The “Dividend Yield”, normally expressed as a percentage, is the amount of money a company, in the form of dividends, pays to its shareholders divided by its current stock price.
It is also important to note that higher dividend yields do not always indicate attractive investment opportunities since the percentages may be elevated due to declining stock prices.
Listed below are four stocks with high dividend yield under the portfolio of various ace investors based in India that one keep a watch on:
VST Industries Limited
With a market capitalization of Rs 5,582.18 crores, the stocks of VST Industries Limited, engaged in the business of manufacturing and trading cigarettes, tobacco, and other tobacco products, started their trading session on Friday at Rs 3,627.55 and closed the session at Rs 3,614.95, slipping approximately 1.50 percent as compared to the previous closing levels of Rs 3,667.50 apiece.
According to the latest data available, the company’s dividend yield stands at approximately 4.20 percent.
Mr. Radhakishan Damani, one of the well-known ace investors based in India, entered into the stocks of VST Industries Limited in March 2016, and currently, as per the shareholding data available for the December 2023 quarter, he holds 47.35 lakh equity shares equivalent to a 30.71 percent stake of the company.
During the recent financial quarters, the company’s prime business indicators, viz, the operating revenues as well as after-tax profits, showed movements in opposing directions with the former, on one end, rising from Rs 350 crores during Q2FY24 to Rs 363 crores during Q3FY24, and the latter, keeping the timeframe the same, reduced from Rs 76 crores to Rs 54 crores.
ADF Foods Limited
With a market capitalization of Rs 2,086.31 crores, the stocks of ADF Foods Limited, engaged in the business of manufacturing as well as selling food products, started their trading session on Friday at Rs 188.75 and closed the session at Rs 189.90, gaining approximately 0.60 percent as compared to the previous closing levels of Rs 188.75 apiece.
According to the latest data available, the company’s dividend yield stands at approximately 1 percent
Mr. Ashish Kacholia, one of the well-known ace investors based in India, entered into the stocks of ADF Foods Limited in September 2019, and currently, as per the shareholding data available for the December 2023 quarter, he holds 13.32 lakh equity shares equivalent to a 1.21 percent stake of the company.
During the recent financial quarters, the company’s prime business indicators, viz, the operating revenues as well as after-tax profits, showed positive movements with the former aincreasing from Rs 125 crores during Q2FY24 to Rs 130 crores during Q3FY24, and the latter, during the same period, rising from Rs 15 crores to Rs 19 crores.
Siyaram Silk Mills Limited
With a market capitalization of Rs 2,104.04 crores, the stocks of Siyaram Silk Mills Limited, a textile manufacturing company, started their trading session on Friday at Rs 474.65 and closed the session at Rs 463.75, slipping approximately 2.30 percent as compared to the previous closing levels of Rs 474.65 apiece.
According to the latest data available, the company’s dividend yield stands at approximately 2.50 percent.
Mr. Vijay Kedia, one of the well-known ace investors based in India, entered into the stocks of Siyaram Silk Mills Limited in December 2022, and currently, as per the shareholding data available for the December 2023 quarter, he holds 5.05 lakh equity shares equivalent to a 1.11 percent stake of the company.
During the recent financial quarters, the company’s prime business indicators, viz, the operating revenues as well as after-tax profits, showed a dip in numbers with the former slipping from Rs 585 crores during Q2FY24 to Rs 502 crores during Q3FY24, and the latter, during the same time horizon, reducing from Rs 61 crores to Rs 44 crores.
Chennai Petroleum Corporation Limited
With a market capitalization of Rs 13,051.34 crores, the stocks of Chennai Petroleum Corporation Limited, in the business of refining crude oil to produce & supply various petroleum products, started their trading session on Friday at Rs 848.55 and closed the session at Rs 876.45, gaining approximately 3 percent as compared to the previous closing levels of Rs 850.45 apiece.
According to the latest data available, the company’s dividend yield stands at approximately 3.10 percent.
Ms. Dolly Khanna, one of the well-known ace investors based in India, entered into the stocks of Chennai Petroleum Corporation Limited in June 2022, and currently, as per the shareholding data available for the December 2023 quarter, she holds 19.61 lakh equity shares equivalent to a 1.32 percent of the company.
During the recent financial quarters, the company’s prime business indicators, viz, the operating revenues as well as after-tax profits, showed movements in opposing directions with the former, on one end, rising from Rs 16,545 crores during Q2FY24 to Rs 17,376 crores during Q3FY24, and the latter, keeping the timeframe the same, reduced sharply from Rs 1,191 crores to Rs 360 crores.
Written by Amit Madnani
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