Best Dividend Stocks Under RS.50

For a long term investor dividend is the best way to generate additional income from stock market along with capital appreciation on the investment. But can we buy dividend paying stock at minimal price because as a retail investors we always intended to Buy stocks at cheaper price.

In this article, I am going to share dividend stocks whose current price is below Rs.50  and they regularly reward their investors with dividend.

1. SJVN Limited 

SJVN is engaged in the business of power generation and providing consultancy for hydro power projects.

SJVN started with India’s largest Hydroelectric station (Nathpa Jhakri Hydro Electric) in Himachal Pradesh with 1500 MW capacity. since then, they have commissioned eight projects with total installed capacity of 2091.5 MW.

SJVN is currently executing power projects in India in Himachal Pradesh, Uttarakhand, Bihar, Maharashtra, Uttar Pradesh, Punjab, Arunachal Pradesh, Gujarat

SJVN aims to become a 5000 MW company by 2023-24, 25000 MW company by 2030 and 50000 MW company by 2040.

SJVN  has maintained a dividend yield of 4.42%.

Key info about SJVN:

• Market Cap₹ 15,110 Cr.
• Current Price₹ 38.4
• High / Low₹ 42.4 / 25.6
• Stock P/E10.9
• Book Value₹ 35.3
• Dividend Yield4.42 %
• ROCE9.05 %
• ROE10.2 %
• Face Value₹ 10.0

2. IRFC - Indian Railway Finance Corporation  

IRFC was set up in Dec-1986 for mobilizing funds from domestic and overseas market to meet extra budgetary requirement of Indian Railways.

IRFC is a MiniRatna PSU under administrative control of the Ministry of India ,Government of India.

IRFC is Providing  a dividend yield of 4.24%.

Key info about IRFC:

• Market Cap₹ 43,191 Cr.
• Current Price₹ 33.0
• High / Low₹ 37.4 / 19.3
• Stock P/E6.82
• Book Value₹ 34.8
• Dividend Yield4.24 %
• ROCE5.32 %
• ROE14.7 %
• Face Value₹ 10.0

3. NHPC 

NHPC is a Mini Ratna, Government of India’s flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities.

other business includes providing project management ,construction contracts, consultancy assignment services and trading of power.

Company has 7071 MW installed capacity (6971 MW Hydro & 100 MW Renewable Energy) through 24 power stations across 13 states. The installed capacity contributes to 15% of the total installed hydroelectric capacity in India.

NHPC is Providing  a dividend yield of 3.99%.

Key info about NHPC:

• Market Cap₹ 45,604 Cr.
• Current Price₹ 45.4
• High / Low₹ 47.9 / 28.8
• Stock P/E11.7
• Book Value₹ 36.7
• Dividend Yield3.99 %
• ROCE8.92 %
• ROE10.8 %
• Face Value₹ 10.0

4. Ujjivan Small Finance Bank  

Ujjivan  started its operations as “Ujjivan Financial Services Limited”, a NBFC  in 2005 with the mission to provide financial services to the ‘economically active poor’ who were not adequately served by financial institution. 

Later in 2017 they received banking license from Reserve Bank of India.

Ujjivan dividend yield  is 3.25% as per FY-2022-23 report.

Key info about Ujjivan:

• Market Cap₹ 7,590 Cr.
• Current Price₹ 38.8
• High / Low₹ 39.9 / 13.5
• Stock P/E6.90
• Book Value₹ 15.1
• Dividend Yield1.95 %
• ROCE12.8 %
• ROE39.2 %
• Face Value₹ 10.0

Conclusion:

In this blog I have discussed the Top dividend stocks under Rs 50, that yield decent dividends.

Most of these companies are backed by the Indian government, so it builds a sense of trust for long-term investing to pick these stocks.