5 Best Dividend Paying Stocks In India Under Rs 75

Dividend announcements have their own significance. Companies with stable earnings over many years pay dividend to investors. Companies pay dividend to attract investors and enhance the value of their stocks. They also pay dividend income to investors to put across the vital message of company's financial health. Below are 5 stocks priced under Rs 75 that announce dividends regularly:

1. Satluj Jal Vidyut Nigam (SJVN) Ltd

It is a Miniratna PSU company. It was incorporated on May 24, 1988. The company has already approved interim dividend and fixed record date for the financial year 2022-23.

It has been paying dividend for the last 5 years and for the year ending March 2022, it declared an equity dividend of Rs 1.7 per share.

According to the latest BSE filing of the company, "We would like to inform that the Board of Directors in the aforesaid meeting have also approved interim dividend of Rs.1.15/- per equity share for the Financial Year 2022-23. The record date for the same is fixed on 17.02.2023. The payment of dividend shall start from 01.03.2023 onwards.

The last trading price of SJVN Ltd is Rs 32.40 with intraday gain of 0.31%. The stock's 52-week high is Rs 42.25 apiece and 52-week low is Rs 25.45 apiece, respectively. It has a market capitalisation of Rs 12,732.54 crore.

The mid cap stock gave a return of 5% in last 1-year, 15% in last 6-months, and 24% in last 3-years.

2. Rail Vikas Nigam Ltd (RVNL)

The last trading price of the PSU stock is Rs 73.50 apiece. The stock's 52-week high is Rs 84.15 apiece and 52-week low price is Rs 29.00 apiece, respectively. The company has a market capitalisation of Rs 15,324.90 crore.

The company has been maintaining a good dividend track record. It has been paying dividend for the last 5-years. For the year ending March 2022, it announced an equity dividend of 18.30% or Rs 1.83 per share. It has a dividend yield of 2.49% if the current stock price of Rs 84 is taken into consideration.

RVNL is a Category-I MiniRatna CPSE under the Ministry of Railways, Government of India.

 

3. Steel City Securities

Since 1995 Steel City Securities Limited is leading in retail stock broking in Southern India. The small cap company was incorporated in 1995 and operates in Financial Services sector. The last trading price of the stock is Rs 58.70 apiece.

It has maintained a good dividend history and regularly declared dividend for the last 5-years. For the year ended March 2022, it declared an equity dividend of 30.00% or Rs 3 per share.

Its 52-week high is Rs 72.10 apiece and 52-week low is Rs 50.30 apiece, respectively.

The company in NSE filing dated February 8, 2023 stated, "Considered and approved the 2nd Interim Dividend @1O% for every Equity Share of Rs. 10/- each for the Financial year 2022-23." The record date is February 20, 2023.

The company has a market capitalisation of Rs 88.98 crore. It has given a return of 3% in last 6-months and 79% in last 3-years.

 

4. Choksi Imaging

The last trading price of the stock is Rs 47.70 apiece with intraday fall of 5.45%. Its 52-week high is Rs 54.00 apiece and 52-week low is Rs 21.85 apiece, respectively.

Its market capitalisation is Rs 33.22 crore. The company for the year ending March 2022 declared an equity dividend of 25.00% or Rs 2.5 per share. It has been declaring dividend for the last 5-years. It has maintained a good dividend track record.

Choksi Imaging Limited provides photographic products. It provides x-ray films, chemicals, and accessories, as well as ultrasound and color doppler. It is a zero debt burden company and gave a return of 18% in last 1-year, 310% in last 3-years, and 53% in last 5-years.

5. TCFC Finance

The last trading price of the stock is Rs 29.75 apiece with an intraday gain of 0.17%. The stock's 52-week high is Rs 48.95 apiece and 52-week low is Rs 28.55 apiece, respectively.

It has a market capitalisation of Rs 31.18 crore. It has been maintaining a good dividend history and regularly declared dividend for the last 5-years. For the year ended March 2022, the company announced an equity dividend of 12.00% or Rs 1.2 per share.

The financial services stock rallied 21% in last 3-years and declined 35% in last 1-year. The small cap company was incorporated in 1995.

Disclaimer

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