High Dividend Yield Stocks are very popular for three reasons:
(i) High Dividend Yield provides a defense mechanism against extreme decline in stock prices;
(ii) High Dividend Yield stocks are run by companies that generate a high cash flow. This implies that the management is efficient and the company is making sufficient cash profits. It also implies that the management is shareholder-friendly;
(iii) Dividends are not chargeable to income-tax in the hands of the investor (though the company pays dividend distribution tax)
HDFC Securities has compiled a list of 100+ companies offering a minimum dividend yield of 3.5%. Some of the stocks in the list offer an astonishing dividend yield of upto 14%. There are a number of top quality stocks offering an attractive rate of dividend from 5% to 7% including Sree Sakthi Papers, Sasken Communications and Cosmo Films. (See Also 5 High Dividend Yield Stocks For Your Portfolio & High Dividend Yield Stocks To Buy)
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1 Ester Inds. |
80 | 20 | 31.5 | 19.7 | 104.7 | 26.8 | 171.4 | 27.3 | 5 | 83.7 | 43.2 | 0.6 | 14.7% | 1.4 |
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2 HOV Services |
80 | 40 | 12.5 | 29.6 | 172.8 | 53.3 | 69.5 | 55.7 | 10 | 12.8 | 92.4 | 1.4 | 14.4% | 1.9 |
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3 LKP Finance |
100 | 70 | 13.1 | 17.1 | 170.1 | 79.0 | 106.1 | 81.1 | 10 | 20.7 | 120.5 | 0.4 | 12.3% | 4.7 |
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4 HCL Infosystems |
400 | 375 | 44.6 | 7.5 | 139.5 | 64.4 | 1491.2 | 66.9 | 2 | 32.8 | 85.6 | 0.3 | 12.0% | 8.9 |
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5 Indiabulls Sec. |
50 | 100 | 46.2 | 0.2 | 30.6 | 8.3 | 202.4 | 8.8 | 2 | 165.8 | 10.6 | 0.9 | 11.4% | 37.9 |
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6 Dynemic Products |
15 | 13 | 11.3 | 5.1 | 34.4 | 16.0 | 18.4 | 16.3 | 10 | 8.4 | 30.6 | 0.6 | 9.2% | 3.2 |
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7 Cybertech Sys. |
10 | 0 | 26.5 | 0.8 | 20.5 | 11.1 | 30.0 | 11.4 | 10 | 7.3 | 17.6 | 0.0 | 8.8% | 13.4 |
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8 Sr.Sakthi Paper |
21 | 18 | 16.4 | 4.4 | 33.9 | 19.3 | 45.5 | 27.7 | 10 | 12.3 | 24.1 | 0.9 | 7.6% | 6.3 |
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9 Jupiter Bio. |
10 | 20 | 62.4 | 5.3 | 149.0 | 13.1 | 86.5 | 13.9 | 10 | 192.5 | 129.2 | 1.0 | 7.2% | 2.6 |
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10 Sasken Comm.Tec. |
70 | 60 | 25.6 | 23.6 | 237.0 | 95.1 | 248.6 | 97.2 | 10 | 28.9 | 162.5 | 0.1 | 7.2% | 4.1 |
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11 Indiabulls Fin. |
500 | 250 | 62.2 | 26.7 | 240.7 | 133.8 | 4489.9 | 144.3 | 2 | 213.7 | 145.9 | 3.0 | 6.9% | 5.4 |
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12 Sonata Software |
200 | 170 | 10.5 | 7.2 | 64.4 | 29.0 | 315.1 | 30.0 | 1 | 198.9 | 38.7 | 0.1 | 6.7% | 4.1 |
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13 Lancor Holdings |
100 | 100 | 4.1 | 16.1 | 99.9 | 30.0 | 61.0 | 30.1 | 2 | 26.1 | 45.0 | 0.8 | 6.6% | 1.9 |
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14 JBF Inds. |
80 | 60 | 71.7 | 70.2 | 228.0 | 118.2 | 890.7 | 124.3 | 10 | 37.8 | 199.1 | 1.1 | 6.4% | 1.8 |
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15 Hinduja Global |
200 | 200 | 20.6 | 50.8 | 450.0 | 301.0 | 647.5 | 314.5 | 10 | 1.2 | 485.1 | 0.1 | 6.4% | 6.2 |
