October 1, 2025
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HDFC Securities has released its list of high dividend yield stocks for the year 2013. Some of the stocks have an extraordinarily high dividend yield of above 9% assuring the investor of steady income together with capital appreciation

But Don’t invest only for high dividend yield:

However, investors have to be wary of the companies on the list and should not invest only for dividend yield. Some of the companies have serious corporate governance issues and the entire capital invested in them may be at risk.

Zylog is a good example of this. Though it presently offers a high dividend yield of 9.6% and trades at a low PE of 0.4, this is because its share price crashed owing to some serious sell-off of the pledged shares of the promoters of Zylog.

The other problem is with stocks like Sree Shakti Paper Products which has an excellent dividend yield of 8.3%. However, the liquidity of the stock is low and so if you do end up with a large quantity of shares, finding a buyer may be difficullt.

So, before investing, investors should also take a good and hard look as to why the dividend yield is so high before committing their funds.

Sr No

Company

Dividend (%) Latest

Dividend (%) Latest1

Equity Rs Cr

EPS Rs

52 Week High Rs

52 Week Low Rs

Mkt Cap

CMP

FV

BSE-Qrtly Avg Vol (In’000)

BV

D/E Ratio

Dividend Yield %

PE

1

Zylog Systems

100

80

16.5

124.3

340.0

51.7

172.1

52.3

5

308.0

276.3

0.8

9.6%

0.4

2

Sr.Sakthi Paper

21

21

16.4

4.0

30.8

22.0

41.7

25.4

10

10.0

25.6

1.0

8.3%

6.3

3

HCL Infosystems

150

400

44.6

3.2

51.8

34.9

867.1

38.9

2

150.5

85.7

0.3

7.7%

12.0

4

S Kumars Nation

10

10

297.4

13.7

40.0

12.6

400.9

13.5

10

1232.4

99.5

1.1

7.4%

1.0

5

SRF

140

140

57.4

64.1

304.5

192.2

1149.8

200.3

10

10.3

304.6

0.7

7.0%

3.1

6

Infinite Comp

85

0

42.6

28.1

166.9

69.0

529.7

124.5

10

27.2

119.6

0.1

6.8%

4.4

7

Sicagen India

10

10

39.6

5.2

22.8

14.1

59.9

15.2

10

7.7

111.5

0.2

6.6%

2.9

8

Hinduja Global

200

200

20.6

51.5

364.0

280.0

626.1

304.1

10

0.7

557.7

0.4

6.6%

5.9

9

IL&FS Inv Manage

75

75

41.8

3.6

32.0

23.0

484.4

23.2

2

52.0

11.2

0.4

6.5%

6.5

10

Cosmo Films

50

50

19.4

16.2

104.0

75.1

150.9

77.6

10

5.4

172.2

1.3

6.4%

4.8

11

JBF Inds.

80

80

72.3

30.9

151.7

97.9

906.4

125.4

10

45.0

222.1

1.5

6.4%

4.1

12

XPRO India

25

20

11.7

29.6

63.5

39.3

47.6

40.9

10

3.3

126.8

0.4

6.1%

1.4

13

Ludlow Jute

20

25

10.8

4.6

42.5

26.2

36.0

33.4

10

5.6

33.4

0.2

6.0%

7.3

14

Thinksoft Global

50

10

10.1

11.3

123.4

40.0

84.8

84.4

10

64.8

75.1

0.0

5.9%

7.5

15

Ucal Fuel Sys.

40

40

22.1

10.8

84.9

63.0

150.0

67.9

10

9.5

28.1

6.4

5.9%

6.3

16

Sasken Comm.Tec.

70

70

24.1

24.8

151.9

103.0

288.4

119.7

10

22.4

184.4

0.0

5.9%

4.8

17

NIIT

80

75

33.0

6.7

56.3

26.1

459.8

27.9

2

183.7

40.1

0.4

5.7%

4.2

18

Manugraph India

125

75

6.1

7.6

58.7

44.6

135.9

44.7

2

4.2

65.7

0.1

5.6%

5.9

19

NRB Bearings

100

100

19.4

5.2

49.5

34.0

349.3

36.1

2

7.5

24.1

0.8

5.5%

7.0

20

Goldiam Intl.

