Investors are attracted to high dividend offering stocks as they assure them a tax-free income on hand, and investors invest in those stocks to gain only dividend yield based on their investments.
Dividend payments made by a company could be considered taken as a sign of stability and potential growth, which can attract investors and boost the stock price.
Here is a list of small-cap stocks that have provided the highest dividend yield over the past 12 months.
Xchanging Solutions Ltd
Xchanging Solutions Ltd is an IT services provider with operations in India and an international presence established through subsidiaries in USA, Singapore and the UK. and global Operations in 70 plus countries.
On Friday, the company’s shares were trading at 131.32 per share, down 1.32% from the previous close price. Over the past 12 months, the company has offered a dividend yield of 29%, amounting to a total dividend distribution of ₹34.
Xchanging Solutions Ltd shares have gained 18% in the last six months and 45% in last 12 months.
VST Industries Ltd
VST Industries is engaged inter-alia in the manufacture and trading of Cigarettes, Tobacco, and Tobacco products.
On Friday, the company’s shares were trading at Rs 4,321 per share, up 0.32% from the previous close price. Over the past 12 months, the company’s dividend yield was 7%, and it distributed a total dividend of Rs 300.
VST Industries Ltd shares have gained 24% in the last six months and 16% in last 12 months.
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Nirlon Ltd
Nirlon Ltd is in the business of development and management of the Industrial Park /Information Technology (IT) Park, i.e. Nirlon Knowledge Park (NKP) Goregaon (East), Mumbai.
On Friday, the company’s shares were trading at Rs 426 per share, down 0.82% from the previous close price. In the past 12 months, the company had a dividend yield of 26 percent and distributed a dividend of Rs 6.
Nirlon Ltd shares have gained 3% in the last six months and 8% in the last 12 months.
Aster DM Healthcare Ltd
Aster DM Healthcare Limited is one of the largest integrated private healthcare service providers operating in GCC (Gulf Cooperation Council) countries and an emerging player in India.
On Friday, the company’s shares were trading at ₹366.55 per share, down 0.45% from the previous closing price. In the past 12 months, the company has provided a dividend yield of 33%, distributing a total of ₹118 in dividends.
Banco Products (India) Ltd
Banco Products (India) Ltd manufactures and supplies engine cooling modules and systems for automotive and industrial applications in both the domestic and international markets.
On Friday, the company’s shares were trading at Rs 741.80 per share, up 0.34% from the previous close price. In the past 12 months, the company’s dividend yield was 5 percent, distributing a total dividend of Rs 34.
Banco Products (India) Ltd shares have gained 8% in the last six months and 118% in the last 12 months.
Written by Omkar Chitnis
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