High Dividend Yield Stocks By HDFC Securities

High Dividend Yield Stocks are a good investment in uncertain times. HDFC Securities have compiled a list of 100+ stocks offering dividend yields from 3.5% to 14%

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)

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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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