Dividend Stars 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 ~3% or more in FY23.
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CESC Limited: Power Distribution and Generation
The highest dividend yield (~6%) among the smallcase companies, owing to its low base price of ₹75.01 per share (as of July 21, 2023), and a dividend per share of ₹4.5 for FY23.
In the Dividend Stars smallcase, it had the highest dividend per share (₹150) for FY23 and the second-highest dividend yield (4.1%). As of July 21, 2023, the stock closed at ₹3,656.
VST Industries Ltd: Consumer Goods Manufacturing
Redington India Ltd.: Technology Distribution and Solutions
In FY23, the company declared a dividend of ₹6.6 per share, resulting in a dividend yield of 3.6% with the current stock price at ₹180.7 (as of July 21, 2023).
Bajaj Auto: Automobile Company
The company announced a dividend of ₹140 per share, securing the second-highest position among the smallcase constituents. With the current stock price at ₹4,864, Bajaj Auto boasts an impressive dividend yield of 2.8%.