Dividend yield is a financial metric that compares the amount of cash dividends paid out to shareholders to the market price per share. It is calculated by dividing the dividend per share by the share price and multiplying the result by 100.
A dividend-paying stock provides investors with two opportunities of earnings: capital growth of the stock price and distribution of funds generated by the company (Dividend)
Here are three stocks under Rs 100 with high dividend yield
Indian Railway Finance Corporation Ltd.
Indian Railway Finance Corporation is engaged in raising funds to meet the developmental needs of the Indian Railways through various financial markets.
Indian Railway Finance Corporation Ltd shares were trading at Rs 39.95 on Wednesday, down 1.36 percent from the previous close price,Company has a market capitalization of Rs 52,274 crores.
The company’s dividend yield is around 2 percent. During FY 22-23,the company’s board of directors recommended an interim dividend of Rs 0.80 per equity share i.e., 8 percent payout on the face value of Rs 10.
As per company financials, operating revenue increased by 17 percent from Rs 20,299 crores during FY 21-22 to Rs 23,891 crores in FY 22-23. Keeping the same time frame, Net Profit has significantly increased by 4 percent, from Rs 6,089 crores to Rs 6,337 crores.
National Aluminium Company Ltd.
National Aluminium Company Ltd is Asia’s largest integrated aluminium complex, with activities in bauxite mining, rail, and port. The company has emerged as a star performer in the production and export of alumina and aluminium.
National Aluminium Company Ltd shares were trading at Rs 93 on Wednesday, down 2.72 percent from the previous close price,with a market capitalization of Rs 17,089 crores.
The company’s dividend yield is 3.66 percent. During FY 22-23,the company’s board of directors recommended an interim dividend of Rs 3.5 per equity share i.e.,70 percent payout on the face value of Rs 5.
As per company financials, operational revenue climbed marginally from Rs 14,180 crores in FY 21-22 to Rs 14,254 crores in FY 22-23. Using the same time frame, Net Profit fell by 4 percent, from Rs 2,951 crores to Rs 1,544 crores.
IIFL Securities Ltd
IIFL Securities Limited is a financial products distribution company that provides commodities broking, currency broking, investment banking, financial planning, and wealth management services.
IIFL Securities Ltd shares were trading at Rs 65.55 on Wednesday, down 0.91 percent from the previous close price,Company has a market capitalization of Rs 1,999 crores.
The company’s dividend yield is 4.55 percent. During FY 22-23,the company’s board of directors recommended an interim dividend of Rs 3 per equity share i.e,150 percent payout on the face value of Rs 2.
As per company financials,Operating revenue grew marginally from Rs 1,232 crores in FY 21-22 to Rs 1,352 crores in FY 22-23. Net Profit has declined from Rs 305 crores to Rs 249 crores during the same time period.
Written By Omkar Chitnis
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
