Highest dividend-yielding small-cap shares in June; these 15 shares have paid up to 35% yields to shareholders

T.V. Today Network was the highest dividend yielding small-cap scrip in the 12 months, with a whooping yield of 35%, 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 8%.  Even the lowest dividend-yielding firms on the list – D B Corp, Nirlon, Bank of Maharashtra, and CESC – had yields of 6% during the same time period. 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:

Five out of the 15 companies listed belong to the financial sector, and one firm belongs to utilities and oil & gas sectors each. Despite having the lowest market capitalisation on the list, at Rs 766 crore, Forbes & Company gave its shareholders a yield of 11%. Bank of Maharashtra has the highest market capitalisation at Rs 19,934 crore and paid out the lowest dividend-yield on the table.

Bank of Maharashtra, Geojit Financial Services and CESC have paid the lowest dividends in the past 12 months, at Rs 1.8, Rs 3 and Rs 4.5 respectively, with yields varying between 6-7%. The other company that paid a three digit dividend was Goodyear India, giving investors Rs 100 over the past 12 months. Despite being small-cap companies, some firms’ dividends and dividend yields often beat those of large-caps, mid-caps and PSUs.