Looking for the best stocks to buy but also want to be secured with a steady dividend return? Here’s a list for you to help you find the growth stocks with the best dividend payouts.

Coal India

Coal India Limited is a state-owned company headquartered in Kolkata. It is a coal mining and refinery company which got the status of a Maharatna PSU. Coal India accounts for nearly 82% of coal production in the whole world. In addition to that, it also accounts for 76% of the total thermal power generating capacity of the utility sector.

With the latest trading price of Rs. 141.30 as on closing of May 29, 2020, Coal India Limited has a dividend yield of 9.78% and the dividend payout ratio of 46.42%. This makes it an attractive stock to buy with the return on capital employed to be 26.65%.

Ashok Leyland

Ashok Leyland is an Indian company owned by Hinduja Group. It is the second-largest commercial vehicle manufacturer in India which happens to be headquartered in Chennai. Recently, it has been ranked as the 34th best brand in India. With a well-diversified portfolio across the automobile industry, it also has the largest fleet of logistics vehicles in the Indian Army and armed forces across the world.

With the latest trading price of Rs. 42.45 as on closing of May 29, 2020, Ashok Leyland has a dividend yield of 6.98% and the dividend payout ratio of 34.14%. This makes it an attractive stock to buy with the return on capital employed to be 28.32%.

Hindustan Zinc Limited

Hindustan Zinc is the second-largest producer of Zinc worldwide. As a subsidiary of Vedanta Limited, it also deals with Lead, Silver, and Calcium. The company is aggressively expanding its mining capacities and has several ongoing projects at hold.

With the latest trading price of Rs.171.30 as of the closing of May 29, 2020, Hindustan Zinc Limited has a dividend yield of 9.63%. This makes it an attractive stock to buy with the return on capital employed to be 26.65%.

Oil and Natural Gas Corporation Limited (ONGC)

Oil and Natural Gas Corporation Limited is a government-owned company that deals with crude oil and natural gas and contributes nearly 75% of the Indian domestic production. It is the only public sector company to feature in the Fortune’s List of “Most Admired Energy Company” and also has ranked in “Great Places to Work”.

With the latest trading price of Rs. 83.20 as on the closing of May 29, 2020, Oil and Natural Gas Corporation Limited has a dividend yield of 8.41% and the dividend payout ratio of 37.89%. This makes it an attractive stock to buy with the return on capital employed to be 21.66%.

Hindustan Petroleum Corporation Limited (HPCL)

Hindustan Petroleum Corporation Limited is a Maharatna PSU and is a subsidiary of ONGC. It is an oil and natural gas company with a strong marketing infrastructure.  HPCL has the second largest market share in the pipeline network in India. Moreover, it also owns and operates the largest Lube Refinery in the country.

With the latest trading price of Rs. 194.55 as on closing of May 29, 2020, Hindustan Petroleum Corporation Limited has a dividend yield of 10.28% and the dividend payout ratio of 24.71%. This makes it an attractive stock to buy with the return on capital employed to be 23.27%.