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Dividend stocks are the companies which have a history of distributing dividends at a consistent rate. Investors hoping to have a regular source of dividends opt for dividend stocks. 

Companies which offer steady dividends are usually settled companies in mature industries such as utility, FMCG, energy, etc.

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Here we have covered top dividend-paying companies having share prices under ₹ 100 per share.

PNB Gilts Ltd

A subsidiary of Punjab National Bank, PNB Gilts is an underwriter dealing in a variety of fixed income securities such as government securities, treasury bills, state development loans, corporate bonds, and interest rate swaps. It also trades various money market instruments such as certificates of deposits, commercial papers, etc. 

It is a small-cap stock having a market capitalization of ₹ 1,100 crores. It presently offers a dividend yield of 8.18% over its Friday closing price of ₹ 61.15.

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PTC India Ltd

Formerly known as Power Trading Corporation of India, PTC India is a state-sponsored company that provides power trading solutions, cross-border power trading, project financing and consultancy services. 

The stock closed at ₹ 73.95 on Friday, giving the small-cap company a market cap of ₹ 2,191 crores and a dividend yield of 10.18%. 

Steel Authority of India Ltd

SAIL is a large-cap public-sector undertaking involved in the production of iron and steel through its five integrated plants and three special steel plants.

The stock offers an impressive dividend yield of 12.87% as per its closing price of ₹ 68 per share on Friday, resulting in a market cap of ₹ 28,087 crores.

National Aluminium Company Ltd

Abbreviated as NALCO, it is one of the largest integrated primary producers of aluminium in Asia. It owns the entire value chain from bauxite mining and alumina to aluminium. 

The mid-cap government company presently offers a dividend yield of 7.22%. The company has a market cap of ₹ 12,727 and its stock at ₹ 69.30 presently trades at 1.02 times its book value.


Kolkata-based CESC is a mid-cap full integrated power company involved in the generation, transmission and distribution of electrical power. 

A part of RP – Sanjiv Goenka Group, the stock of Calcutta Electric Supply Corporation currently offers a dividend yield of 6.40%. It currently trades at ₹ 70.30 per share, 14% below its book value of ₹ 81.70.


Another public sector undertaking, the stock of HUDCO or Housing and Urban Development Corporation offers a dividend yield of 10.32%. The share price of the company presently trades at  ₹ 33.90 per share with a trailing twelve months price to earnings ratio of 3.96.

The company provides technology and finance services in the field of housing and infrastructure development.

Written by Vikalp Mishra


The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing

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