These 5 Penney Stocks are Hidding Huge Dividends

What are Penny Stocks?

Well, there are lot of definitions for the penny stocks but in general stocks that are generally trading below the share price of ₹100 are considered to be as penny stocks. Here we have described below some of the penny stocks under ₹100 that are the high dividend paying stocks. If you are one who keen to invest in the high dividend paying companies, it would help you a lot. Her is the list of those stocks:

Jagran Prakash

The company is currently trading at ₹71.66. It is one of the largest media companies of India, and their newspaper “Dainik Jagran” is among the well-known newspaper in the entire country. The company is indulging in various services such as print, media, and outdoor advertising. The company has also expanded itself in digital media 7 e-commerce.

The company has a dividend yield of 7.04%. the company's earnings and revenue have grown up by 13.5% and 50% respectively in the December quarter of FY 24-25.

Advani Hotels & Resorts

The company is currently trading at ₹59.03. the company operates a 5-star deluxe property known as Caravela beach Resort in Goa. This resort consists of 201 rooms, golf course, diving options & event facilities. The company consistently given dividend to its investors for straight 20 years except the covid period of FY 21. The company's current year dividend yield stands at 3%. The company is planning of a Banquet Hall facility for its resort worth of ₹ 20 crore.

Radhakishan Damani also holds 4.1% stake the company as of June 2024.

Watch the detailed analysis on Amara Raja Energy & Mobility Ltd: - https://www.growyourgains.com/amara-raja-energy-and-mobility-share-analysis

NHPC

The company is currently trading at ₹77.03. the company focuses on renewable energy through its hydropower energy generation model. The company achieves milestone of generating about 15,013 million units' electricity in H1 FY 25. The company has also announced ₹5,500 crore worth of investment in Bihar for 1.000 MW solar project.

The company’s dividend history is quite interesting with a total 26 number of dividends being declared since 2010. The company’s current dividend yield stood at 2.5%.

Vardhman Acrylics

The company is currently trading at ₹41.85. this company is a dom9inent player in India’s acrylic fiber industry. The company has maintained 100% dividend pay0out ratio even after revenue being down by almost 29.1% in FY 24. The company is looking forward for diversification s & focusing on operational efficiency. With a strong support of its parent company, it might be able to cater the huge demand for acrylic fibers.

The company has been consistent for dividend payment for the last 3 years and the current dividend yield stood at 4.43%.

Open a Demat & Trading A/C: - https://zerodha.com/open-account?c=IHD100

Jamna Auto Ltd

The company is currently trading at ₹71.96. the company has strong hold in India’s suspension market, with a market share of 62-65%. The company has 11 manufacturing facility & offers various types of suspensions such as leaf springs, parabolic springs, air suspensions & lift axles. The company is highly dependent on leaf spring for its total revenue which contributes about 90% of it. The company has maintained 15 years of consistency for dividend payments to its shareholders. The company’s current dividend yield stood at 3.08%. Jamna Auto Ltd is focusing on aftermarket services & export of products for capturing foreign markets.

DISCLAIMER: we are not SEBI –registered, all the above information is for education purpose only, consult with your financial advisor or do your own research before investment.