T.V. Today Network was the highest dividend yielding small-cap scrip in the 12 months, with a whooping yield of 35%, according to a list of highest dividend-yielding smallcap shares compiled by Axis Securities. Another stock on the list – Polyplex Corporation – paid the highest dividend at Rs 106 per share, with a dividend yield of 8%. Even the lowest dividend-yielding firms on the list – D B Corp, Nirlon, Bank of Maharashtra, and CESC – had yields of 6% during the same time period. This is double that of the large cap stocks at the bottom of a similar list.
Here’s a look at the highest dividend payouts and dividend-yielding small-caps:
Company NameCMPDividend (past 12 months)Dividend YieldT.V. Today NetworkRs 197Rs 7035%Bhansali Engineering PolymersRs 130Rs 1814%RSWMRs 208Rs 2512%Forbes & CompanyRs 594Rs 6511%IDFCRs 106Rs 1110%Banco Products (India)Rs 302Rs 289%Goodyear IndiaRs 1,193Rs 1008%Polyplex CorporationRs 1,288Rs 1068%PNB GiltsRs 62Rs 58%Balmer Lawrie InvestmentRs 407Rs 307%Geojit Financial ServicesRs 45Rs 37%D B CorpRs 139Rs 96%NirlonRs 404Rs 266%Bank of MaharashtraRs 28Rs 1.86%CESCRs 72Rs 4.56%
Five out of the 15 companies listed belong to the financial sector, and one firm belongs to utilities and oil & gas sectors each. Despite having the lowest market capitalisation on the list, at Rs 766 crore, Forbes & Company gave its shareholders a yield of 11%. Bank of Maharashtra has the highest market capitalisation at Rs 19,934 crore and paid out the lowest dividend-yield on the table.