Best Dividend Stocks Under Rs.500

67 dividend-paying stocks priced under Rs.500, ranked by yield.

Rank	Company	Yield	Price	12M Dividend	Sector
#1	Taparia Tools TAPARIA	228.81%	Rs.25.13	Rs.57.50	Metals & Mining
#2	India Infrastructure Trust - ENERGYINF ENERGYINF	18.93%	Rs.11.30	Rs.2.14	Utilities
#3	PennantPark Investment Corp PNNT	18.83%	$0.21	$0.04	Banking & Finance
4	PowerGrid Infra PGINVIT	12.83%	Rs.93.25	Rs.12.00	Realty
5	IRB InvIT Fund IRBINVIT	11.59%	Rs.61.62	Rs.7.00	Realty
6	India Grid Trust INDIGRID	9.38%	Rs.173.94	Rs.16.10	Realty
7	Ptc India Ltd PTC	8.80%	Rs.184.08	Rs.14.70	Utilities
8	Bharat Petroleum BPCL	7.70%	Rs.306.65	Rs.22.50	Oil & Gas
9	Balmer Lawrie & Comp BALMLAWRIE	7.57%	Rs.176.00	Rs.12.75	Diversified
10	Indian Oil IOC	7.13%	Rs.143.40	Rs.10.00	Oil & Gas
11	Gujarat Pipavav Port GPPL	6.41%	Rs.155.22	Rs.9.60	Transportation
12	Coal India COALINDIA	6.06%	Rs.455.85	Rs.26.40	Metals & Mining
13	REC RECLTD	5.65%	Rs.371.90	Rs.19.60	Banking And Finance
14	Embassy Office Parks REIT EMBASSY	5.46%	Rs.426.98	Rs.24.46	Realty
15	Wipro Ltd WIPRO	5.42%	Rs.198.58	Rs.11.00	Software & Services
16	Castrol CASTROLIND	4.90%	Rs.183.14	Rs.8.75	Oil & Gas
17	Itc Ltd ITC	4.80%	Rs.303.70	Rs.14.35	Food, Beverages & Tobacco
18	Brookfield Real Estate BIRET	4.77%	Rs.324.86	Rs.15.90	Realty
19	Oil And Natural Gas Corporation Ltd ONGC	4.69%	Rs.285.30	Rs.13.50	Oil & Gas
20	Hindustan Petroleum HINDPETRO	4.45%	Rs.371.95	Rs.15.50	Oil & Gas
21	VST Industries VSTIND	4.42%	Rs.256.93	Rs.10.00	Food, Beverages & Tobacco
22	Nmdc Ltd NMDC	4.07%	Rs.88.77	Rs.3.50	Metals & Mining
23	Gail India Ltd GAIL	3.91%	Rs.165.15	Rs.6.00	Utilities
24	Power Finance PFC	3.85%	Rs.466.60	Rs.16.65	Banking And Finance
25	Rites Ltd RITES	3.82%	Rs.217.59	Rs.7.85	Cement And Construction
26	Petronet LNG PETRONET	3.77%	Rs.272.73	Rs.10.00	Oil & Gas
27	Mindspace REIT MINDSPACE	3.76%	Rs.469.90	Rs.18.10	Realty
28	Cesc Ltd CESC	3.73%	Rs.179.99	Rs.6.00	Utilities
29	Target TGT	3.72%	$30.65	$1.14	Retailing
30	Bank of Maharashtra MAHABANK	3.57%	Rs.76.77	Rs.2.50	Banking And Finance
31	Xchanging Solutions Ltd XCHANGING	3.21%	Rs.64.69	Rs.2.00	Software & Services
32	AbbVie ABBV	3.20%	$54.06	$1.73	Pharma & Biotech
33	Ashok Leyland ASHOKLEY	3.05%	Rs.169.63	Rs.5.25	Automobiles & Auto Components
34	Bank of Baroda BANKBARODA	3.02%	Rs.272.03	Rs.8.35	Banking And Finance
