5 highest dividend Yield penny stocks: 5 penny stocks whose price is less than Rs45 sent out regular dividends to their shareholders. BMW Industries, Gothi Plascon (India) Ltd, QGO Finance Ltd, Choksi Imaging Ltd, and SJVN Ltd are among these penny stocks. The highest possible dividend yield is 5.33%. (5 highest dividend Yield penny stocks in India) Here are the details:
BMW Manufacturing
Recently this month BMW Manufacturing has issued an interim dividend of Rs 0.2/- (20%) per Equity Share. The market capitalisation of the metal sector penny stock is Rs 724.78 crore.
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The stock’s last trading price was Rs 32.20 per share. For the fiscal year ending March 2022, the firm declared an equity dividend of 2.00%, equal to Rs 0.02 per share. In the last three months, the stock returned 18%. It has gained 11% in the last year and 83% in the last three years.
(5 highest dividend Yield penny stocks in India)
Gothi Plascon (India) Ltd
The stock’s last trading price was Rs 28.50 per share, representing a 1.79% intraday gain. It is worth Rs 29.07 crore on the stock exchange. It issued an interim dividend of Rs 2/- (Rupee Two only) earlier this year on January 16, 2023, i.e. 20% per equity share of Rs 10/-.
It returned 39% in the last three months, 19% in the last year, and 267% in the last three years. The small-cap firm operates in the Plastics industry.
(5 highest dividend Yield penny stocks in India)
QGO Finance Ltd.
The stock’s last trading price was Rs 43.00 a share, with a market capitalisation of Rs 29.90 crore. For fiscal year 2022-23, the Board declared a third interim dividend of 1% (one percent) per equity share. It set February 9, 2023 as the record date.
The Financial Services sector stock returned 26% in the last three months and 65% in the last year. It has gained 79% in the last six months. QGO Finance declared an equity dividend of 3.00%, or Rs 0.3 per share, for the fiscal year ending March 2022. Since 2021, the corporation has declared dividends on a regular basis. It declared four dividends last year.
Choksi Imaging Ltd
The stock’s last trading price was Rs 43.00 per share. It is worth Rs 16.77 crore on the stock exchange. For the fiscal year ending March 2022, the firm announced an equity dividend of 25.00%, or Rs 2.5 per share.
The company has a solid dividend track record and has declared various dividends over the years. It operates in the Miscellaneous sector and has provided a return of 8% over the previous year and 32% over the last six months. It fell 9% in the last three months.
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(5 highest dividend Yield penny stocks in India)
SJVN Ltd.
Satluj Jal Vidyut Nigam, or SJVN, is an Indian government-owned hydroelectric power generation and transmission corporation. The stock’s last trading price was Rs 31.90 per share. It has a market value of Rs 12,536.05. The dividend is declared often by the mid cap stock. During the past five years, it has declared a regular dividend.
It declared an equity dividend of Rs 1.7 per share for the fiscal year ending March 2022. When the current market price of Rs 31.90 is considered, the dividend yield is 5.33%. The Power sector stock returned 11% in the previous six months, 4% in the last year, and 27% in the last three years.
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