Big Dividend Of Rs 25, Last Date - Nov 29; Zero-Debt + Highest Dividend Yield Stock In Focus, Hits New High

Taparia Tools, a penny stock engaged in iron and steel products, has the highest dividend yield, outperforming renowned dividend king stocks like Vedanta, TCS, and Coal India among others. Continuing its strong dividend rewards path, Taparia Tools will turn ex-date on November 29 for its interim dividend of Rs 25 per share for FY25. Ahead of the ex-dividend date, Taparia witnessed huge buying sentiment on November 28, when the market was in a free fall. Taparia stock froze at its upper circuit and touched a new 52-week high.

Taparia Tools Share Price:

On BSE, Taparia Tools' share price froze at Rs 9.19 apiece on Thursday, November 28, 2024. This will be the company's 5% upper circuit and new 52-week high price level.

Taparia has a low price-to-equity ratio of 0.12%, while its fundamentals are broadly strong. Also, the company is debt-free, and given as much as 37.3% return on equity as of November 28.

YTD, Taparia Tools' share price surged by 186.29%. At the start of 2024, the stock was merely at Rs 3.21 per share.

At the current market price, Taparia Tools has a dividend yield of 435.26%.

Taparia Tools Dividend:

The metal player is set to deliver an Interim Dividend @ 250% (i.e. Rs. 25/- per share of Rs. 10/-each) from the Distributable Profits for the period from April 1 to September 30, 2024. For this, the company has revised its record date to determine eligible shareholders. The new record date is now November 29, 2024, from earlier November 22, 2024.

Prior to this, the company paid dividends of up to Rs 40 per share. As per Trendlyne data, Taparia Tools has delivered about 23 dividends since March 2002.

In 2024 alone, so far, before the upcoming Rs 25 dividend per share, the company had paid a final dividend of Rs 20 per share and an interim dividend of Rs 20 per share for FY24, and their record dates were on July 22 and February 23.

The highest dividend payout by Taparia Tools was in 2023, to the tune of Rs 77.50 per share each in March and June. In December 2021, the company had turned ex-dividend for a payout of Rs 70 per share.

Additionally, Taparia Tools has also delivered a strong 4:1 bonus issue and its ex-date for the same was on July 11, 2023.

About Taparia Tools:

TAPARIA TOOLS started manufacturing hand tools in 1969 in India in technical collaboration with a reputed company in Sweden.

The senior management from Taparia Tools had gone to Sweden and took practical training in their plant for more than a year. A senior technical manager from the Swedish company also came to India and stayed here for about two years to establish the technology in India with the appropriate hand-holding.