Top Dividend Paying Companies in Dividend Stars smallcase

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Dividend Stars smallcase

This smallcase has companies that have consistently maintained an average dividend yield of 2% or higher over the past 5 years. Moreover, only those companies that have successfully avoided any dividend cuts during this period are included. Among the constituents of this smallcase, there are four top performers in terms of dividend yield, each achieving an impressive yield of over 3% in FY23.

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CESC Limited: Power Generation and Distribution

CESC Limited is a prominent electricity generation and distribution company primarily based in Kolkata, West Bengal. Among the companies included in the smallcase, CESC Ltd. had the highest dividend yield of 6.45%. This exceptional yield was due to a low base price of ₹69 per share (as of May 30, 2023) and a dividend per share of ₹4.5 for FY23.

Dividend Yield 6.45%

VST Industries Ltd.: Consumer Goods Manufacturing

VST Industries Ltd. engages in the manufacturing and distribution of cigarettes, tobacco products, and various consumer goods. Within the Dividend Stars smallcase, VST Industries stood out with the highest dividend per share of ₹150 for FY23. It also boasted the second-highest dividend yield of 4.5% among the stocks within the smallcase. As of May 30, 2023, the stock closed at ₹3,351.

Dividend Yield 4.50%

Redington India Ltd.: Technology Distribution and Solutions

Redington India Ltd. serves as a technology distribution and solutions provider for both consumer and enterprise products. In FY23, the company announced a dividend of ₹6.6 per share. With a current stock price of ₹174.2 (as of May 30, 2023), the dividend yield stands at 3.78%.

Dividend Yield 3.78%

Bajaj Auto: Automobile Company

Bajaj Auto is a renowned legacy automobile company known for its presence in the two-wheeler and three-wheeler markets. The company is recognized for its popular brands such as Pulsar, Avengers, and the iconic Bajaj scooter. Bajaj Auto announced a dividend of ₹140 per share, securing the second-highest position among the constituents of the smallcase. Currently trading at ₹4,592, the dividend yield for Bajaj Auto is an impressive 3.04%.

Dividend Yield 3.04%

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