5 Indian Tech Stocks that Pay Dividends

4. Cyient Limited (NSE:CYIENT.NS)

Dividend Yield as of August 15: 2.90%

Cyient Limited (NSE:CYIENT.NS) is a Hyderabad-based multinational technology company that focuses on data analytics and network and operations. In the past five years, the stock delivered a 62.3% return to shareholders, as of the close of August 14.

In Q1 2023, Cyient Limited (NSE:CYIENT.NS) reported a revenue of INR 12.5 million, up 18.1% from the same period last year. The company’s Group and Services order intake grew by 18% year-over-year. Moreover, it also showed a 15.8% year-over-year growth in its Constant Currency Revenue.

Cyient Limited (NSE:CYIENT.NS) has a very strong dividend policy and distributes a maximum of 40% of its profit after tax as dividends to shareholders. The company offers a quarterly dividend of INR 2.90 per share, with a dividend yield of 2.90%, as recorded on August 15.