Top 5 Small Cap Stocks Offering Dividend Yield Of Up To 35%

5 small cap stocks are offering dividend yield of up to 35%, according to an Axis Securities report.

It is worth noting that dividends in some cases in the listed can be astounding. So, let's clarify first that there could be several one-off dividends in the list, picked from the brokerage report of Axis Securities. For example, TV Today Network's dividend yield of an astounding of 35%, includes a whopping Rs 67 paid recently. It's highly possible that the company may not declare the same dividends next year. In short, please read the dividend yields with a "pinch of salt" and do some checks as well. Look for consistency in dividends more than anything else. Check details below:

1. T.V. Today Network Ltd: The stock operating in Media & Entertainment sector offers a dividend yield of 35.1%. The last trading price of the stock is Rs 180.95 apiece. It declared an interim dividend of Rs 67 per equity share for FY 2022-23. The stock fell 51% in last 1-year and 32% in last 2-years. Its market cap is Rs 1,079.70 crore.

2. IDFC Ltd: The last trading price of the stock is Rs 78.50 apiece. The stock, operating in Terms Lending Institutions sector, offers a dividend yield of 15.3%, as per the Axis Securities report. The stock rallied 27% in last 1-year and 428% in last 3-years. Its market cap is Rs 12,559.88 crore.

3. Banco Products (India) Ltd: The last trading price of the stock is Rs 225.05 apiece with intraday gain of 3.26%. It offers dividend yield of 11.5%, states the Axis Securities report. The company's market capitalisation is Rs 1,609.53 crore. The small cap auto ancillaries sector stock gave return of 64% in last 1-year and 244% in last
3-years.

4. Goodyear India Ltd: Last trading price of the stock is Rs 1068.00 apiece with intraday gain of 1.97%. Its market cap is Rs 2463.50 crore. It gave 20% return in last 1-year and 76% return in last 3-years. The small cap Tyres sector stock offers a dividend yield of 9.4%.

5. Rites Ltd: Its last trading price on BSE is Rs 354.65 apiece with intraday jump of 1.62%. Its market capitalisation is Rs 8,522.31 crore. It offers dividend yield of 7.3%. The stock gave return of 34% in last 1-year and 47% in last 2-years, and 44% in last 3-years.

Disclaimer: The stocks offer maximum dividend yield of up to 35%. 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.