The ‘dividend yield’ is a ratio that portrays how much income one earns in the form of dividend payouts annually for every dollar invested in a stock, a mutual fund, or any other financial instrument.
Listed below are five micro-cap stocks with high dividend yield that one should add to their watchlist:
PTL Enterprises Limited
With a market capitalization of Rs 601.92 crores, the stocks of PTL Enterprises Limited, engaged in the business of leasing tyre manufacturing plants, closed at Rs 45.47 on Friday, gaining around 0.60 percent as compared to the previous close of Rs 45.22 apiece.
Digging into the key metrics, the company reported a dividend yield of 3.87 percent. The recent financials of the company showcase opposing movements in the basic business indicators, viz, the operating revenues as well as after-tax profits.
The former, on one end, rose marginally from Rs 63.22 crores during FY21-22 to Rs 64.34 crores during FY22-23, and, the latter, during the same period, shifted down from Rs 32.99 crores to Rs 23.28 crores.
Vardhman Acrylics Limited
With a market capitalization of Rs 489.41 crores, the stocks of Vardhman Acrylics Limited, a leading manufacturer and supplier of acrylic fibre and tow in India, closed at Rs 60.90 on Friday, slipping around 1 percent as compared to the previous close of Rs 61.50 apiece.
Looking at the key metrics, the company reported a dividend yield of 4.07 percent. The recent financials of the company showcase an increase in the basic business indicators, viz, the operating revenues as well as after-tax profits.
The former rose from Rs 303.33 crores during FY21-22 to Rs 426.66 crores during FY22-23, and, the latter, during the same period, shifted from Rs 14.56 crores to Rs 32.86 crores.
Oswal Greentech Limited
With a market capitalization of Rs 834.89 crores, the stocks of Oswal Greentech Limited, engaged in trading and development of real estate projects, closed at Rs 32.51 on Friday, slipping nearly 4 percent as compared to the previous close of Rs 33.58 apiece.
Having a walkthrough of the key metrics, the company reported a dividend yield of 4.47 percent. The recent financials of the company showcase a decrease in the basic business indicators, viz, the operating revenues as well as after-tax profits.
The former reduced from Rs 24.01 crores during FY21-22 to Rs 20.5 crores during FY22-23, and, the latter, during the same period, dipped from Rs 46.05 crores to Rs 37.88 crores.
Gloster Limited
With a market capitalization of Rs 957.54 crores, the stocks of Gloster Limited, manufacturing and exporting Jute and allied products, closed at Rs 875 on Friday, gaining around 1 percent as compared to the previous close of Rs 866.80 apiece.
Having a glance at the key metrics, the company reported a dividend yield of 8.07 percent. The recent financials of the company showcase a decrease in the basic business indicators, viz, the operating revenues as well as after-tax profits.
The former dipped from Rs 733.82 crores during FY21-22 to Rs 710.18 crores during FY22-23, and, the latter, during the same period, shifted down from Rs 65.28 crores to Rs 54.39 crores.
Written by Amit Madnani
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