Kewal Kiran Clothing
It is a small-cap textile company, meaning a quality stock with good financials with regards to strong liquidity as well as a working capital position. At the end of FY22, the company maintained its strong liquidity position with Rs 3,154 million in cash and cash equivalents.
Incorporated in 1981 and based in Mumbai, the company is one of the largest branded clothing manufacturers in the country that covers all facets of textiles i.e. designing, manufacturing and marketing.
Now coming to his dividend track record, he pays dividends quite a number of times i.e. FY22 alone paid 3 interim dividends of 190% amounting at Rs. 19 and hence a dividend yield of 6.85% at the current share price of Rs. 277.55 per share. Earlier in Fy20, the company paid 5 times Rs. 43.
Moreover, speaking of its valuations, it is correctly valued with a good RoE of more than 15%.
Sun Television
This is again a debt-free entertainment stock with a good dividend yield of over 3%. Additionally, the stock can be sought after for its consistent dividend and distributed multiple times over the course of a year. The stock is trading at attractive valuations with a TTM PE below that of the sector. Other strengths of the company include good management and strong cash on its books. Moreover, brand equity cannot be underestimated. Turning now to its dividend payout stream, the company has consistently paid dividends over the past 10 years and some years, such as in FY12, announced dividends up to 4 times.
RITES
This is a Grade I CPSE Miniratna trading near its 52-week low. The stock is down nearly 27% from its record price of Rs. 331. The small-cap company is an engineering and consultancy firm. The Company provides transportation infrastructure consulting, engineering and project management services.
Another quality, debt-free, cash-rich stock pays dividends several times a year. In FY22, the company declared a 4 times dividend with a dividend yield of 170% and amounting to Rs. 17. This brings the dividend yield to a whopping 7% at the current trading price. share of Rs. 243.
Disclaimer
The above actions, while fundamentally sound, should only be used after the individual’s risks and rewards are understood. The snack here is just to highlight the fact that some stocks pay dividends quite a few times.