15

10

25.0

6.1

34.4

20.8

67.7

27.2

10

3.8

83.8

0.3

5.5%

4.4

21

GHCL

20

20

100.0

4.7

44.2

28.0

372.1

37.2

10

54.1

48.2

3.6

5.4%

8.0

22

K G Denim

7.5

0

25.7

2.9

17.0

8.0

36.0

14.0

10

50.6

17.7

2.2

5.3%

4.8

23

TVS Srichakra

135

125

7.7

51.2

380.0

242.0

196.5

256.5

10

0.9

184.2

2.5

5.3%

5.0

24

Lahoti Overseas

20

0

5.8

2.4

9.3

5.5

22.6

7.8

2

10.7

21.5

0.3

5.2%

3.3

25

Sona Koyo Steer.

65

65

19.9

2.5

15.2

9.0

250.8

12.6

1

59.2

12.0

1.3

5.2%

5.2

26

Energy Devl.Co.

12

0

27.5

2.6

52.0

22.1

64.2

23.4

10

8.0

47.2

1.2

5.1%

8.9

27

Bombay Burmah

70

70

14.0

165.1

158.6

77.8

193.1

138.5

10

83.1

156.5

1.1

5.1%

0.8

28

Goa Carbon

40

40

9.2

11.4

116.4

67.5

72.6

79.3

10

26.9

86.3

2.2

5.0%

6.9

29

Shree Gan.Jew.

60

60

60.7

76.0

139.5

65.2

727.9

120.0

10

117.8

258.6

0.6

5.0%

1.6

30

Rane Holdings

100

125

14.3

50.2

232.9

186.5

289.6

202.8

10

0.9

299.4

0.6

4.9%

4.0

31

ABG Infra

50

50

12.0

-3.9

244.0

98.4

122.1

102.0

10

4.2

297.2

1.1

4.9%

-26.0

32

India Nipp.Elec.

90

95

11.3

27.4

199.0

156.8

211.7

187.2

10

1.0

161.3

0.0

4.8%

6.8

33

Rolta India

30

35

161.3

15.0

108.1

58.9

1022.8

63.4

10

186.9

125.1

0.8

4.7%

4.2

34

Dai-ichi Karkari

20

20

7.5

5.7

48.7

34.6

31.7

42.5

10

4.2

88.7

0.0

4.7%

7.5

35

Aptech

30

25

48.8

15.6

98.6

64.0

318.4

65.3

10

234.4

68.1

0.0

4.6%

4.2

36

Austin Engg Co

25

25

3.5

19.0

76.9

53.5

19.1

55.0

10

1.9

146.7

0.2

4.5%

2.9

37

Andhra Bank

55

55

559.6

23.9

138.5

89.7

6784.9

121.3

10

137.1

134.0

0.0

4.5%

5.1

38

Hexaware Tech.

200

150

59.3

9.1

142.0

78.0

2613.8

88.2

2

474.3

34.3

0.0

4.5%

9.7

39

MphasiS

170

65

210.1

37.7

439.0

317.0

7893.8

375.7

10

14.2

209.6

0.1

4.5%

10.0

40

L G Balakrishnan

110

100

7.9

56.4

361.0

240.0

194.0

247.1

10

0.8

293.0

0.6

4.5%

4.4

41

Deepak Fert.

55

50

88.2

24.0

170.0

123.0

1093.2

124.0

10

12.9

136.5

0.8

4.4%

5.2

42

Corporation Bank

205

200

148.1

102.5

528.5

362.1

6860.6

463.2

10

18.2

563.4

0.0

4.4%

4.5

43

Banco Products

125

150

14.3

10.7

76.4

56.0

407.2

57.0

2

3.3

59.2

0.4

4.4%

5.3

44

Kavveri Telecom

40

15

20.1

26.9

271.0

76.7

183.7

91.3

10

11.5

151.9

0.6

4.4%

3.4

45

Gateway Distr.

60

60

108.4

12.2

159.9

126.0

1492.3

137.7

10

22.4

69.0

0.1

4.4%

11.3

46

Noida Tollbridg.

10

5

186.2

2.5

29.9

21.0

428.3

23.0

10

65.2

25.2

0.3

4.3%

9.4

47

Graphite India

175

175

39.1

10.9

99.9

74.0

1573.9

80.6

2

19.1

84.7

0.3

4.3%

7.4

48

Standard Inds.

15

15

32.2

0.1

24.3

14.2

112.9

17.6

5

13.7

20.5

0.1

4.3%

144.7

1. EPS (FY12), BV and D/E are consolidated wherever applicable. P/E is based on FY12 EPS (consolidated, wherever applicable).

2. Unforeseen deterioration in performance could affect dividend payouts and consequently the dividend yields.

3. Companies which have declared Special/extraordinary dividends in FY12/FY11 have been excluded

Best Dividend Paying Stocks For 2013

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