Other than capital appreciation, investors also look out for stocks that can offer dividend income to boost their overall return. So, if you are also scouting for stocks that can offer decent dividends, here's a good news for you. As per Zee Business research inputs, as many as 66 companies from the BSE 500 univese can give a whopping dividend totalling to Rs 99,100 crore.

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Companies including the likes of HCL Technologies, Bharat Electronics, LTI Mindtree, Siemens are estimated to be siitting on an excess cash of up to 32,500 crore.

Company

Cash Balance (in crore)

Excess Cash (in crore)

HCL Tech

14400

8360

Bharat Electronics

10970

7980

LTI Mindtree

9340

6660

Siemens

7220

5390

Sun TV Network

4910

4140

Companies like Oracle Financial (OFSS) Services Software  ZF Commercial, Sun TV have excess cash up to 75 per cent of their balance sheet cash.

Company

Cash on 31st Mar 2024 Balance Sheet (in crore)

Excess Cash (in crore)

Oracle Financial

3290

3090

ZF Commercial

1320

1110

Sun TV Network

4910

4140

Pfizer

2050

1720

Finolex Cables

2280

1860

Graphite India

2620

1980

Furthermore, other companies including 

Honeywell Auto, Bosch, ZF Commercial, Abbott India can give an incremental dividend of up to Rs 500 per share.

Company

Excess Cash (in crore)

Excess Cash Per Share

Honeywell Auto

1800

2039

Bosch

2310

782

ZF Commercial

1110

587

Abbott India

1180

553

Other companies like can increase dividend yield by up to 10 per cent including Graphite India, Rites Ltd and Sun TV. Graphite India can emerge as the scrip with the highest dividend yield.

In the last 5 years, these 66 companies have made 15 per cent of their payouts through the share buyback route. But, only 16 companies have implemented their target payout policy. Furthermore, out of these, 4 companies follow the government's DIPAM policy.