3 Small cap stocks with a high Dividend Yield of more than 4%; Do you hold any?

The ‘Dividend Yield’ is a ratio that portrays how much income is earned by way of dividends per year for every dollar that is invested in a stock, an exchange-traded fund (ETF), or a mutual fund. 

Listed below are 4 Small-cap stocks with a Dividend Yield of more than 4 percent: 

National Aluminium Company Limited 

National Aluminium Company Limited (NALCO) is engaged in the process of mining, producing, and selling aluminium and alumina-based products. The company operates through two broad segments such as the ‘Aluminium’ & ‘Chemicals’ segments. Moreover, the company owns and operates multiple power plants throughout India. 

The company has a market capitalization of Rs 14,812 crores and its shares were trading at a price of Rs 79.70, down around 1.18 percent as compared to the previous closing price of Rs 80.65. The company has paid a total dividend of Rs 3.50 during FY22-23 which equates to a dividend yield of around 4.30 percent. 

Castrol India Limited 

With a majority of revenues coming from India, Castrol India Limited is involved in manufacturing and selling transmission fluids, engine oil, and other lubricants to the ‘Automotive’ industry. The company’s reportable business segment just consists of the ‘Lubricants’ segment. 

The company has a market capitalization of Rs 11,172 crores and its shares were trading at a price of Rs 113.05, flat as compared to the previous closing price of Rs 112.95. The company has paid a total dividend of Rs 6.50 during FY22-23 which equates to a dividend yield of around 5.75 percent. 

CESC Limited 

CESC Limited is an Indian power utility company that is engaged in the process of generation and distribution of electricity. It owns and operates a portfolio of energy-generating facilities primarily utilizing thermal fuel sources, such as coal. The company generates a vast majority of its revenue from the sale of electricity to commercial establishments and consumer households in the state of West Bengal. 

The company has a market capitalization of Rs 9,252 crores and its shares were trading at a price of Rs 70.05, up around 0.36 percent as compared to the previous closing price of Rs 69.80. The company has paid a total dividend of Rs 4.50 during FY 22-23 which equates to a dividend yield of around 6.44 percent.

Written by Amit Madnani

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