Latest list of high dividend yield stocks by SBI Caps

The dividend yield is computed based on the closing price as of 29th December 2023. SBICap has considered companies that have consistently paid dividend in all the last 3 years – i.e FY23/CY22, FY22/CY21 and FY21/CY20.

Note:

• Any deterioration in the operating performance of the company may impact future dividend payments. Hence, the current dividend yield is not indicative of continuation of the likely dividend payment in the future.
• All the ratios computed takes into account any impact of corporate actions such as stock split, bonus, etc.

*Comments
• Vedanta has paid 5 interim dividends for FY23 for amounting to Rs 101.5 per share or 10,150% for FV of Rs 1 per share.
• TV today networks has paid special dividend of 1,340% or Rs 67 per share for the year FY23. Total dividend paid for FY23 was at Rs 70 per share.
• Hindustan Zinc has paid 4 interim dividends for FY23 for amounting to Rs 75.5 per share or 7,750% for FV of Rs 2 per share.
• Narmada Gelatines has paid 1000% dividend or Rs 100 per share in FY23 v/s Rs 10 per share in previous 4 years prior to FY23
• Bhansali Engg. has paid Rs 14 per share as special dividend during FY23 on account of 40th year of business operations. Total dividend paid 17 per share for FY23 is adjusted for bonus given in the ratio of 1:2.
• 360 One WAM has paid 6,900% dividend or Rs 69 per share in FY23 v/s Rs 27.5 / Rs 35 per in FY22/FY21 respectively.
• Gloster Ltd paid Rs 76.6 per share dividend for FY23 versus Rs 19.15/Rs 13.68 for FY22/21 respectively.
• IL&FS Investment Managers has paid Rs 0.8 per dividend for FY23 v/s 0.40 and Rs 0.30 per share for FY22/FY21 respectively.
• GSFC has paid dividend of Rs 10 per share for FY23 v/s Rs 2.5 and Rs 2.2 per share for FY22 and FY21 respectively after a recent change dividend payment guideline by Govt. of Gujarat (Finance Department) on 24th April 2023.
• GNFC has paid dividend of Rs 30 per share for FY23 v/s Rs 10 and Rs 8 per share for FY22 and FY21 respectively after a recent change dividend payment guideline by Govt. of Gujarat (Finance Department) on 24th April 2023.
• IGL has paid dividend of Rs 13 per share for FY23 v/s Rs 5.5 and Rs 3.6 per share for FY22 and FY21 respectively.
• D-Link India has paid dividend of Rs 10 per share for FY23 including special dividend of Rs 5 per share.

Click here to download the list of high dividend yield stocks by SBI Caps: Dividend Yield Monitor as of 1 January 2024