As promised earlier, I am listing some of the high dividend paying stocks in market right now. You can go through the theory here -
1. Rural electrification corporation of India - 6%
2. Power Finance corporation of India - 5%
3. SJVN - 3%
4. NHPC - 5%
5. Indiabulls housing - 5%
6. Sonata software - 5%
7. PTC India financial services - 3%
These are the 7 stocks which gives substantial amount of their earnings to dividend, there are many more such companies in Indian market right now which occasionally pays high dividends, but i have picked mainly those scrips who are consistent dividend payers, whose valuation are attractive and which can be bought immediately to benefit from the upcoming dividend cycles.