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5 Best Dividend Paying Stocks In August 2021

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Income-seeking investors have been looking for the greatest dividend stocks for decades. Dividend payment is a method of sharing a company's net profit with its shareholders. Over time, a good company's profits tend to rise. The company's dividend payment rises in tandem with its profitability. Dividend stocks can provide returns for shareholders in two ways: through stock price appreciation and dividend income. Investors may be drawn to dividend stocks for the income alone, with the capital gain component serving as a bonus.

 

5 Best Dividend Paying Stocks In August 2021

5 Best Dividend Paying Stocks In August 2021

Company Dividend EX Date
Apar Industries Rs 9.50 05/08/2021
Avanti Feeds Rs 6.25 05/08/2021
Sonata software Rs 10.00 06/08/2021
MCX Rs 27.60 26/08/2021
India Mortor parts Rs 10.00 30/08/2021

Avanti Feeds
 

Avanti Feeds

Avanti Feeds is a major supplier of high-quality shrimp feed, providing the greatest technical support to farmers and meeting the quality requirements of worldwide shrimp consumers.

Only 6.3 percent of trading sessions in the last 11 years had intraday drops of more than 5%. The current share price is 643. It currently has a market capitalization of Rs 8798.06 crore. The company reported gross sales of Rs. 32425.08 crores and total income of Rs. 33076.09 crores in the most recent quarter. The stock returned 25.48 percent over three years, compared to 47.81 percent for the Nifty Midcap 100.

Since May 30, 2001, Avanti Feeds Ltd. has declared 21 dividends.

Avanti Feeds Ltd. has declared an equity dividend of Rs 0.10 per share in the last 12 months.

This translates to a dividend yield of 0.02 percent at the current share price of Rs 642.40.

Apar Industries

Apar Industries

Apar Industries Limited, founded in 1958 by Late Shri. Dharmsinh D. Desai, is one of India's most well-known enterprises in the sectors of electrical and metallurgical engineering. The current share price is 692.2. It currently has a market capitalization of Rs 2674.79 crore. The company reported gross sales of Rs. 59608.2 crores and total income of Rs. 59978.6 crores in the most recent quarter.

Since September 3, 2001, Apar Industries Ltd. has declared 29 dividends. Apar Inds has a PE ratio of 13.17, which is low and inexpensive in comparison. The current year's dividend yield for Apar Inds is 1.38 percent.

The stock gave a 3-year return of 9.69% as compared to Nifty Smallcap 100 which gave a return of 40.04%.

Sonata software

Sonata software

Sonata Software Limited is a global IT services firm specialising in corporate intelligence and analytics, application development management, mobile, cloud, social media, testing, enterprise services, and infrastructure management.

The current share price is 801.7. It currently has a market capitalization of Rs 8384.88 crore. The company reported gross sales of Rs. 7814.1 crores and total income of Rs. 8267.6 crores in the most recent quarter. Stock returned 137.71 percent over three years, compared to 47.81 percent for the Nifty Midcap 100.

Since November 27, 2000, Sonata Software Ltd. has issued 44 dividends.

Sonata Software Ltd. has declared an equity dividend of Rs 4.00 per share in the last 12 months.

This equates to a dividend yield of 0.5 percent at the current share price of Rs 802.90.

MCX

MCX

Only 1.94 percent of trading sessions in the last nine years had intraday drops of more than 5%. The stock returned 77.82 percent over three years, compared to 47.81 percent for the Nifty Midcap 100. Its share price presently is 1562.85. It currently has a market capitalization of Rs 7985.58 crore. The company reported gross sales of Rs. 3704.4 crores and total income of Rs. 4817.7 crores in the most recent quarter.

Since April 26, 2012, the Multi Commodity Exchange of India Ltd. has issued 13 dividends.

Multi Commodity Exchange of India Ltd. has given an equity dividend of Rs 30.00 per share in the last 12 months.

This equates to a dividend yield of 1.92 percent at the current share price of Rs 1562.00.

India Mortor parts

India Mortor parts

The TVS Group company India Motor Parts & Accessories Limited (IMPAL) was founded on July 12, 1954. Through its 70+ branch network, which represents over 50 manufacturers, the company distributes vehicle spare parts and accessories.

Stock returned 31.35 percent over three years, compared to 40.04 percent for the Nifty Smallcap 100. Its share price presently is $823.35. It currently has a market capitalization of Rs 1027.54 crore. The company reported gross sales of Rs. 5185.8 crores and total income of Rs. 5449.69 crores in the most recent quarter. Since July 25, 2006, India Motor Parts & Accessories Ltd. has issued 23 dividends.

Disclaimer

Disclaimer

Investing in stocks is risky and investors should do their own research. The author, the brokerage firms or Greynium Information Technologies are not responsible for any losses incurred due to a decision based on the above article. Investors should hence exercise due caution as are at record peaks. Please consult a professional advisor.

Read more about: dividend stocks
Story first published: Wednesday, August 4, 2021, 12:52 [IST]
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