The “Dividend Yield” is a well-known metric showing how much a company pays out s dividends relative to its stock price. Generally, the dividend yield is expressed as a percentage of the stock prices.
Listed below are 2 Micro-Cap stocks that possess a dividend yield of up to 10 percent:
PTL Enterprises Limited
With a market capitalization of Rs 450 crores, the shares of PTL Enterprises Limited started their trading session today at Rs 35.65 and currently trade at 34.45, slipping about 8 percent as compared to the previous closing levels of Rs 37.40. The company’s stock touched its 52-week high price yesterday, i.e., 13th of July 2023 at a price of Rs 38.65.
Having a look at the dividend history, the company, during FY2022-2023, paid out a total dividend of Rs 1.75 per equity share making it a total dividend yield of 5.08 percent for the said financial year.
PTL Enterprises Limited, through its subsidiaries, is engaged in the business of leasing its tire manufacturing plants. All of the company’s activities function throughout the regions of India.
IL & FS Investment Managers Limited
With a market capitalization of Rs 260 crores, the shares of IL & FS Investment Managers Limited started their trading session today at Rs 8.20 and currently trade at 8.25, gaining about 0.60 percent as compared to the previous closing levels of Rs 8.20. The company’s stock touched its 52-week high price in September 2022 at a price of Rs 10.
Having a look at the dividend history, the company, during FY2022-2023, paid out a total dividend of Rs 0.80 per equity share making it a total dividend yield of 9.70 percent for the said financial year.
IL&FS Investment Managers Limited, founded in 1989, is an asset manager holding interest to invest in various sectors, some of which include renewable energy, consumer services, agriculture, fintech, healthcare, etc.
Written by Amit Madnani
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