5 Best Dividend Paying Penny Stocks In India, Maximum Dividend Yield 5.33%

5 Penny stocks priced under Rs 45 paid frequent dividends to its shareholders. These penny stocks are BMW Industries, Gothi Plascon (India) Ltd, QGO Finance Ltd, Choksi Imaging Ltd, and SJVN Ltd. The maximum dividend yield is 5.33%. Check details below:

1. BMW Industries

The company declared an interim dividend of Rs 0.2/- (20%) per Equity Share on February 15, 2023. The metal sector penny stock has a market capitalisation of Rs 724.78 crore.

Last trading price of the stock is Rs 32.20 apiece. The company for the year ending March 2022 announced an equity dividend of 2.00% amounting to Rs 0.02 per share.

The stock in the last 3 months, gave returns of 18%. In last 1-year, it rallied 11% and 83% in last 3-years.

It is engaged in processing of billets and HR coils. Within the HR coils segment, it produced pipes and poles; within pipes, it graduated to the black and galvanised varieties (the highest value-added segment). The Company processed billets to manufacture structural and TMT bars.

2. Gothi Plascon (India) Ltd

The last trading price of the stock is Rs 28.50 apiece with intraday gain of 1.79%. It has a market capitalisation of Rs 29.07 crore.

Earlier this year on January 16, 2023 it declared an Interim dividend of Rs 2/- (Rupee Two only) i.e. 20% per equity share of Rs 10/-. It gave a return of 39% in last 3-months, 19% in last 1-year, and 267% in last 3-years. The small cap company operates in Plastics sector.

The company has been regularly declaring dividend since 2020 and maintains a good dividend history. For the year ending March 2022, it announced an equity dividend of 10.00% amounting to Rs 1 per share.

3. QGO Finance Ltd

Last trading price of the stock is Rs 43.00 apiece with market capitalisation at Rs 29.90 crore. The Board declared Third Interim Dividend at 1% (One Percent) per Equity Share for the FY 2022-23. It fixed Feb 9, 2023 as record date.

The Financial Services sector stock delivered 26% return in last 3-months and 65% in last 1-year only. In last 6-months, it rallied 79%.

For the year ending March 2022, QGO Finance announced an equity dividend of 3.00% amounting to Rs 0.3 per share. The company has been regularly declaring dividend since 2021. Last year it declared 4 dividends.

4. Choksi Imaging Ltd

The last trading price of the stock is Rs 43.00 apiece. It has a market capitalisation of Rs 16.77 crore. The company for the year ending March 2022 declared an equity dividend of 25.00% or Rs 2.5 per share.

The company maintains good dividend history and declared several dividends over the years.

It operates in Miscellaneous sector and offered a return of 8% in last 1-year and 32% in last 6-months. It declined 9% in last 3-months.

5. SJVN Ltd

Satluj Jal Vidyut Nigam, or SJVN, is an Indian government-owned company that generates and transmits hydroelectric power. The last trading price of the stock is Rs 31.90 apiece. It has a market capitalisation of Rs 12,536.05.

The mid cap stock declares dividend frequently. It has declared consistent dividend for the last 5-years. For the year ending March 2022, if announced an equity dividend of Rs 1.7 per share.

If the current market price of Rs 31.90 is taken into consideration, it has a dividend yield of 5.33%.

The Power sector stock gave 11% return in last 6-months, 4% in last 1-year, and 27% in last 3-years.

Disclaimer

The penny stocks announced dividends regularly. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.