Top 5 High-Dividend Yield Stocks with Sustainable Payouts

High dividend yield alone is not enough. Sustainable dividends require strong earnings, healthy cash flows, and controlled payout ratios. Below are five Indian stocks that have delivered attractive dividends over the last five years while maintaining balance-sheet strength.

offers one of the highest and most reliable dividend yields at ~6–8%, supported by a 45–55% payout ratio. With strong cash generation and negligible debt, dividends remain well covered despite ESG concerns. delivers stable income through its regulated transmission business. The stock provides a ~4–5% dividend yield with a 55–60% payout ratio. Predictable cash flows ensure high dividend visibility, making it a low-risk income stock. combines a ~4.5–6% yield with a 40–50% payout ratio. Strong operating cash flows and low leverage support dividend payments, though earnings remain sensitive to crude oil price cycles. stands out among metals with a ~6–7% dividend yield. A ~60% payout ratio, low debt, and strong free cash flow provide sustainability, while metal price volatility remains the key risk. offers a ~5–7% yield with a 40–50% payout ratio. Improving asset quality, PSU backing, and solid earnings growth make it one of the best high-yield stocks in the financial space. Conclusion: These stocks strike a balance between high dividend yield and sustainability, making them suitable for long-term income-focused portfolios rather than short-term dividend traps.