35	Power Grid Corp POWERGRID	3.00%	Rs.315.85	Rs.9.00	Utilities
36	Housing and Urban HUDCO	2.98%	Rs.211.67	Rs.5.60	Banking And Finance
37	Indraprastha Gas IGL	2.93%	Rs.164.49	Rs.4.75	Utilities
38	Canara Bank CANBK	2.88%	Rs.139.86	Rs.4.00	Banking And Finance
39	Bank of India BANKINDIA	2.80%	Rs.146.84	Rs.4.05	Banking And Finance
40	National Aluminium NATIONALUM	2.64%	Rs.438.15	Rs.11.00	Metals & Mining
41	Punjab National Bank PNB	2.62%	Rs.112.46	Rs.2.90	Banking And Finance
42	Union Bank UNIONBANK	2.58%	Rs.176.40	Rs.4.75	Banking And Finance
43	Oil India OIL	2.52%	Rs.474.90	Rs.12.00	Oil & Gas
44	Nhpc Ltd NHPC	2.46%	Rs.80.46	Rs.1.91	Utilities
45	Ntpc Ltd NTPC	2.29%	Rs.401.15	Rs.8.85	Utilities
46	Indian Railway Finance Corporation Ltd IRFC	2.12%	Rs.103.32	Rs.2.10	Banking And Finance
47	Karnataka Bank KTKBANK	2.08%	Rs.241.95	Rs.5.00	Banking And Finance
48	Sjvn Ltd SJVN	2.01%	Rs.77.50	Rs.1.46	Utilities
49	Trident Ltd TRIDENT	1.99%	Rs.25.49	Rs.0.50	Textiles Apparels & Accessories
50	MSTC MSTCLTD	1.79%	Rs.434.60	Rs.7.60	Commercial Services & Supplies
51	Tata Motors PV TMPV	1.74%	Rs.349.00	Rs.6.00	Automobiles & Auto Components
52	Tata Steel TATASTEEL	1.74%	Rs.210.62	Rs.3.60	Metals & Mining
53	Ircon International IRCON	1.63%	Rs.149.28	Rs.2.20	Cement And Construction
54	UCO Bank UCOBANK	1.51%	Rs.26.43	Rs.0.39	Banking And Finance
55	South Ind Bank SOUTHBANK	1.04%	Rs.38.61	Rs.0.40	Banking And Finance
56	Rail Vikas Nigam RVNL	1.00%	Rs.302.46	Rs.2.72	Cement And Construction
57	Steel Authority Of India Sail Ltd SAIL	0.95%	Rs.178.03	Rs.1.60	Metals & Mining
58	Motherson Sumi Wiring MSUMI	0.91%	Rs.39.28	Rs.0.35	Automobiles & Auto Components
59	Nbcc India Ltd NBCC	0.77%	Rs.92.02	Rs.0.68	Cement And Construction
60	Bharat Electronics BEL	0.64%	Rs.440.60	Rs.2.85	General Industrials
61	Samvardhana Motherson International Ltd MOTHERSON	0.59%	Rs.125.91	Rs.0.70	Automobiles & Auto Components
62	Tata Power Company TATAPOWER	0.55%	Rs.429.70	Rs.2.25	Utilities
63	Indian Renewable IREDA	0.49%	Rs.135.07	Rs.0.60	Banking And Finance
64	IDFC First Bank IDFCFIRSTB	0.39%	Rs.67.26	Rs.0.25	Banking And Finance
65	Varun Beverages VBL	0.35%	Rs.486.15	Rs.1.50	Food, Beverages & Tobacco
66	Jio Financial JIOFIN	0.21%	Rs.249.37	Rs.0.50	Banking And Finance
67	Bharat Heavy Electricals BHEL	0.17%	Rs.337.90	Rs.0.50	General Industrials

