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With President Obama's visit to India, and his backing of India for a permanent seat on the U.N. Security Council, investors' eyes are turning towards investment opportunities in India, one of the BRIC countries [Brazil, Russia, India and China]. To offset some of the risk, dividends are available on more than half a dozen of the Indian stocks that trade in the United States, according to WallStreetNewsNetwork.com. Remember, dividends return your capital faster and can help to reduce volatility.

Tata Motors Ltd. (NYSE:TTM), a major automobile manufacturer in India also makes and markets utility vehicles, trucks, buses, and defense vehicles. It produces gasoline, electric and hybrid vehicles. The stock pays a yield of 1% and trades at only ten times forward earnings. Quarterly revenues grew 65% for the quarter ending June 30. The company also has about three and a half dollars per share in cash.

Another Indian stock that pays a dividend is ICICI Bank Ltd. (NYSE:IBN), the second largest bank in India and the largest private sector bank in India based on market capitalization. It currently yields 0.9% and has a forward price to earnings ratio of 20. Quarterly earnings jumped 79% on a revenue gain of 13.5% for the quarter ending March 31.

Wipro Ltd. (NYSE:WIT) is a semi-conglomerate, which sells software services, computer hardware such as computers, servers, and laptops, and personal care products, and lighting products. It has also invested in renewable energy projects. The stock has a yield of 0.8% and a forward PE of 29.

Disclosure: No positions

Source: Top Yielding India Stocks