Rs 70/Share Dividend In 12 Months; This Media Stock Has The Highest Dividend Yield Of 35% In Smallcaps

Media and entertainment company, TV Today Network emerged as the highest dividend yield stock in the small-cap basket followed by Bhansali Engineering Polymers and Xchanging Solutions. Axis Securities has released the top dividend-yielding stocks list for the past 12 months, and TV Today is the leader of the board. The stock is a mid-range performer and has held a consistent track record of rewarding its shareholders with dividend benefits.

According to Axis Securities report, TV Today Network has a dividend yield of a whopping 35%. In the past 12 months, the company paid a massive Rs 70 dividend per share.

As per Trendlyne data, TV Today Network has declared 22 dividends since August 2004. The stock is under the basket of mid-range performers basket which means that the stock has high durability, but midrange valuation scores and midrange momentum. These stocks are considered financially durable, but in the middle of the road in terms of how much momentum the stock has in the market, and how expensive it is.

The company is set to pay a dividend of Rs 3 per share likely on September 14, 2023.

On BSE, the stock ended at Rs 210.35 apiece, down by 0.43% on Thursday. In the past five trading sessions, the stock has risen by a little over 6% on the exchange.

Is TV Today Network worth buying? Of the total 154 votes that Trendlyne gathered of experts, 74.68% of them have recommended buying, while 9.74% recommended selling, and 15.58% recommended holding the stock. The RSI of the stock is 58, which means it is neither overbought nor oversold, while TV Today is trading above 6 out of 9 Oscillators in a bullish zone. The 100-day and 200-Day SMA is Rs 197.9 and Rs 218.6 for the stock.

Apart from this, there are other stocks as well in the smallcap basket with high dividend yields as per Axis Securities report. These are:

Bhansali Engineering Polymers with a 19% dividend yield, followed by Xchanging Solutions with a yield of 16%, RSWM with a yield of 14% and Forbes & Company with a yield of 10%. Including TV Today, these stocks are the top 5 dividend yield firms in small-caps.

Further, stocks like IDFC and Polyplex Corporation held a dividend yield of 9% each, while PNB Gilts held a yield of 8%. Also, stocks like Chennai Petroleum Corporation, Balmer Lawrie Investment, and Novartis India held a 7% dividend yield each. Lastly, Nirlon, Banco Products (India), Accelya Solutions India, and CESC held a 6% dividend yield each.

Generally, dividend yields usually give clarity of returns on dividends against the investment in stocks.

As per the Angel One website, dividend yield is an important factor that traders consider while choosing the right stock market investment because, at high volumes, it can make a large difference in the overall returns. The dividend yield is calculated by dividing the company's annual cash dividend per share by the current share price.

Formula: Dividend Yield = Dividend per share / Price per share x 100

Disclaimer:

The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. The author, znor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.