Three Zero-Debt, High-Dividend Stocks to Watch

Investors who want stable and consistent returns often look for companies that pay high dividends and have little to no debt.

In India, three such companies stand out: Coal India, Castrol India, and ITC.

Coal India is the world's largest coal producer and has been paying dividends every year since 2010.

It has a very low debt-to-equity ratio and a high dividend yield.

Castrol India, a small-cap company, has been paying dividends since 2000 and has no debt.

It is also expanding into new areas like electric vehicles and data center cooling.

ITC, a leading FMCG company, has been paying dividends for over 25 years and has no debt.

However, it faces challenges due to recent tax hikes on tobacco products.

All three companies are good options for investors looking for stable, high-dividend stocks.