividend yield stocks are companies that pay out a larger share of their value as cash each year.
This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these high dividend yield stocks to buy to a portfolio. All prices are NSE closing prices of 4 November 2026, and financials come from company filings.
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Which Are the Best High Dividend Yield Stocks to Buy in November 2026?
The best high dividend yield stocks to buy in November 2026 for a watchlist are Gujarat Pipavav Port, NMDC, CESC, Chennai Petroleum Corporation and National Aluminium Company. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.
| Company | CMP (Rs) | Market Cap | P/E | ROE | Dividend Yield |
|---|---|---|---|---|---|
| Gujarat Pipavav Port | 164.98 | Rs 7,853 crore | 14.05 | 21.57% | 6.40% |
| NMDC | 69.90 | Rs 59,485 crore | 7.98 | 21.87% | 5.17% |
| CESC | 130.94 | Rs 16,981 crore | 10.41 | 12.31% | 4.71% |
| Chennai Petroleum Corporation | 1,567 | Rs 22,515 crore | 3.95 | 41.95% | 4.10% |
| National Aluminium Company | 326.25 | Rs 59,323 crore | 8.79 | 26.83% | 3.56% |
On valuation, Gujarat Pipavav Port, NMDC, CESC, Chennai Petroleum Corporation and National Aluminium Company trade below the industry P/E. Valuation is the first filter for any high dividend yield stocks to buy list, and it is covered again in the risk section.
Why These High Dividend Yield Stocks to Buy Are in Focus
In this list, every company has a dividend yield above 3.5%, and FY26 net profit and revenue grew for all five. The list covers a container port operator, a government-owned iron ore miner, a Kolkata power utility, a Tamil Nadu refiner and a government-owned aluminium producer. Investors comparing the best high dividend yield stocks in India usually check whether the payout is covered by profit and how the shares are valued.
Gujarat Pipavav Port: The Container Port Operator Among High Dividend Yield Stocks to Buy
Gujarat Pipavav Port is a port operator at Pipavav in Gujarat handling containers and bulk cargo. Its market capitalisation is Rs 7,853 crore, the share price is Rs 164.98 and the P/E of 14.05 compares with an industry P/E of 30.60.
Over FY26, net profit rose 29.8% to Rs 515 crore on revenue of Rs 1,232 crore, which was up 15.2%. The latest quarter, the June 2026 quarter, brought revenue of Rs 347 crore, up 28.0% year on year, and net profit of Rs 148 crore, up 41.8%.
Return on equity is 21.57%, debt-to-equity is 0.02, and the dividend yield is 6.40%. Promoters hold 44.01%, foreign institutions 23.23% and domestic institutions 13.09% as of September 2026. Foreign institutional holding has risen from 19.82% to 23.23% over the last year.
NMDC: The Iron Ore Miner Among High Dividend Yield Stocks to Buy
NMDC is a government-owned iron ore miner and one of India’s largest. The stock trades at Rs 69.90 with a market capitalisation of Rs 59,485 crore and a P/E of 7.98, against an industry P/E of 9.52.
FY26 revenue rose 31.6% to Rs 33,559 crore and net profit rose 13.4% to Rs 7,415 crore. In the June 2026 quarter, revenue grew 1.5% year on year to Rs 7,143 crore, while net profit grew 1.9% to Rs 2,006 crore.
Return on equity is 21.87%, debt-to-equity is 0.19, and the dividend yield is 5.17%. Promoters hold 60.79%, foreign institutions 14.91% and domestic institutions 12.51% as of September 2026. Foreign institutional holding has risen from 13.04% to 14.91% over the last year.
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CESC: The Kolkata Power Utility Among High Dividend Yield Stocks to Buy
CESC is a power utility with generation and distribution operations in Kolkata, part of the RP-Sanjiv Goenka Group. At Rs 130.94, the stock has a market capitalisation of Rs 16,981 crore and trades at 10.41 times earnings, while the industry P/E is 19.93.
Reported numbers show FY26 revenue of Rs 18,927 crore, up 8.9% year on year, with net profit at Rs 1,618 crore, up 13.2%. The June 2026 quarter added revenue of Rs 5,559 crore (up 5.2%) and net profit of Rs 419 crore (up 3.7%).
Return on equity is 12.31%, debt-to-equity is 1.73, and the dividend yield is 4.71%. Promoters hold 52.11%, foreign institutions 11.49% and domestic institutions 24.94% as of September 2026. A point to keep in view: debt is higher than most names on this list.
Chennai Petroleum Corporation: The Tamil Nadu Refiner Among High Dividend Yield Stocks to Buy
Chennai Petroleum Corporation is a refiner in Tamil Nadu that is a subsidiary of Indian Oil. Its market capitalisation is Rs 22,515 crore, the share price is Rs 1,567 and the P/E of 3.95 compares with an industry P/E of 14.94.
Over FY26, net profit rose 1349.3% to Rs 3,103 crore on revenue of Rs 63,705 crore, which was up 7.3%. The latest quarter, the September 2026 quarter, brought revenue of Rs 22,074 crore, up 10.2% year on year, and net profit of Rs 2,247 crore, up 212.4%.
Return on equity is 41.95%, debt-to-equity is 0.16, and the dividend yield is 4.10%. Promoters hold 67.29%, foreign institutions 15.79% and domestic institutions 1.18% as of September 2026. Foreign institutional holding has risen from 8.80% to 15.79% over the last year.
