Top 5 Stocks with Improved Dividend Yields

Addi Industries Limited

Addi Industries Limited, established in 1980 and headquartered in Delhi, has made remarkable strides in the textile sector. The company operates in the knitwear fabric segment, producing high-quality readymade garments. Addi Industries has seen its dividend yield soar to 2.41%, up from a mere 0.01% three-year average, marking an astounding 240 times growth than 3-year average dividend yield. With a market capitalisation of Rs 56.14 crore, the company’s focused vision and commitment to quality continue to drive its success.

Prima Agro

Prima Agro Ltd, engaged in the manufacture of compounded cattle feed and solvent extraction of vegetable oils, has seen its dividend yield improve significantly. The company’s current dividend yield stands at 18.46%, a substantial increase from the three-year average of 0.09%, representing a 204 times growth. With a market capitalisation of Rs 13.45 crore, Prima Agro’s robust performance in the animal feed sector underscores its growing importance and profitability.

Cyber Media (India) Ltd

Cyber Media (India) Ltd, involved in print media, publishing, digital marketing, content creation, analytics, and management consultancy, has also witnessed a notable rise in its dividend yield. The yield has increased to 1.58% from a three-year average of 0.01%, reflecting a 157 times growth. With a market capitalisation of Rs 37.24 crore, Cyber Media’s diverse operations and strategic focus have positioned it well for continued growth and shareholder returns.

Vibrant Global Capital Ltd

Vibrant Global Capital Ltd, engaged in lending and investing activities, has demonstrated a significant improvement in its dividend yield. The company’s current yield is 1.51%, up from a three-year average of 0.01%, marking a growth of 150 times than 3-year average dividend yield. With a market capitalisation of Rs 188 crore, Vibrant Global’s strategic investments and robust business model are driving its enhanced financial performance and investor returns.

Xchanging Solutions Ltd

Xchanging Solutions Ltd, an IT services provider with operations in India and a strong international presence, has seen its dividend yield jump to 24.92% from a three-year average of 0.23%, indicating a growth of 107 times. With a market capitalisation of Rs 1,341 crore, the company’s extensive global operations and strategic initiatives have significantly bolstered its financial standing and shareholder value.

Check: Dividend stocks

Conclusion

Addi Industries, Prima Agro, Cyber Media, Vibrant Global Capital, and Xchanging Solutions have all demonstrated significant growth in their respective sectors, making them attractive options for investors seeking robust returns. While improved dividend yields can indicate a company’s financial health and commitment to returning value to shareholders, they should not be the sole criterion for investment decisions. It is crucial to consider a comprehensive set of financial metrics, such as debt to equity, profit growth, margin growth, price to book, and price to sales ratios. These additional indicators provide a more holistic view of a company’s performance and potential for sustainable growth. Investors are advised to use dividend yield as one of many drivers in their investment strategy to make well-informed decisions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.