Highest dividend-yield small-cap shares: some of these stocks gave up to 33% yields to shareholders

TV Today Network was the highest dividend yielding small-cap scrip in the last financial year, with a whooping yield of 33%, according to a list of highest dividend-yielding smallcap shares compiled by Axis Securities. Another stock on the list – Polyplex Corporation– paid the highest dividend at Rs 106 per share, with a dividend yield of 7%.  Even the lowest dividend-yielding firms on the list – HUDCO, Accelya Solutions India and CESC – had yields of 6% for the last financial year. This is double that of the large cap stocks at the bottom of a similar list.

Here’s a look at the highest dividend payouts and dividend-yielding small-caps:

Four out of the 15 companies listed belong to the financial sector, and the IT, utilities, oil & gas and healthcare sectors have just one firm each. Despite having the lowest market capitalisation on the list, at Rs 855 crore, Forbes & Company gave its shareholders a yield of 10%. IDFC has the highest market capitalisation, at Rs 17,968 crore and paid out the fourth highest dividend-yield.

HUDCO, Accelya Solutions India and CESC have paid the lowest dividends in the past 12 months, at Rs 3.5, Rs 80 and Rs 4.5 respectively, with yields at 6%. Polyplex Corporation paid out the highest dividend over the past fiscal year among companies on the list, at Rs 106 per share. Despite being small-cap companies, some firms’ dividends and dividend yields often beat those of large-caps, mid-caps and PSUs.