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16 T N Petro Prod. |
10 | 5 | 90.0 | 1.4 | 24.4 | 14.4 | 145.8 | 16.2 | 10 | 47.3 | 41.9 | 0.4 | 6.2% | 11.7 |
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17 K P R Mill Ltd |
60 | 55 | 37.7 | 14.4 | 246.4 | 96.0 | 371.3 | 98.6 | 10 | 6.5 | 154.3 | 1.0 | 6.1% | 6.9 |
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18 Excel Inds. |
75 | 40 | 5.5 | 8.4 | 127.8 | 58.6 | 67.3 | 61.7 | 5 | 4.5 | 102.4 | 0.5 | 6.1% | 7.4 |
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19 MIRC Electronics |
100 | 95 | 14.2 | 1.9 | 30.4 | 16.7 | 238.1 | 16.8 | 1 | 102.9 | 18.4 | 0.6 | 6.0% | 8.8 |
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20 Cosmo Films |
50 | 50 | 19.4 | 20.2 | 187.7 | 82.0 | 164.1 | 84.4 | 10 | 13.6 | 164.7 | 1.2 | 5.9% | 4.2 |
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21 Ucal Fuel Sys. |
40 | 10 | 22.1 | 10.9 | 97.0 | 60.3 | 153.8 | 69.6 | 10 | 22.8 | 17.7 | 11.0 | 5.8% | 6.4 |
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22 Rane Holdings |
125 | 80 | 14.3 | 41.9 | 354.1 | 208.0 | 310.9 | 217.8 | 10 | 1.7 | 262.4 | 0.5 | 5.7% | 5.2 |
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23 Aarti Inds. |
50 | 50 | 38.4 | 8.4 | 87.5 | 42.4 | 336.4 | 43.9 | 5 | 26.0 | 65.9 | 1.1 | 5.7% | 5.2 |
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24 PAE |
12.5 | 18.5 | 9.5 | 2.3 | 53.6 | 21.1 | 21.0 | 22.1 | 10 | 5.0 | 38.6 | 0.7 | 5.7% | 9.7 |
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25 Sicagen India |
10 | 0 | 39.6 | 4.0 | 36.0 | 17.7 | 70.4 | 17.8 | 10 | 27.3 | 99.6 | 0.1 | 5.6% | 4.5 |
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26 3i Infotech |
15 | 15 | 192.0 | 12.4 | 72.2 | 26.3 | 522.2 | 27.2 | 10 | 307.8 | 62.0 | 2.1 | 5.5% | 2.2 |
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27 Empee Distill. |
50 | 60 | 19.0 | 10.6 | 178.0 | 90.0 | 172.9 | 91.0 | 10 | 3.7 | 131.1 | 1.4 | 5.5% | 8.5 |
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28 AMD Industries |
10 | 10 | 19.2 | 5.9 | 31.6 | 15.2 | 35.4 | 18.5 | 10 | 15.0 | 50.9 | 0.8 | 5.4% | 3.2 |
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29 DCM |
25 | 0 | 17.4 | 1.1 | 170.0 | 44.8 | 80.6 | 46.4 | 10 | 90.5 | 109.6 | 1.4 | 5.4% | 43.3 |
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30 GHCL |
20 | 20 | 100.0 | 12.1 | 53.5 | 36.2 | 379.1 | 37.9 | 10 | 34.3 | 30.3 | 2.0 | 5.3% | 3.1 |
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31 Accel Frontline |
20 | 15 | 22.5 | 4.9 | 72.2 | 35.3 | 85.8 | 38.1 | 10 | 8.0 | 50.9 | 0.4 | 5.2% | 7.7 |
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32 JK Paper |
22.5 | 20 | 78.2 | 13.0 | 72.2 | 41.8 | 335.3 | 42.9 | 10 | 54.9 | 60.8 | 1.0 | 5.2% | 3.3 |
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33 IL&FS Inv Manage |
75 | 75 | 41.1 | 3.3 | 54.7 | 27.2 | 594.3 | 28.9 | 2 | 45.7 | 8.6 | 0.3 | 5.2% | 8.7 |
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34 Dai-ichi Karkari |
20 | 20 | 7.5 | 4.6 | 63.5 | 38.8 | 28.9 | 38.8 | 10 | 2.1 | 83.7 | 0.0 | 5.2% | 8.5 |
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35 Epic Energy |
7.5 | 7.5 | 6.7 | 4.6 | 43.3 | 13.2 | 10.0 | 14.9 | 10 | 2.3 | 38.2 | 0.1 | 5.1% | 3.2 |
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36 Shree Gan.Jew. |
60 | 20 | 60.7 | 51.3 | 286.0 | 118.3 | 726.3 | 119.7 | 10 | 126.1 | 187.6 | 0.6 | 5.0% | 2.3 |
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