Indian stocks having the highest dividend yields  

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The Indian stock market has been growing at an impressive rate due to India’s booming economy. However, some stocks that pay dividends are considered best dividend paying penny stocks in India. 

A dividend is a reward, either in cash or other forms, bestowed upon shareholders by a company. The company’s board of directors determines dividends, subject to shareholder approval. 

Infosys 

ITC boasts a remarkable operating revenue of Rs. 70,278.34 Cr. over the last 12 months. With an impressive 17% annual revenue growth, a commendable pre-tax margin of 36%, and an exceptional ROE of 27% 

ITC Ltd.

Hindustan Unilever Ltd.

One of the top dividend paying stocks in India, Hindustan Unilever clocked an impressive operating revenue of Rs. 61,931.00 Cr. in the last 12 months. 

ICICI Bank Ltd.

ICICI Bank Limited is engaged in providing a range of banking and financial services including commercial & retail banking, project & corporate finance, insurance, venture capital and private equity, investment banking and broking. 

HDFC Bank Limited 

On a trailing 12-month basis, it generates an operating revenue of Rs. 221,485.07 Cr., demonstrating outstanding annual revenue growth of 22%, a great pre-tax margin of 30%, and a good ROE of 15%.  

Infosys Ltd.

The outstanding annual revenue growth of 21%, great pre-tax margin of 23%, and exceptional ROE of 31% showcase its financial strength. 

Bharti Airtel Ltd.

Bharti Airtel generated Rs. 146,297.20 Cr. in operating revenue over the past 12 months. Although the 9% ROE is acceptable, there is room for improvement. 

This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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