Dividend yield is generally defined as the amount of cash dividends that are been paid out to shareholders in comparison to the market value per share. Companies which have matured and established for a few years are most likely to pay out dividends to their stakeholders.
Listed below are two stocks under ₹ 150 having a dividend yield of more than 5 percent:
Gujarat Pipavav Port Limited:
Gujarat Pipavav Port Limited is an operator of terminal ports facilitating the import and export of bulk dry cargo such as coal, etc. In addition, the company also focuses on liquid cargo such as LPG, etc.
The company’s shares are currently trading today at Rs 114.35, down around 0.80 percent as compared to the previous closing levels of Rs 115.25. It has a market capitalization of Rs 5,532 crores.
During the financial year 2022-2023, the company paid out a dividend of Rs 6.10 per equity share, and comparing the same with the prevailing stock prices, it arrives at a dividend yield of around 5.33 percent.
CESC Limited:
CESC Limited is engaged in the business of generating and distributing electricity. It owns as well as operates a portfolio of facilities primarily utilizing coal, etc. The company, through its subsidiaries, is also involved in sectors such as retail, infrastructure, etc.
The company’s shares are currently trading today at Rs 73.15, gaining around 0.20 percent as compared to the previous closing levels of Rs 73.05. It has a market capitalization of Rs 9,676 crores.
During the financial year 2022-2023, the company paid out a dividend of Rs 4.50 per equity share, and comparing the same with the prevailing stock prices, it arrives at a dividend yield of around 6.15 percent.
Written by Amit Madnani
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