#1 Taparia Tools

228.81%

TAPARIA • Metals & Mining Rs.25

#2 India Infrastructure Trust - ENERGYINF

18.93%

ENERGYINF • Utilities Rs.11

#3 PennantPark Investment Corp

18.83%

PNNT • Banking & Finance $0

#4 PowerGrid Infra

12.83%

PGINVIT • Realty Rs.93

#5 IRB InvIT Fund

11.59%

IRBINVIT • Realty Rs.62

#6 India Grid Trust

9.38%

INDIGRID • Realty Rs.174

#7 Ptc India Ltd

8.80%

PTC • Utilities Rs.184

#8 Bharat Petroleum

7.70%

BPCL • Oil & Gas Rs.307

#9 Balmer Lawrie & Comp

7.57%

BALMLAWRIE • Diversified Rs.176

#10 Indian Oil

7.13%

IOC • Oil & Gas Rs.143

#11 Gujarat Pipavav Port

6.41%

GPPL • Transportation Rs.155

#12 Coal India

6.06%

COALINDIA • Metals & Mining Rs.456

#13 REC

5.65%

RECLTD • Banking And Finance Rs.372

#14 Embassy Office Parks REIT

5.46%

EMBASSY • Realty Rs.427

#15 Wipro Ltd

5.42%

WIPRO • Software & Services Rs.199

#16 Castrol

4.90%

CASTROLIND • Oil & Gas Rs.183

#17 Itc Ltd

4.80%

ITC • Food, Beverages & Tobacco Rs.304

#18 Brookfield Real Estate

4.77%

BIRET • Realty Rs.325

#19 Oil And Natural Gas Corporation Ltd

4.69%

ONGC • Oil & Gas Rs.285

#20 Hindustan Petroleum

4.45%

HINDPETRO • Oil & Gas Rs.372

#21 VST Industries

4.42%

VSTIND • Food, Beverages & Tobacco Rs.257

#22 Nmdc Ltd

4.07%

NMDC • Metals & Mining Rs.89

#23 Gail India Ltd

3.91%

GAIL • Utilities Rs.165

#24 Power Finance

3.85%

PFC • Banking And Finance Rs.467

#25 Rites Ltd

3.82%

RITES • Cement And Construction Rs.218

#26 Petronet LNG

3.77%

PETRONET • Oil & Gas Rs.273

#27 Mindspace REIT

3.76%

MINDSPACE • Realty Rs.470

#28 Cesc Ltd

3.73%

CESC • Utilities Rs.180

#29 Target

3.72%

TGT • Retailing $31

#30 Bank of Maharashtra

3.57%

MAHABANK • Banking And Finance Rs.77

#31 Xchanging Solutions Ltd

3.21%

XCHANGING • Software & Services Rs.65

#32 AbbVie

3.20%

ABBV • Pharma & Biotech $54

#33 Ashok Leyland

3.05%

ASHOKLEY • Automobiles & Auto Components Rs.170

#34 Bank of Baroda

3.02%

BANKBARODA • Banking And Finance Rs.272

#35 Power Grid Corp

3.00%

POWERGRID • Utilities Rs.316

#36 Housing and Urban

2.98%

HUDCO • Banking And Finance Rs.212

#37 Indraprastha Gas

2.93%

IGL • Utilities Rs.164

#38 Canara Bank

2.88%

CANBK • Banking And Finance Rs.140

#39 Bank of India

2.80%

BANKINDIA • Banking And Finance Rs.147

#40 National Aluminium

2.64%

NATIONALUM • Metals & Mining Rs.438

#41 Punjab National Bank

2.62%

PNB • Banking And Finance Rs.112

#42 Union Bank

2.58%

UNIONBANK • Banking And Finance Rs.176

#43 Oil India

2.52%

OIL • Oil & Gas Rs.475

#44 Nhpc Ltd

2.46%

NHPC • Utilities Rs.80

#45 Ntpc Ltd

2.29%

NTPC • Utilities Rs.401

#46 Indian Railway Finance Corporation Ltd

2.12%

IRFC • Banking And Finance Rs.103

#47 Karnataka Bank

2.08%

KTKBANK • Banking And Finance Rs.242

#48 Sjvn Ltd

2.01%

SJVN • Utilities Rs.78

#49 Trident Ltd

1.99%

TRIDENT • Textiles Apparels & Accessories Rs.25

#50 MSTC

1.79%

MSTCLTD • Commercial Services & Supplies Rs.435

#51 Tata Motors PV

1.74%

TMPV • Automobiles & Auto Components Rs.349

#52 Tata Steel

1.74%

TATASTEEL • Metals & Mining Rs.211

#53 Ircon International

1.63%

IRCON • Cement And Construction Rs.149

#54 UCO Bank

1.51%

UCOBANK • Banking And Finance Rs.26

#55 South Ind Bank

1.04%

SOUTHBANK • Banking And Finance Rs.39

#56 Rail Vikas Nigam

1.00%

RVNL • Cement And Construction Rs.302

#57 Steel Authority Of India Sail Ltd

0.95%

SAIL • Metals & Mining Rs.178

#58 Motherson Sumi Wiring

0.91%

MSUMI • Automobiles & Auto Components Rs.39

#59 Nbcc India Ltd

0.77%

NBCC • Cement And Construction Rs.92

#60 Bharat Electronics

0.64%

BEL • General Industrials Rs.441

#61 Samvardhana Motherson International Ltd

0.59%

MOTHERSON • Automobiles & Auto Components Rs.126

#62 Tata Power Company

0.55%

TATAPOWER • Utilities Rs.430

#63 Indian Renewable

0.49%

IREDA • Banking And Finance Rs.135

#64 IDFC First Bank

0.39%

IDFCFIRSTB • Banking And Finance Rs.67

#65 Varun Beverages

0.35%

VBL • Food, Beverages & Tobacco Rs.486

#66 Jio Financial

0.21%

JIOFIN • Banking And Finance Rs.249

#67 Bharat Heavy Electricals

0.17%

BHEL • General Industrials Rs.338

Frequently Asked Questions

Which are the best dividend stocks under Rs.500?

We track 67 dividend-paying stocks priced under Rs.500. These include PSU stocks, mining companies, and banking stocks that offer attractive yields at affordable prices.

Can I build a dividend portfolio with stocks under Rs.500?

Yes. Many PSU and large-cap stocks trade under Rs.500 with yields above 4-5%. Diversify across sectors for a balanced dividend income portfolio.