4:1 Bonus, Rs20/Sh Dividend Record Date On July 22: Highest Dividend Yield Penny Stock Hits New 52-Week High

Highest dividend yield penny stock, which also trades below Rs 5, Taparia Tools touched a new 52-week high on Monday. This comes ahead of the stock's dividend payout to the tune of Rs 20 per share. Taparia Tools currently has a dividend yield of a whopping 468.4%. It has a strong track record of dividend payout and bonus issues.

By end of July 16, Taparia Tools share price at Rs 4.27 apiece, which is the current new 52-week high and 5% upper circuit. An upper circuit in a stock means that during the trading day, it witnessed several buyers but no sellers.

Locked at new 1-year high, Taparia Tools share price is up by 103% from its 52-week low of Rs 2.10 per share. As per data on BSE, Taparia Tools has a PE ratio of 0.06x, and return on equity is strong at 31.52%.

At the latest, the company has recommended final dividend of Rs 20/- (200%) per Equity share of Rs.10/- each from the Distributable Profit for the Financial Year ended 31% March 2024. The record date for turning ex-dividend is fixed on July 22.

For FY24, the stock earlier paid up to Rs 20 per share dividend. Together, with the upcoming dividend, Taparia Tools will pay up to Rs 40 dividend per share for the fiscal.

As per Trendlyne data, Taparia Tools has paid up to 21 dividends since March 2002. It has delivered hefty rewards to investors. In 2023 alone, the company delivered Rs 77.50 per share each as final and interim, totalling to Rs 155 per share payout, the highest by the company.

Recently, the company also rewarded investors with 4:1 bonus shares. The ex-date was on July 11, 2023. The ratio meant that the company distributed 4 bonus shares for free on every 1 existing share.

TAPARIA TOOLS started manufacturing hand tools in 1969 in India in technical collaboration with a reputed company of Sweden. Taparia Tools has been since then consistently producing all the hand tools in India with the exact technology of its collaborators.

The Company's manufacturing facilities includes modern Forge shop, Machine shop, Heat treatment, Polishing, Nickel chrome plating and so on. The Company has a design and development department with latest CAD design facilities where all the designs of products and modifications there of and also fixtures and toolings are made. This includes the designs of forging - dies, machining fixtures, cutting tools like broaches, etc.

Taparia's range is quite wide and is continually expanding. The quality, the features, the looks, the packings etc., of tools is continually improved. All these Hand tools are manufactured in our two modern factories, which are having full manufacturing facilities at Nashik and at Goa. Nashik is situated around 190 km from Mumbai and Goa is around 600 km from Mumbai.