1.5-3% Yield: Not Sun Pharma Or Cipla, But These 3 Healthcare Stocks Have Highest Dividend Yield; Details!

It's neither Sun Pharma nor Cipla that have high dividend yield in the healthcare segment. Rather a mixture of two small-caps and 1 penny stock has the highest dividend yield in the sector in the range of over 1.5% to nearly 3%. These stocks also hold a consistent track record of paying dividends to their shareholders. They are Thyrocare Technologies, NG Industries, and Indraprastha Medical.

1. Thyrocare Technologies:

Currently, Thyrocare's share price is at Rs 625.45 apiece, up by 0.7% on BSE with a market cap of Rs 3,311.93 crore. The stock's 52-week high level is at Rs 690.30 apiece.

In a year, Thyrocare shares have zoomed by nearly 17% on BSE.

Since September 2016, the company has delivered up to 11 dividends. In the last 12 months, the company paid up to Rs 18 per share dividends to its shareholders. On the current market price, it has a dividend yield of 2.88%.

Thyrocare Technologies is India's first and foremost advanced fully automated laboratory with a strong presence in over 2000 cities/towns, both nationally and internationally. Thyrocare is unique and focuses on providing quality at affordable costs to laboratories and hospitals, endeavouring to supply cost-effective and convenient diagnostic services to every single doorstep.

2. NG Industries:

This pharma stock is broadly a penny stock. On BSE, the share price is currently at Rs 181.50 apiece, down by 0.8% by the end of January 24, 2024. It has a market cap of Rs 60.81 crore.

Despite the small hiccups, NG Industries is a multi-bagger with gains of a whopping 113% in a year.

As per Trendlyne data, the company delivered 20 dividends since September 2002. In the last 12 months, the company paid up to Rs 3.50 per share dividend. On the current market price, it has a dividend yield of 1.93%.

N G Industries Ltd is an India-based company. The Company is engaged in providing medical services. The company's divisions include N. G. Medicare & Calcutta Hope Infertility Clinic, N. G. Nursing Home and N. G. Pharmacy. The Company has set up a laboratory for conducting research and development in the field of embryology and diagnostics. N. G. Medicare is approved for cashless services for patients admitted under various health insurance schemes.

3. Indraprastha Medical:

This small-cap stock in the healthcare segment stood at Rs 170.60 apiece on BSE as of January 24, 2024. The company has a market cap of Rs 1,563.94 crore.

It is also a multi-bagger with gains of over 100% in a year. As per Trendlyne data, the company delivered about 20 dividends since September 2002. The company paid up to Rs 3 per share dividends in the last 12 months.

On the current market price, it has a dividend yield of 1.77%.

Indraprastha Medical Corporation was incorporated as a Public Company on 16th March 1988. The main business of the company is to enhance the quality of life of patients by providing comprehensive, high-quality hospital services on a cost-effective basis.

According to Religare Brokerage explanations, dividend yield is one of the main factors to consider when investing in dividend-paying stocks. It is an indicator of the return that the investors are earning on their shares.

The brokerage's note said, "We have filtered the list of top dividend-paying companies based on their fundamental strength and selected 10 stocks. Investors, interested in dividend income, can consider these stocks for investment."

Disclaimer: The write-up just highlights the stocks and their dividends, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.