If you are also looking for such penny stocks which provide strong dividends to their investors, then through this article we are going to tell you three such penny stocks which provide huge dividends to their investors. Penny stocks are very risky, but some of these penny stocks are very good, which also become multibaggers in future, just you should know about them, then no one can stop your money from growing, let’s know about these penny stocks Understand their business model in detail
1. Geojit Financial Services Ltd
Geojit Financial Services Limited is a leading financial services company in India that offers a comprehensive range of financial solutions to its clients. With a strong presence in the online broking space, Geojit is well-positioned to provide seamless and efficient trading services to its customers
Geojit Financial Services Limited has a market capitalization of ₹1,014 Cr. The current market price of the stock is ₹42.4, with a 52-week high/low of ₹72.0/₹39.1. The stock has a price-to-earnings ratio (P/E) of 9.80 and a book value of ₹28.0 per share.
The company has a dividend yield of 7.08% and a return on capital employed (ROCE) of 29.5%. Its return on equity (ROE) is 23.4%, with a face value of ₹1.00 per share.
| Announcement Date | Ex-Date | Dividend (%) | Dividend (Rs) | Remarks |
|---|---|---|---|---|
| 29-04-2022 | 01-07-2022 | 300 | 3.00 | Rs.3.0000 per share(300%)Final Dividend |
| 17-05-2021 | 19-07-2021 | 200 | 2.00 | Rs.2.0000 per share(200%)Final Dividend |
| 03-11-2020 | 12-11-2020 | 150 | 1.50 | Rs.1.5000 per share(150%)Interim Dividend |
| 11-03-2020 | 20-03-2020 | 150 | 1.50 | Rs.1.5000 per share(150%)Interim Dividend |
| 30-05-2019 | 23-07-2019 | 100 | 1.00 | Rs.1.0000 per share(100%)Final Dividend |
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2. Radix Industries (India) Ltd
Radix Industries (India) Limited is a company incorporated in 1998, that specializes in the manufacturing and selling of human hair products. As a company, Radix Industries has focused on delivering high-quality products that meet the needs of its customers.
As of the current market conditions, the market capitalization of Radix Industries (India) Limited is ₹116 Cr. The current market price of the stock is ₹77.0, with a 52-week high/low of ₹98.8/₹39.1. The stock has a price-to-earnings ratio (P/E) of 80.2 and a book value of ₹11.5 per share.
The company has a dividend yield of 1.30% and a return on capital employed (ROCE) of 8.93%. Its return on equity (ROE) is 8.47%, with a face value of ₹10.0 per share
| Announcement Date | Ex-Date | Dividend Type | Dividend (%) | Dividend (Rs) | Remarks |
|---|---|---|---|---|---|
| 11-05-2022 | 13-09-2022 | Final | 10 | 1.00 | Rs.1.0000 per share(10%)Final Dividend (Dividend revised from 5% to 10% as on 08/08/2022) |
| 23-04-2021 | 07-09-2021 | Final | 5 | 0.50 | Rs.0.5000 per share(5%)Final Dividend |
| 25-06-2020 | 10-09-2020 | Final | 5 | 0.50 | Rs.0.5000 per share(5%)Final Dividend |
| 15-05-2019 | 12-09-2019 | Final | 10 | 1.00 | Rs.1.0000 per share(10%)Dividend |
3. Sicagen India Ltd
Sicagen India is a company that operates in various segments such as trading of building materials, sales & servicing of power & control systems, manufacturing of MS barrels, and the manufacture of water treatment chemicals. The company is committed to providing high-quality products and services to its customers, and it has been able to achieve significant growth in its business over the years.
As of the current market conditions, the market capitalization of Sicagen India is ₹125 Cr. The current market price of the stock is ₹31.5, with a 52-week high/low of ₹42.3/₹22.0. The stock has a price-to-earnings ratio (P/E) of 11.3 and a book value of ₹106 per share.
The company has a dividend yield of 0.79% and a return on capital employed (ROCE) of 3.51%. However, the company’s return on equity (ROE) is -0.34%, with a face value of ₹10.0 per share
| Announcement Date | Ex-Date | Dividend Type | Dividend (%) | Dividend (Rs) | Remarks |
|---|---|---|---|---|---|
| 25-05-2022 | 19-09-2022 | Final | 2.5 | 0.25 | Rs.0.2500 per share(2.5%)Dividend |
| 26-05-2021 | 20-09-2021 | Final | 6 | 0.60 | Rs.0.6000 per share(6%)Final Dividend |
| 17-06-2020 | 10-09-2020 | Final | 5 | 0.50 | Rs.0.5000 per share(5%)Final Dividend |
| 22-05-2019 | 23-07-2019 | Final | 4 | 0.40 | Rs.0.4000 per share(4%)Dividend |
It is a request to all of you, if you invest in the stock market, then it should be kept in mind that if you do not understand the business of a company and you do not understand the business of a company, then on the plan to invest in the business which you understand. If you invest, you may also face loss and you want to understand the business of the company, then in the coming time, we are going to bring the business model of all the companies on our website, so stay connected with our website and our WhatsApp You can also join the group
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