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5 Best Dividend-Paying Penny Stocks in India stock market

October 13, 2021 10:46 AM

5 Best Dividend-Paying Penny Stocks in India stock market
However, a small number of penny stocks pay dividends, and investing in dividend-paying penny stocks.

If you are new but are an enthusiastic stock investor and likes low-priced penny stocks, then in this article we will tell you about some of the low penny stocks which you can buy it in 2021.

SJVN The Satluj Jal Vidyut Nigam, or SJVN, is an Indian government-owned company that generates and transmits hydroelectric power. Only 0.71 percent of trading sessions in the last 11 years had intraday gains of more than 5%. The stock returned 5.47 percent over three years, compared to 96.44 percent for the Nifty Midcap 100. Over a three-year period, the stock returned 5.47 percent, whereas the S&P BSE Power provided investors a 75.42 percent gain.

SJVN Ltd., founded in 1988, is a Mid Cap business in the Power sector with a market capitalization of Rs 11,082.02 crore. SJVN Ltd. has declared an equity dividend of Rs 2.20 per share in the last 12 months. Since September 1, 2010, SJVN Ltd. has issued 19 dividends. This equates to a dividend yield of 7.8 percent at the current share price of Rs 28.20.

Steel City Securities Limited is a stockbroking firm that deals with regular investors. The company offers a wide range of financial goods and services, including mutual fund distribution, fixed income, initial public offerings (IPOs), and corporate debt, as well as securities and commodity trading. Steel City Securities Ltd., founded in 1995, is a Small Cap business in the Financial Services industry with a market cap of Rs 90.11 crore.

Stock returned -15.05 percent during a three-year period, compared to 96.41 percent for the Nifty Smallcap 100. Since March 21, 2017, Steel City Securities Ltd. has declared 13 dividends. Steel City Securities Ltd. has issued an equity dividend of Rs 3.00 per share in the last 12 months. This equals a dividend yield of 5.03 percent at the current share price of Rs 59.65.

Also Read: Nifty’s journey to 18,000 sees rise of 252 multibaggers in 16 months

Rail Vikas Since September 6, 2019, Rail Vikas Nigam Ltd. has issued three dividends. Rail Vikas Nigam Ltd. has declared an equity dividend of Rs 2.28 per share in the last 12 months. This equates to a dividend yield of 7.52 percent at the current share price of Rs 30.30. Rail Vikas Nigam Limited is a subsidiary of Indian Railways, Ministry of Railways, Government of India, which is responsible for developing rail infrastructure for the railways.

Jullundur Motor Since the last five years, the company has had no debt. Revenue fell 47.73 percent on a quarter-over-quarter basis, the lowest level in the last three years. The stock returned 95.01 percent over three years, compared to 96.41 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned 95.01 percent, while the Nifty Auto provided investors a 26.87 percent return. Jullundur Motor Agency (Delhi) Ltd share price trading at Rs 65.10

Jullundur Motor Agency (Delhi) Ltd., founded in 1948, is a Small Cap company in the Auto Ancillaries sector with a market cap of Rs 144.70 crore.

TCFC Finance Ltd., founded in 1990, is a Small Cap business in the Financial Services industry with a market capitalization of Rs 43.82 crore. Since the last five years, the company has had no debt. The company’s annual sales increase of 772.13% surpassed its three-year compound annual growth rate of -43.79 percent. Since July 15, 2004, TCFC Finance Ltd. has declared 13 dividends. TCFC Finance Ltd. has issued an equity dividend of Rs 1.50 per share in the last 12 months. This equates to a dividend yield of 3.65% at the current share price of Rs 41.15.

 

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