D B And Two Other Top Indian Dividend Stocks To Consider

Over the last 7 days, the Indian market has remained flat, yet it is up 40% over the past year with earnings expected to grow by 17% per annum in the coming years. In this promising environment, identifying strong dividend stocks like D B and others can offer investors a reliable income stream and potential for capital appreciation.

Top 10 Dividend Stocks In India

Click here to see the full list of 20 stocks from our Top Indian Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

D. B (NSEI:DBCORP)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: D. B. Corp Limited operates in newspaper printing and publishing, radio broadcasting, and digital news platforms for news and event management both in India and internationally, with a market cap of ₹62.41 billion.

Operations: D. B. Corp Limited generates revenue from its segments with ₹22.77 billion from printing, publishing, and allied businesses and ₹1.62 billion from radio broadcasting.

Dividend Yield: 4.9%

D. B. Corp Limited's dividend payments, while covered by earnings and cash flows with a payout ratio of 65.2% and a cash payout ratio of 57%, have been volatile over the past decade, indicating an unstable track record. Despite this, the company offers a competitive dividend yield of 4.85%, placing it among the top 25% in India. Recent financial performance shows growth, with net income rising to ₹1.18 billion for Q1 2024 from ₹787.59 million year-on-year.

• Click here to discover the nuances of D. B with our detailed analytical dividend report.
• Our expertly prepared valuation report D. B implies its share price may be lower than expected.

Redington (NSEI:REDINGTON)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Redington Limited offers supply chain solutions both in India and internationally, with a market cap of ₹144.08 billion.

Operations: Redington Limited's revenue is derived from various segments, including Information Technology products and services, Mobility products, and Consumer and Lifestyle products.

Dividend Yield: 3.4%

Redington Limited's dividends, covered by earnings (payout ratio of 39.8%) and cash flows (cash payout ratio of 50.6%), have grown over the past decade but remain volatile. The recent dividend declaration was ₹6.20 per share for FY2024, despite a slight decrease in net income to ₹2.46 billion for Q1 2024 from ₹2.49 billion year-on-year. Trading below fair value, Redington offers a dividend yield in the top quartile of Indian payers at 3.36%.

• Get an in-depth perspective on Redington's performance by reading our dividend report here.
• In light of our recent valuation report, it seems possible that Redington is trading behind its estimated value.

Ujjivan Small Finance Bank (NSEI:UJJIVANSFB)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Ujjivan Small Finance Bank Limited offers a range of banking and financial services in India with a market capitalization of ₹77.67 billion.

Operations: Ujjivan Small Finance Bank Limited's revenue is derived from its Treasury segment at ₹7.58 billion, Retail Banking at ₹58.71 billion, and Wholesale Banking at ₹1.44 billion.

Dividend Yield: 3.7%

Ujjivan Small Finance Bank's dividend yield of 3.74% places it in the top 25% of Indian payers, though its two-year dividend history is marked by volatility and no growth. Despite a low payout ratio of 22.6%, suggesting dividends are well covered by earnings, the bank's high level of bad loans (2.3%) could pose risks. Recent regulatory approval for an Authorised Dealer Category 1 Licence may enhance its operational capabilities moving forward.

• Unlock comprehensive insights into our analysis of Ujjivan Small Finance Bank stock in this dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Ujjivan Small Finance Bank shares in the market.

Next Steps

• Explore the 20 names from our Top Indian Dividend Stocks screener here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
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Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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