DSIJ Mindshare

Top penny stocks with high dividend yield; do you own any?
Karan Dsij
/ Categories: Trending, Mindshare

Top penny stocks with high dividend yield; do you own any?

List of penny stocks that offer good dividend yield.

If you are a market participant, you would have eventually persuaded yourself to buy a stock which is quoting at a really low absolute price of say Rs 20 or maybe Rs 50. The judgement to purchase these stocks quoted below Rs 100 in all likelihood would not be a level-headed one, but instead an impulsive or emotional one.

The run-of-the-mill manner of thinking would be something like: where else can I buy a decent number of shares for not much capital outlay or how much lower can the price go from here? And if these lotto tickets actually take off, it can make a difference between buying a Porsche or a Maruti 800 for your next car!

Many of the greatest companies started very small, with their stocks valued in single digits. In other words, they started as what the investment world calls “Penny Stocks or micro-cap.” As those businesses grew in size, the stock price also grew and their shareholders were rewarded with a great fortune.

In this article, we have prepared a list of penny stocks that offer good dividend yield.

Stock Name

CMP Rs

P/E Ratio

Dividend yield %

Gothi Plascon (India)

30.6

16.7

6.55

SJVN

31.8

9.14

5.34

Steel City

61.2

7.31

4.9

TCFC Finance

30

13.7

4.01

Rail Vikas Nigam

63.1

9.14

2.9

Which penny stock, do you own from the above list, let us know it comment section.

Previous Article Multibagger in just 6 months: Don't miss action in this stock that has announced bonus shares and stock split!
Next Article Multibagger stock below Rs 40: Keep an eye on this stock, which was locked in the upper circuit on February 24
Print
15760 Rate this article:
3.8

5 comments on article "Top penny stocks with high dividend yield; do you own any?"

Avatar image

Raghunath Sonar

Extremely useful information for small investors.


Avatar image

K.Prashant

In my portfolio, RVNL,SJVN


Avatar image

Amita chhabra

Rvnl 7000 shares at Rs 19/


Avatar image

M Rakhinde

Rail Vikas Nigam


Avatar image

G DIWAKAR RAO

EXCELLENT IN ALL ASPECTS

Please login or register to post comments.
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