{"id":104972,"date":"2023-07-06T18:08:37","date_gmt":"2023-07-06T12:38:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104972"},"modified":"2023-07-06T18:08:38","modified_gmt":"2023-07-06T12:38:38","slug":"penny-stock-that-has-an-attractive-dividend-yield-of-10-to-add-to-your-watchlist","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-that-has-an-attractive-dividend-yield-of-10-to-add-to-your-watchlist\/","title":{"rendered":"Penny stock that has an attractive dividend yield of 10% to add to your watchlist\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-944120115\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this Penny stock will be trading ex-dividend next month and the dividend yield numbers look lucrative. In the last one month period, the scrip has soared more than 8 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1745054205\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 250 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IVC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">IL &amp; FS Investment Managers Limited<\/a><\/strong> traded in the green today and closed at Rs 8.00, gaining around 1.30 percent compared to the previous closing levels of Rs 7.90.\u00a0<\/p><p>The company, through a regulatory filing with the BSE dated 5th July 2023, announced a Final dividend of Rs 0.80 per share exhibiting a dividend yield of a whopping 10 percent. The ex-date, as well as the record date due to the \u2018T+1\u2019 settlement, is set to be 17th August 2023.&nbsp;<\/p><p>The company has a history of huge dividend payouts as a percentage of its face value of Rs 2 with a payment of Rs 15 percent (Rs 0.30) in FY20-21 and 20 percent (0.40) in FY21-22.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2178028977\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Digging into the financials reported by the company, the operating revenues have witnessed a decent amount of growth moving from Rs 41 crores during FY21-22 to Rs 64 crores in FY22-23. Due to increasing costs, the net profit numbers have stayed uniform and were reported at Rs 13 crores during the last couple of financial years.&nbsp;<\/p><p>Having a \u2018nil\u2019 debt-to-equity ratio, the company also reported an increase in the profitability metrics such as the return on equity (RoE) as well as the return on capital employed (RoCE) in the recent period. The RoE moved from 3.69 percent during FY21-22 to 5.53 percent in FY22-23, and, RoCE took a shift from 6.18 percent to 7.15 percent keeping the timeframe the same.&nbsp;<\/p><p>IL &amp; FS Investment Managers Limited, founded in 1989, is an asset manager seeking to invest in various sectors, some of which include healthcare, fintech, renewable energy, agriculture, etc. It also makes real estate investments in retail, office, and industrial properties.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3415134488\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this Penny stock will be trading ex-dividend next month and the dividend yield numbers look lucrative. In the last one month period, the scrip has soared more than 8 percent.&nbsp; With a market capitalization of Rs 250 crores, the shares of IL &amp; FS Investment Managers Limited traded in the green today and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9846,9845,9844,9847,3554,5532,5533,948,936],"class_list":["post-104972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-il-fs-investment-managers-ddividend-yield","tag-il-fs-investment-managers-latest-news","tag-il-fs-investment-managers-share-price","tag-penny-stock-with-high-dividend-yield","tag-penny-stocks","tag-penny-stocks-to-buy","tag-penny-stocks-to-watch","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Penny stock that has an attractive dividend yield of 10% to add to your watchlist\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this Penny stock will be trading ex-dividend next month and the dividend yield numbers look lucrative. 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