3 Stocks To Buy With Good Fundamentals And That Pay Dividend 3-5 Times In A Year

Dividend supplements our regular income flow. Nevertheless, dividend should not be the sole criteria when picking stocks and though can be one of the criterions in the overall stock picking exercise.

So, likewise, here are some stocks that tend to pay dividend a good number of times annually. Here in the story we mention such stocks that are good in dividend payment and also are fundamentally sound:

1. TCS: TCS is a top notch IT company with good fundamentals. The company's ROE has been at an outstanding 42.99%. The company is a debt free entity with revenue topping in the March ended quarter topping Rs. 50,000 crore.

The company other than being good fundamentally is also seeing its free cash flow scale immensely. As at Fy 22, the company's FCF stands at Rs. 36,989 crore.

The dividend for the Fy22 only has been announced in 4 tranches; three interim dividend and 1 final dividend payment. For the Fy 22, the company's dividend has been at a steep 4300% or Rs. 43.

2. RITES: This is a category I Miniratna CPSE. The firm isan engineering and consultancy company. The Company offers transport infrastructure consultancy, engineering and project management services. The company is also cheap on valuation with a trailing PE at 11.41.The company's RoE is also at a good over 20%. Furthermore, this is another virtually debt free entity with a significant cash on its books.

The last year's dividend i.e. of Fy22 break up is as following: 3 interim dividend amounting to Rs. 7.5, Rs. 4 and Rs. 2, while the final dividend of Rs. 3.5. This takes the dividend yield to a hefty 6.92%. Before that too, the company declared 3 times in a year.

3. Polyplex Corporation: This is a small cap company from the PET space. The company has its manufacturing as well as distribution in key markets including India, Turkey, US among others. The company is a good dividend paying company with dividend yield at a solid over 4%.

In Fy22, the company's dividend break up is as follows and it adheres to similar dividend stream payment YoY. The company in the Fy22 paid 3 interim dividend of 830% and 1 final dividend of Rs. 21 or 210%.