National Aluminium Company: The Aluminium Producer Among High Dividend Yield Stocks to Buy
National Aluminium Company is a government-owned integrated aluminium producer. The stock trades at Rs 326.25 with a market capitalisation of Rs 59,323 crore and a P/E of 8.79, against an industry P/E of 10.98.
FY26 revenue rose 8.0% to Rs 18,509 crore and net profit rose 10.0% to Rs 5,797 crore. In the June 2026 quarter, revenue grew 39.3% year on year to Rs 5,476 crore, while net profit grew 90.9% to Rs 2,003 crore.
Return on equity is 26.83%, debt-to-equity is 0.00, and the dividend yield is 3.56%. Promoters hold 51.28%, foreign institutions 21.97% and domestic institutions 11.71% as of September 2026. Foreign institutional holding has risen from 16.22% to 21.97% over the last year.
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Growth Snapshot: Latest Full Year and Latest Quarter
The table compares year-on-year growth in revenue and net profit for all five high dividend yield stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Gujarat Pipavav Port | 15.2% | 29.8% | Jun 2026 | 28.0% | 41.8% |
| NMDC | 31.6% | 13.4% | Jun 2026 | 1.5% | 1.9% |
| CESC | 8.9% | 13.2% | Jun 2026 | 5.2% | 3.7% |
| Chennai Petroleum Corporation | 7.3% | 1349.3% | Sep 2026 | 10.2% | 212.4% |
| National Aluminium Company | 8.0% | 10.0% | Jun 2026 | 39.3% | 90.9% |
Factors That Move High Dividend Yield Stocks to Buy
Four factors tend to drive high dividend yield stocks, and each one is worth checking before a purchase.
- Payout cover: Profit should cover the dividend.
- Yield: Compare it with fixed deposit rates.
- Cash generation: Steady cash supports payouts.
- Valuation: P/E is low across the group.
Risks to Keep in Mind Before Buying High Dividend Yield Stocks
The first risk is that a dividend is not fixed, and a company can cut it when profit falls. The second is that metals and refining earnings follow commodity cycles. Check results every quarter.
On the numbers, Gujarat Pipavav Port trades at the highest P/E on this list at 14.05, so its earnings need to keep growing to support the price. High Dividend Yield stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.
How to Choose High Dividend Yield Stocks to Buy
- Check payout history: Look at several years.
- Read profit trends: Earnings support payouts.
- Compare yields: Higher is not always safer.
- Diversify: Mix utilities with cyclical names.
How to Invest in High Dividend Yield Stocks
- Shortlist two or three companies from this list that match your risk appetite.
- Open the Univest Screener and compare P/E, ROE and debt for each stock.
- Check the latest quarterly results and shareholding pattern on NSE or BSE.
- Decide an amount you can hold for three to five years and split it into two or three purchases.
- Review the holding after every quarterly result instead of reacting to daily price moves.
Conclusion
Chennai Petroleum Corporation offers both the lowest P/E on this list at 3.95 and the highest return on equity at 41.95%, and Chennai Petroleum Corporation posted the fastest net profit growth in its latest full year at 1349.3%. Among the best high dividend yield stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these high dividend yield stocks to buy.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on High Dividend Yield Stocks to Buy
Which are the best high dividend yield stocks to buy in November 2026?
Ans. The five high dividend yield stocks on the November 2026 watchlist are Gujarat Pipavav Port, NMDC, CESC, Chennai Petroleum Corporation and National Aluminium Company. Chennai Petroleum Corporation has both the lowest P/E at 3.95 and the highest ROE at 41.95%, and Chennai Petroleum Corporation grew net profit 1349.3% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is NMDC a good stock to buy from this High Dividend Yield list?
Ans. NMDC is the largest company on this list with a market capitalisation of Rs 59,485 crore and a P/E of 7.98 against an industry P/E of 9.52. Its FY26 revenue rose 31.6% and net profit rose 13.4%, with return on equity at 21.87%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.
Are these high dividend yield stocks expensive right now?
Ans. Valuations vary across the group. Gujarat Pipavav Port trades at a P/E of 14.05, NMDC trades at a P/E of 7.98, CESC trades at a P/E of 10.41, Chennai Petroleum Corporation trades at a P/E of 3.95, National Aluminium Company trades at a P/E of 8.79, against industry multiples ranging from 9.52 to 30.60. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these high dividend yield stocks pay a dividend?
Ans. Dividend yields on this list are Gujarat Pipavav Port 6.40%, NMDC 5.17%, CESC 4.71%, Chennai Petroleum Corporation 4.10%, National Aluminium Company 3.56%. Yields differ widely across the group, so check payout history and earnings cover before relying on any of them for income, since payouts can change with company profits.
Which stock on this list has the highest return on equity?
Ans. Chennai Petroleum Corporation has the highest ROE on this list at 41.95%, followed by National Aluminium Company at 26.83% and NMDC at 21.87%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.
What are the risks of investing in high dividend yield stocks?
Ans. The main risks are dividend cuts when profit falls, commodity cycles and uneven payouts. On this list, Gujarat Pipavav Port trades at the highest P/E of 14.05, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.
How can I invest in high dividend yield stocks in India?
Ans. You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.
