Top 5 penny stocks with high dividend yield, do you own any of them?

DSIJ Intelligence-3 / 11 Apr 2023/ Categories: Mindshare, Trending

Top 5 penny stocks with high dividend yield, do you own any of them?

Without further ado, we present you with the top five penny stocks with high dividend yields. 

Are you tired of tracking the stock prices every single day to determine the profitability of your investment? Well, we have some exciting news for you! There's an alternative way to measure a company's potential beyond its stock price and P/E ratio and it's called the dividend yield. 

The dividend yield is a valuable tool for investors as it measures the yield that investors earn on the stock in the form of dividends at the current market price. As per a study conducted in the USA, it was observed that 47 per cent of all shareholders' gains were generated from dividend payoffs, indicating the significance of dividend yields in stock investing. 

Without further ado, we present you with the top five Penny Stocks with high dividend yields. These stocks provide a great opportunity for investors to earn a substantial return on their investments. 

Stock Name 

CMP in Rs 

TTM Dividend in Rs 

Dividend Yield in per cent 

Standard Industries 

29.25 

2.5 

9 per cent 

Housing and Urban Development Corporation 

44.65 

3.5 

8 per cent 

Gothi Plascon (India) 

34.67 

6 per cent 

Indian Railway Finance Corporation 

27.7 

1.43 

5 per cent 

NHPC 

40.4 

1.9 

5 per cent 

  

  

Note: Dividend yield is rounded off.