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Continuing with the tradition of bringing you some of the best dividend-paying companies after earnings season, here’s a list of 3 small-cap stocks going ex-dividend next week that have delivered healthy returns to investors in the past 1 year.
SKM Egg Products Export India Limited
SKM Egg Products Export India Ltd (NS:) is a manufacturer and exporter of egg products in the international markets, having a market capitalization of INR 1,000 crore. The company has proven to be a goldmine for investors due to its multibagger return of 393.9% in the last 12 months.
FIIs are also joining the party, as they have ramped up their stake from nil to 0.37% in one year, ending the June 2023 quarter. The management has announced a dividend of INR 0.5 per share, the ex-dividend date of which is 30 August 2023. Although the dividend yield has dropped massively to 0.63% due to a gigantic run in the share price, the stock seems a good candidate for a long-term portfolio.
NBCC (India) Limited
NBCC (India) Ltd (NS:) is a construction and engineering company with a market capitalization of INR 9,126 crore. The stock has outperformed the broader markets in the last 12 months, delivering a return of 45.2%, compared to a 23.6% return on the index in the same period. The company’s Q1 FY24 net income jumped to INR 75.14 crore, compared to a loss of INR 6.28 crore.
This helped the management to declare a dividend of INR 0.54 per share, the ex-dividend date of which is 1 September 2023. Again, the yield is low, at 1.1%, however, the company is one of the most promising in the small-cap construction space for the long term.
Ujjivan Financial Services Limited
Ujjivan Financial Services Ltd (NS:) is a non-banking finance company (NBFC) with a market capitalization of INR 6,035 crore. On the back of high investors’ demand, the stock has delivered a whopping 151.9% return in the last 12 months, and the buying spree was also triggered by FIIs which increased their holdings from 30.71% to 40.48% in 1 year, ending 30 June 2023.
The management has announced a dividend of INR 3.5 per share, the ex-dividend date of which is 1 September 2023. The current dividend yield stands at 1.74% and the stock is in a strong bull run, making it a good candidate for a buy-on-dip strategy.
Note: Dividend-paying capacity in a small-cap stock is not as consistent as compared to its larger peers.
Read More: Buzzing: Small-Cap Breaks Resistance with 13% Rally!
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