2023's top 5 dividend gems: Multibagger micro-cap with a remarkable 2400 per cent dividend payout ratio!
2023's top 5 dividend gems: Multibagger micro-cap with a remarkable 2400 per cent dividend payout ratio!

2023's top 5 dividend gems: Multibagger micro-cap with a remarkable 2400 per cent dividend payout ratio!

In this article, we undertake top 5 dividend stocks by dividend yield and dividend payout ratio stating importance of dividend stocks.

Prajwal Wakhare Article rating: 3.5

A dividend is a distribution of a portion of a company's earnings to its shareholders. Dividends are typically paid out quarterly, but can also be paid annually or semi-annually. Not all companies pay dividends, but those that do typically do so because they have a steady stream of cash flow and are profitable.

Multibagger from its 52-week low: This plastic manufacturing company receives order from India Railways!
Multibagger from its 52-week low: This plastic manufacturing company receives order from India Railways!

Multibagger from its 52-week low: This plastic manufacturing company receives order from India Railways!

The stock is up by 25 per cent in just 1 month and over 90 per cent year to date.

Kiran Shroff Article rating: 4.2

According to the quarterly results, the net sales increased by 15.86 per cent to Rs 263 crore and the net profit increased by 433 per cent to Rs 30 crore in Q1FY24 compared to Q1FY23. The EPS for Q1FY24 stood at Rs 1.11.

Don't miss out on the action in these two stocks as they're likely to announce big dividends!
Don't miss out on the action in these two stocks as they're likely to announce big dividends!

Don't miss out on the action in these two stocks as they're likely to announce big dividends!

Amid all this, it is essential to focus more on risk management and stocks that may move due to some significant developments like dividend announcements.

Karan Dsij Article rating: 4.0

Has a track record of being a dividend champion stock, having declared an equity dividend amounting to Rs 49.50 per share in the past 12 months. At the current share price of Rs 310.60, this results in a dividend yield of Rs 15.94 per cent.

Multi-bagger in just 1 month: Investors should keep an eye on this stock as the special dividend payment approaches!
Multi-bagger in just 1 month: Investors should keep an eye on this stock as the special dividend payment approaches!

Multi-bagger in just 1 month: Investors should keep an eye on this stock as the special dividend payment approaches!

The stock has given multi-bagger returns of 109.04 per cent in just 1 month whereas BSE Sensex is up by 0.81 per cent in 1 month.

Kiran Shroff Article rating: 4.0

As a result of recent vigorous trading activity, dividend payout and an increase in the volume of more than 3.72 times on the BSE today, the company's stock price has risen dramatically today.

Having a history of consistent dividend payout, dont miss action in this multibagger Bajaj Group stock as attractive interim dividend is on cards!
Having a history of consistent dividend payout, dont miss action in this multibagger Bajaj Group stock as attractive interim dividend is on cards!

Having a history of consistent dividend payout, dont miss action in this multibagger Bajaj Group stock as attractive interim dividend is on cards!

The company has declared 23 dividends during this period. In the past 12 months, Bajaj Holding & Investment has declared a whopping equity dividend amounting to the tune of Rs 115 per share.  

Karan Dsij Article rating: 4.1

There is an interesting observation that in the year 2021, the company declared a whopping 900 per cent dividend i.e. Rs 90. Earlier as well, the company had a history of declaring solid interim dividends.

Dividend Champion stock: This multibagger consistently delivered dividends for past two decades
Dividend Champion stock: This multibagger consistently delivered dividends for past two decades

Dividend Champion stock: This multibagger consistently delivered dividends for past two decades

To find the right dividend stock, all you need to do is to look for companies that have a history of consistent dividend payments over time. This means that companies, which have a reputation for being reliable and possess steady businesses, are likely to continue paying dividends in the future.  

Karan Dsij Article rating: 4.1

The company declared two interim dividends of 300 per cent each. In the following year, it rewarded shareholders with a stellar dividend of 507 per cent i.e., Rs 50.70. Isn’t it amazing?!   

RSS

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR