For investors seeking a balance of income and stability, defensive dividend stocks can be a valuable addition to a portfolio. Below is the list of stocks that not only offer a reliable dividend yield, specifically above 3%, but also demonstrate lower volatility than the market, as indicated by a 3-month beta of under 0.7. These characteristics suggest a potential for more consistent returns and reduced risk during turbulent times.
HCL Technologies Ltd
HCL Tech is a leading global IT services company, which is ranked amongst the top five Indian IT services companies in terms of revenues. Since its inception into the global landscape after its IPO in 1999, HCL Tech has focused on transformational outsourcing, and offers an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services, and BPO.
Market capitalization: Rs. 4,30,631 crores
Return on Equity (ROE): 24.98 percent
Dividend yield: 3.78 percent
3-month beta value: 0.48
D B Corp Ltd
D.B. Corp Ltd is engaged in the business of publishing newspapers, radio broadcasting, providing integrated internet and mobile interactive services, and event management. Its major brands include Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarat daily), and Divya Marathi (Marathi daily).
Market capitalization: Rs. 4,469.06 crores
Return on Equity (ROE): 20.84 percent
Dividend yield: 5.18 percent
3-month beta value: 0.36
Alldigi Tech Ltd
Alldigi Tech is a global leader in outsourcing solutions offering future-ready, resilient business transformation services to industry heavyweights, Fortune 100 companies, and growth-focused organizations. The services provided by the Company include data verification, processing of orders received through telephone calls, telemarketing, monitoring quality of calls of other call centers, customer services ,and HR and payroll processing.
Market capitalization: Rs. 1,479.64 crores
Return on Equity (ROE): 23.27 percent
Dividend yield: 4.63 percent
3-month beta value: 0.24
Stovec Industries Ltd
Stovec Industries Ltd manufactures and sells Textile Machinery & Consumables, Graphics Consumables, and Digital Machines. The Company is the Market leader in India for Rotary Screens and Printing Machines. It essentially operates in three verticals, viz. Textile Printing, Graphics Printing, and Sugar Filtration.
Market capitalization: Rs. 543.39 crores
Return on Equity (ROE): 10.37 percent
Dividend yield: 4.42 percent
3-month beta value: 0.55
Kama Holdings Ltd
KAMA Holdings Ltd is a core investment company, while the principal activities of its subsidiaries are manufacturing, purchasing, and selling technical textiles, chemicals, packaging films, and other polymers. The company is widely recognized for its R&D capabilities globally, especially in the niche domain of chemicals
Market capitalization: Rs. 8,448.65 crores
Return on Equity (ROE): 11.05 percent
Dividend yield: 3.84 percent
3-month beta value: 0.28
Written by likesh babu s
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