5 Top High-Dividend Stocks to buy for May 2024 

Published : 30 May 2024

HCL Technologies Ltd

The company is one of the leading providers of IT solutions. Its shares are trading at around Rs. 1356.50. HCL’s ROCE and ROE are 27.92% and 22.37% respectively. At the same time, the dividend yield ratio was 5.17%.

LTIMindtree Ltd

It is one of the biggest players in the IT services sector in the country. Its shares are trading at around Rs. 4880.00 at present with ROCE and ROE of 28.73% and 22.89%. The dividend yield is 1.33%.

Coal India Ltd

The company is the largest producer of coal globally. It is currently trading around Rs. 486.80 with an ROCE of 27.89% and an ROE of 45.21%. Its dividend yield is around 5.24%.

Indian Oil Corporation Ltd

It is one of the biggest players in India in the oil and petroleum sector. The company’s share is trading at around Rs. 165.20. Its ROCE and ROE are 23.90% and 22.75% respectively. At the same time, the dividend yield is 7.27%.

Swaraj Engines Ltd

Swaraj Engines’ shares are trading at around Rs. 2470.95 at present with ROCE and ROE of 49.19% and 37.40% while the dividend yield ratio is noted at 3.85%. The company is known to make tractors.