Thing is that companies with public shareholders tend to give serious dividends as the profits go to the government. There is still a play to be done on these ones. For example Petroleum Brasil I think gave a dividend of more than 80%. If you get paid for two years in a row, you recovered your investment.
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I also love to Invest in High Dividend Stocks but most of the times High Dividend Stocks tend to depreciate in value.
In the Indian Market there are a lot of High Dividend Yielding Stocks but only a handful give out incremental dividends as well as Price appreciation.