The ‘Dividend yield’, generally expressed as a percentage, is a financial ratio representing how much a company pays out in the form of dividends every year compared to its respective stock price.
Listed below are four high dividend yield stocks under the ‘small-cap’ category that are currently trading at P/E less than their industry average:
Gulf Oil Lubricants India Limited :
With a market capitalization of Rs 5,338.95 crores, the stocks of Gulf Oil Lubricants India Limited, engaged in the business of manufacturing and trading automotive as well as non-automotive lubricants, started their trading session on Wednesday at Rs 1,100 and currently trade at Rs 1,085.85, slipping around 0.90 percent compared to the previous closing levels of Rs 1,095.40 apiece.
The company’s price-to-earnings (P/E) ratio is 18.97, lower compared to the industry average of 42.49. In addition, its Dividend Yield stands at 2.27 percent.
Having a walkthrough of the latest financials, the company’s prime business indicators, viz, its operating revenues as well as after-tax profits, reported a jump in numbers with the former moving up from Rs 802 crores during Q2FY24 to Rs 817 crores during Q3FY24, and the latter, took a shift from Rs 74 crores to Rs 81 crores.
UTI Asset Management Company Limited
With a market capitalization of Rs 11,574.59 crores, the stocks of UTI Asset Management Company Limited, engaged in the activities of raising funds and rendering investment management services UTI Mutual Fund schemes, started their trading session on Wednesday at Rs 912.85 and currently trade at Rs 909.55 slipping around 0.60 percent compared to the previous closing levels of Rs 915.30 apiece.
The company’s price-to-earnings (P/E) ratio is 16.92, lower compared to the industry average of 19.74. In addition, its Dividend Yield stands at 2.40 percent.
Having a walkthrough of the latest financials, the company’s prime business indicators, viz, its operating revenues as well as after-tax profits, reported a jump in numbers with the former moving up from Rs 404 crores during Q2FY24 to Rs 449 crores during Q3FY24, and the latter, took a shift from Rs 183 crores to Rs 203 crores.
Shree Digvijay Cement Company Limited
With a market capitalization of Rs 1,694.44 crores, the stocks of Shree Digvijay Cement Company Limited, primarily engaged in the business of manufacture as well as the sale of cement, started their trading session on Wednesday at Rs 114.03 and currently trade at Rs 114.95, gaining around 0.90 percent compared to the previous closing levels of Rs 113.96 apiece.
The company’s price-to-earnings (P/E) ratio is 20.87, lower compared to the industry average of 39.60. In addition, its Dividend Yield stands at 3.46 percent.
Having a walkthrough of the latest financials, the company’s prime business indicators, viz, its operating revenues as well as after-tax profits, reported a jump in numbers with the former moving up from Rs 183 crores during Q2FY24 to Rs 191 crores during Q3FY24, and the latter, took a drastic shift from Rs 7 crores to Rs 31 crores.
Jagran Prakashan Limited
With a market capitalization of Rs 2,328.90 crores, the stocks of Jagran Prakashan Limited, a media conglomerate spanning across various segments such as newspapers, magazines, FM radio, etc, started their trading session on Wednesday at Rs 107.65 and currently trade at Rs 107, slipping around 1.50 percent compared to the previous closing levels of Rs 108.60 apiece.
The company’s price-to-earnings (P/E) ratio is 12.76, lower compared to the industry average of 15.51. In addition, its Dividend Yield stands at 3.68 percent.
Having a walkthrough of the latest financials, the company’s prime business indicators, viz, its operating revenues as well as after-tax profits, reported a jump in numbers with the former moving up from Rs 459 crores during Q2FY24 to Rs 511 crores during Q3FY24, and the latter, took a shift from Rs 42 crores to Rs 73 crores.
Written by Amit Madnani
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