“Dividend Yield”, calculated in percentages, is a financial ratio that shows how much a company pays out in dividends every year compared to its stock price. Listed below are four stocks with low debt-to-equity ratios that portray a high dividend yield of up to 7 percent:
Uniparts India Limited
With a market capitalization of Rs 2,479.42 crores, the stocks of Uniparts India Limited, one of the leading suppliers of systems & components for agriculture, construction, forestry, etc, currently trade at Rs 549.35, gaining approximately 0.50 percent compared to the previous closing levels of Rs 546.85 apiece.
Having a look at the historical dividend-paying activities, the company represents a dividend yield of around 2.60 percent. The company has a low debt-to-equity ratio of 0.02.
During the recent financial quarters, the company reported a dip in its prime business indicators with the operating revenues falling from Rs 294 crores during the September 2023 quarter to Rs 259 crores during the December 2023 quarter, and the bottom-line numbers, keeping the timeframe the same, shifted down from Rs 33 crores to Rs 26 crores.
Accelya Solutions India Limited
With a market capitalization of Rs 2,998.69 crores, the stocks of Accelya Solutions India Limited, a software solutions provider to the global airline and travel industry, currently trade at Rs 2,009, gaining approximately 1 percent compared to the previous closing levels of Rs 1,988.25 apiece.
Having a look at the historical dividend-paying activities, the company represents a dividend yield of around 3.60 percent. The company has a ‘nil’ debt-to-equity ratio.
During the recent financial quarters, the company reported a dip in its prime business indicators with the operating revenues falling from Rs 127 crores during the September 2023 quarter to Rs 125 crores during the December 2023 quarter, and the bottom-line numbers, keeping the timeframe the same, shifted down from Rs 32 crores to Rs 31 crores.
Swaraj Engines Limited
With a market capitalization of Rs 2,898.46 crores, the stocks of Swaraj Engines Limited, manufacturing hi-tech engine components, currently trade at Rs 2386.10, a flat movement compared to the previous closing levels of Rs 2,384.25 apiece.
Having a look at the historical dividend-paying activities, the company represents a dividend yield of around 4 percent. The company has a ‘nil’ debt-to-equity ratio.
During the recent financial quarters, the company reported a dip in its prime business indicators with the operating revenues falling from Rs 389 crores during the September 2023
quarter to Rs 280 crores during the December 2023 quarter, and the bottom-line numbers, keeping the timeframe the same, shifted down from Rs 38 crores to Rs 24 crores.
Styrenix Performance Materials Limited
With a market capitalization of Rs 2,602.67 crores, the stocks of Styrenix Performance Materials Limited, engaged in the manufacturing, trading, and selling of engineering thermoplastics, currently trade at Rs 1,480, gaining approximately 0.20 percent compared to the previous closing levels of Rs 1,477.50 apiece.
Having a look at the historical dividend-paying activities, the company represents a dividend yield of around 6.50 percent. The company has a low debt-to-equity ratio of 0.40.
During the recent financial quarters, the company reported a dip in its prime business indicators with the operating revenues falling from Rs 595 crores during the September 2023 quarter to Rs 485 crores during the December 2023 quarter, and the bottom-line numbers, keeping the timeframe the same, shifted down from Rs 56 crores to Rs 35 crores.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.