New Delhi, Oct. 24 -- A trailing dividend yield is calculated by dividing the dividends paid over the last 12 months by today's share price. While most screeners use this metric to rank high-yield dividend stocks, it can be misleading for three reasons: a one-time special dividend, changes in share count or business fundamentals after the payout, or a dividend that has already gone ex-dividend, meaning new buyers will not receive it. That is why examining these factors is crucial before investing in high-yield dividend stocks.

We have done the heavy lifting for you. Today, we look at five Indian stocks offering dividend yields of up to 10%.

We selected these five stocks by rebuilding each yield directly from its dividend record, using t...