Top 5 penny stocks with high dividend yield, do you own any of them?
Well, we have some exciting news for you!
Are you tired of tracking the stock prices every single day to determine the profitability of your investment? Well, we have some exciting news for you! There's an alternative way to measure a company's potential beyond its stock price and P/E ratio and it's called the dividend yield.
The dividend yield is a valuable tool for investors as it measures the yield that investors earn on the stock in the form of dividends at the current market price. As per a study conducted in the USA, it was observed that 47 per cent of all shareholders' gains were generated from dividend payoffs, indicating the significance of dividend yields in stock investing.
Without further ado, we present you with the top five Penny Stocks with high dividend yields. These stocks provide a great opportunity for investors to earn a substantial return on their investments.
|
Stock Name
|
CMP in Rs
|
TTM Dividend in Rs
|
Dividend Yield in per cent
|
|
Standard Industries
|
29.25
|
2.5
|
9 per cent
|
|
Housing and Urban Development Corporation
|
44.65
|
3.5
|
8 per cent
|
|
Gothi Plascon (India)
|
34.67
|
2
|
6 per cent
|
|
Indian Railway Finance Corporation
|
27.7
|
1.43
|
5 per cent
|
|
NHPC
|
40.4
|
1.9
|
5 per cent
|
Note: Dividend yield is rounded off.