{"id":108011,"date":"2023-08-24T17:48:34","date_gmt":"2023-08-24T12:18:34","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108011"},"modified":"2023-08-24T17:48:36","modified_gmt":"2023-08-24T12:18:36","slug":"auto-ancillary-stocks-with-high-dividend-yield-of-more-than-3-to-keep-on-your-radar","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-ancillary-stocks-with-high-dividend-yield-of-more-than-3-to-keep-on-your-radar\/","title":{"rendered":"Auto Ancillary stocks with high Dividend Yield of more than 3% to keep on your radar\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1241800305\"><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>\u201cDividend Yield\u201d is usually defined as the annual dividend payment that is expressed as a percentage of the current stock price prevailing in the market. The same tells the shareholder what the return on investment has been for the price paid at the time of purchasing the security.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-230058327\"><!-- 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>Listed below are three stocks under the \u2018Auto Ancillary\u2019 category that have a high dividend yield:&nbsp;<\/p><h4 class=\"wp-block-heading\" id=\"h-munjal-auto-industries-limited\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MUNJALAU\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Munjal Auto Industries Limited<\/a>\u00a0<\/strong><\/h4><p>With a market capitalization of Rs 626.90 crores, the stocks of Munjal Auto Industries Limited closed at Rs 62.69 on Thursday, slipping about 1.90 percent as compared to the previous closing levels of Rs 63.88 apiece.&nbsp;<\/p><p>During FY22-23, the company paid out a total dividend of Rs 2 per equity share equating to a dividend yield <strong>of 3.19 percent.\u00a0<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-1996072571\"><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>Munjal Auto Industries Limited is a company based in India that offers exhaust systems. The company engages in the manufacturing process of rims, wheels, fuel tanks, and other components for the automotive industry.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RBL\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Rane Brake Lining Limited<\/a>\u00a0<\/strong><\/h4><p>With a market capitalization of Rs 602.23 crores, the stocks of Rane Brake Linings Limited closed at Rs 779.10 on Thursday, gaining about 0.20 percent as compared to the previous closing levels of Rs 777.60 apiece.&nbsp;<\/p><p>During FY22-23, the company paid out a total dividend of Rs 25 per equity share equating to a dividend yield of <strong>approximately 3.20 percent<\/strong>.\u00a0<\/p><p>Rane Brake Linings Limited is engaged in the business of manufacturing and marketing auto components. The company offers products such as brake linings, clutch buttons, disc pads, and many more for utility vehicles, passenger cars, etc.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BANCOINDIA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Banco Products (India) Limited<\/a>\u00a0<\/strong><\/h4><p>With a market capitalization of Rs 3,671.05 crores, the stocks of Banco Products (India) Limited closed at Rs 513.30 on Thursday, slipping about 0.96 percent as compared to the previous closing levels of Rs 518.30 apiece.&nbsp;<\/p><p>During FY22-23, the company paid out a total dividend of Rs 22 per equity share equating to a dividend yield <strong>of 4.29 percent.\u00a0<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-519504053\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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>Banco Products (India) Limited is involved in the business of manufacturing as well as selling radiators. The company manufactures copper brass &amp; aluminum radiators. The product portfolio comprises oil coolers, fuel coolers, charged air coolers, rubber products, etc.\u00a0<\/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\"><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\" style=\"object-fit:cover;width:256px;height:256px\" 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-391367283\"><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>\u201cDividend Yield\u201d is usually defined as the annual dividend payment that is expressed as a percentage of the current stock price prevailing in the market. The same tells the shareholder what the return on investment has been for the price paid at the time of purchasing the security.&nbsp; Listed below are three stocks under the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104920,"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":[11301,11302,10662,11299,11300,948,936],"class_list":["post-108011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-auto-ancillary-stocks-with-high-dividend-yield","tag-auto-ancillary-stocks-with-high-dividend-yield-20233","tag-banco-products-share-price","tag-munjal-auto-industries-share-price","tag-rane-brake-lining-share-price","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>Auto Ancillary stocks with high Dividend Yield of more than 3% to keep on your radar\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"\u201cDividend Yield\u201d is usually defined as the annual dividend payment that is expressed as a percentage of the current stock price prevailing in the market. 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