Dividends are a way for companies to distribute a portion of their earnings back to the shareholders as a reward for their investment. Dividends can be an important source of income for investors, especially those looking for steady and predictable returns.
Dividends are usually associated with established companies that have a history of profitability. Growth-oriented companies might opt to reinvest profits back into the business rather than pay dividends, to fuel further expansion. They also reflect a company’s financial health and profitability, often signaling confidence from the management about future earnings.
Listed below are some of the stocks with dividend yield of upto 6.31 percent, that you can add to your portfolio to earn consistent returns.
Nirlon
Nirlon Limited is engaged in the business of development and management of the Industrial Park / Information Technology (IT) Park. It offers office premises to international and Indian corporates.
With a market capitalization of Rs. 3,714 Crores, the shares of Nirlon Limited closed at Rs. 412.15 per equity share, down 0.72 percent from its previous day’s close price of Rs. 415.15.
Nirlon Limited has reported a strong dividend yield of 6.31 percent and it has delivered a return of just 1 percent in a year.
Its Revenue from operations grew by 7.22 percent YoY from Rs. 149 Crores in Q2FY24 to Rs. 160 Crores in Q2FY25, accompanied by profits of Rs. 52 Crores to Rs. 56 Crores.
Styrenix Performance Materials
Styrenix Performance Materials Limited is engaged in manufacturing, trading, and selling Engineering Thermoplastics like Absolac, Polystyrene, and many others used for the manufacturing of home appliances, automobiles, consumer durables, business machines, and many more.
With a market capitalization of Rs. 4,166 Crores, the shares of Styrenix Performance Materials Limited closed at Rs. 2,369.50 per equity share, down 0.14 percent from its previous day’s close price of Rs. 2,372.85.
Styrenix Performance Materials Limited has reported a strong dividend yield of 4.13 percent and it has delivered a return of 72 percent in a year.
Its Revenue from operations grew by 9.78 percent YoY from Rs. 595 Crores in Q2FY24 to Rs. 653 Crores in Q2FY25, accompanied by profits of Rs. 56 Crores to Rs. 70 Crores.
Balmer Lawrie Investments
Balmer Lawrie Investments Limited under the administrative control of the Ministry of Petroleum & Natural Gas, Government of India, is a Non-Banking Financial Company engaged in holding equity shares of its subsidiary Balmer Lawrie & Co. Limited.
With a market capitalization of Rs. 1,710 Crores, the shares of Balmer Lawrie Investments Limited closed at Rs. 77.03 per equity share, down 1.14 percent from its previous day’s close price of Rs. 77.92.
Balmer Lawrie Investments Limited has reported a strong dividend yield of 4.93 percent and it has delivered a return of 80 percent in a year.
Its Revenue from operations grew by 9.21 percent YoY from Rs. 587 Crores in Q2FY24 to Rs. 642 Crores in Q2FY25, accompanied by profits of Rs. 64 Crores to Rs. 63 Crores.
MPS
MPS Limited is engaged in providing platforms, content, and learning solutions engaged in creating and developing content for powering education, research, and others for corporates
It includes content authoring/development, content production, content transformation, fulfillment, and customer support services. Its Platform solutions segment is engaged in developing and implementing various software and technology services programs.
With a market capitalization of Rs. 3,519 Crores, the shares of MPS Limited closed at Rs. 2,057.25 per equity share, down 0.83 percent from its previous day’s close price of Rs. 2,074.45.
MPS Limited has reported a strong dividend yield of 3.64 percent and it has delivered a return of 25 percent in a year.
Its Revenue from operations grew by 37.15 percent YoY from Rs. 130 Crores in Q2FY24 to Rs. 178 Crores in Q2FY25, accompanied by profits of Rs. 30 Crores to Rs. 35 Crores.
Written by: Bharath K.S
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