How to Find Dividend Income Stocks ?

POSTED BY Mahesh Kay ON January 5, 2014 9:18 am COMMENTS (7)

I am in 10% income slab. I also do part time consulting and apart from that also do the real estate agent work. I have slow career growth as of now. I have my investment into the FD, ETF and PPF for now. I get amount of about 5-6K every alternate month which I would like to invest into the dividend based stocks. I don’t prefer trading everyday because of the limited time and the risk associated with it.

So my current focus is to find the stocks which are good at giving dividend for regular income. Now I am not sure which are some of the resource which can guide me properly to search for such stocks. Is there any site that maintains any such list? Any newspaper or magazine that keeps track of such stocks?

What would you advice to a person who is looking for dividend income based stocks?

7 replies on this article “How to Find Dividend Income Stocks ?”

  1. ashalanshu says:

    Dear Mahesh, in my personal opinion, please invest the money in MFs of your choice and let it grow into a big corpus over the period of time.

    Thanks

    Ashal

  2. ashalanshu says:

    Dear Mahesh, regular dividend looks useful but what about actual earning from your stocks in the name of dividend. Remember Dividend is declared on the Face Value of stocks and not on the market price. So your whole structure of earning a good passive income may require a really large size portfolio.

    Thanks

    Ashal

    1. Mahesh Kay says:

      I can’t do short term trading due to time constraints. I have option of either buying the stocks that can give some dividend earning. Or I can make use of that money to invest in mutual funds or just buy FD and put the money in PPF. I am doing these other options without fail, so my current unused options are stock and mutual funds. ‘

      I agree that I have to use a lot of shares in order to earn some decent passive income but not sure how to proceed in such case.

  3. Sumit says:

    HI Mahesh,

    I didn’t consider this chart while creating my stock portfolio. I have my own criterion to select stocks, like – valuations, consistency, sector outlook, long term prospects and my personal logic/choices. May be 2/3 of my stocks are from this list by chance, but I didn’t think about regular divedents as a criteria while selecting stocks.
    Choose good business that will grow in longer term rather than only looking for regular divedents. 🙂

    Thanks
    Sumit

  4. Mahesh Kay says:

    Hi Sumit,

    Thanks a lot. I have one more question. How do you select which stock to go with when it comes to this chart ?

    I would appreciate input on that 🙂

    1. Sumit says:

      See Mahesh, Coal India announced special dividend of Rs 29/sh, would you have invested in Coal India, you would be getting such a significant amount without worrying about time to sell etc. + share price is more than 10% up from that valuation.

  5. Sumit says:

    Mahesh,

    Here is a list you can consider:
    http://www.moneycontrol.com/stocks/marketstats/bsetopdiv/

    I have Coal India in my portfolio, which gives regular divedents. Currently it is in good valuations to buy. But do your own research before you take any decision.

    Thanks
    Sumit

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