3 Stocks with a Dividend Yield Above 2.5% and Beta Below 0.6 Worth Monitoring
3 Stocks with a Dividend Yield Above 2.5%: In today’s volatile market environment, investing in low-volatility stocks that offer steady dividend yields above 2.5% can be a compelling option. These defensive investments have beta values below 0.6, meaning they are less sensitive to market fluctuations while providing reliable income streams. This strategy is particularly attractive to risk-averse investors looking for stability and consistent returns, especially during times of market turbulence.
Here is a list of stocks with dividend yields above 2.5% and beta values below 0.6:
1. NHPC Limited
NHPC Limited, established in 1975, is a prominent Indian public sector enterprise specializing in hydroelectric power generation. The company also has interests in renewable energy sources such as wind, solar, and geothermal, with a hydro capacity of 6,717 MW and ongoing projects to expand its energy portfolio.
In FY2024, NHPC Limited reported revenue of Rs. 9,632 crore, a 9.19% decrease from FY2023. Profits for FY2024 were Rs. 4,028 crore, reflecting a 5.47% decline compared to FY2023. The stock has a dividend yield of 2.62%, a 3-month beta of 0.38, and a 3-year compound annual growth rate (CAGR) in return on equity (ROE) of 10%.
The current stock price is Rs. 80.11, with a daily movement up by 1.62%. It has a 1-year return of 9.74% and an impressive 5-year return of 230%.
2. Sanofi India
Sanofi India, a subsidiary of the global healthcare leader Sanofi S.A., has been in operation since 1956. The company focuses on producing pharmaceuticals in therapeutic areas such as diabetes and oncology, emphasizing innovative solutions, patient access, and research and development to enhance healthcare outcomes in India.
For FY2024, San
3. Swaraj Engines Limited
Established in 1985, Swaraj Engines Limited is a leading manufacturer of diesel engines for Swaraj tractors. Specializing in engines ranging from 22 to 65 HP and high-tech components, SEL is equipped with state-of-the-art production capabilities to meet the increasing demand in the agricultural machinery sector.
In the fiscal year 2024, the company reported a revenue of Rs. 1,419 crore, representing a slight 0.21% decrease from the previous year’s revenue of Rs. 1,422 crore. Profits for FY2024 amounted to Rs. 138 crore, marking a 2.99% increase from the previous year’s profits of Rs. 134 crore. Additionally, the stock boasts a dividend yield of 2.93%, a 3-month beta of 0.37, and a 3-year compound annual growth rate (CAGR) in return on equity (ROE) of 39%.
Currently priced at Rs. 3,240, the stock has experienced a daily increase of 6.45%. It has delivered a remarkable 1-year return of 39.3% and an impressive 5-year return of 149%.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.