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ITC, Coal India and Vedanta cited as defensive dividend picks
The analysis says Coal India’s dividend yield has been screened in the 5% to 8% range, with an August 2026 screen pointing to about an 8% yield and ₹31.9 per share paid over the prior 12 months.
LiveMint Markets highlights five Indian dividend stocks that equity investors may consider for income and longer term compounding, while warning that a high dividend yield can sometimes signal underlying stress if the share price falls while dividends remain steady.
The outlet quotes Seema Srivastava, Senior Research Analyst at SMC Global Securities, saying ITC is the strongest defensive dividend option, with a dividend yield of around 5% supported by cash generation and a diversified business including cigarettes, FMCG, hotels, paperboards and agri.
Srivastava also points to Coal India, describing it as offering an attractive mix of high dividend yield, low valuation, and cash generation. The article notes recent dividend screening put Coal India in the 5% to 8% range, and cites an August 2026 screen that referenced an 8% yield and ₹31.9 per share paid over the preceding 12 months.
For risks, the analysis flags taxation and regulatory pressure on cigarettes for ITC, and for Coal India it highlights long term energy transition concerns, even as it says coal is expected to remain important for India’s power needs over the medium term. It also cites ONGC as offering about a 5% dividend yield and trading at an inexpensive valuation, with screening data showing around 6.8 times earnings.