A dividend is only as safe as the profits and balance sheet behind it. A low payout ratio leaves room to keep paying through a bad year, and low debt means lenders do not come first. This screen lists stocks on the Bombay Stock Exchange yielding more than 3% with a payout ratio below 60%, positive earnings and a debt-to-equity ratio below 1, highest yield first. Prices are in Indian rupees, and the list covers BSE-listed stocks with at least 50 million rupees in average daily trading value.
