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Five High Income Stocks From India

|Includes: Aflac Incorporated (AFL), BHE

Investing in high yield dividend stocks has been a very popular strategy in stock market. It is also beneficial for retirees as it generates income for their retirement. The young investors who believe the compounding effect of reinvested dividends, this strategy is surely a good way to increase their capital. In this article I am sharing five Indian dividend stocks to buy that also have high yield which investors can consider for their investments.

Accel Frontline Limited (NSE: AFL) -

Accel Frontline Ltd is an Information Technology services based in Chennai, India. Its main business is providing IT infrastructure management, software solutions and warrant management services. Its principal lines of business in IT services. The company operates through an all-India network or more than 100 locations in India and overseas offices in Dubai, Singapore, London, Tokyo and Santa Clara California. It offers services, such as engineering and R&D services, enterprise application services, it infrastructure services, and auxillary services.

The company has a market capitalization of 604.12 Million, EPS is 2.30, P/E ratio is 10.82 and the dividend yield is 6.02% at the annual dividend payout of 1.50.

Accelya Kale Solutions Ltd (NSE: ACCELYA) -

Accelya Kale Solutions Limited is a software solutions provider to the airline and travel industry. The company operates in one division, which addresses the Travel and Transportation vertical. It also offers data analytics, managed process outsourcing services, software products, platforms solutions, customized technology and hosting services. The company provides revenue accounting, audit services, financial management, business intelligence and analytics, miscellaneous billing, simplified interlines settlement (SIS) compliance and business process outsourcing services.

The company has a market capitalization of 6.71 Billion, EPS is 41.68, P/E ratio is 10.78 and the dividend yield is 6.67% at the annual dividend payout of 30.00.

Cairn India Limited (NSE: CAIRN) -

Cairn India Limited is an Indian-based company which is engaged in the business of oil and gas exploration and production. It is one of the largest independent oil and gas exploration and production companies in India. As part of its business activities, the company also holds interest in its subsidiary companies, which have been granted rights to explore and develop oil exploration blocks in the Indian sub-continent. Its subsidiaries include Cairn Energy Australia Pty Limited, Cairn Energy Asia Pty Limited, CIG Mauritius Private Limited and Cairn Energy Cambay BV.

It has a market capitalization of 550.15 Billion, EPS is 63.07, P/E ratio is 4.57 and the dividend yield is 3.99% at the annual dividend payout of 6.50.

NMDC Limited (NSE: NMDC) -

NMDC limited is an iron ore producer and exporter. It is fully owned by the Indian Government and is under administrative control of the Ministry of Steel. The company operates in two business segments: Iron ore and other minerals and services. It is engaged in the exploration of a range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite gypsum, magnetite, diamond, tin, tungsten, graphite, and beach sands. On December 12, 2011, the company's wholly owned subsidiary NMDC Power Ltd was incorporated.

The company has a market capitalization of 461.89 Billion, EPS is 16.45, P/E ratio is 7.08 and the dividend yield is 4.72% at the annual dividend payout of 1.00.

Bharat Heavy Electricals Limited (NSE: BHE) -

Bharat Heavy Electrical Limited is an Indian-based integrated power plant equipment manufacturer. It operates as an engineering and manufacturing company. BHEL has its two business segments: Power ad industry. It is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, transmission, industry, renewable energy, oil & gas and defense.

It has a market capitalization of 496.01 Billion, EPS is 12.73, P/E ratio is 15.92 and the dividend yield is 2.86% at the annual dividend payout of 3.29.

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