Cables Stocks With High Dividend Yield

Cables Stocks With High Dividend Yield

The table below shows the Cables Stocks With High Dividend Yield based on the Highest Market Capitalization.

NameMarket Cap (Cr)Close PriceDividend Yield
KEI Industries Ltd36087.553928.50.09
Motherson Sumi Wiring India Ltd30461.4367.50.94
R R Kabel Ltd18911.811700.250.23
Finolex Cables Ltd16303.331027.650.66
Universal Cables Ltd2015.11582.150.52
Dynamic Cables Ltd958.27435.80.11

Content: 

What are Cables Stocks?

Cable stocks refer to shares of companies involved in the manufacturing, distribution, and sale of various types of cables, including electrical, telecommunications, and data cables. These companies typically operate within the technology and infrastructure sectors, supplying essential components for power transmission, communication networks, and data connectivity.

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Best Cables Stocks With High Dividend Yield

The table below shows the Best Cables Stocks With High Dividend Yield based on 1 Year Return. 

NameClose Price1Y Return %Dividend Yield
Dynamic Cables Ltd435.8129.610.11
KEI Industries Ltd3928.598.490.09
Universal Cables Ltd582.1545.940.52
R R Kabel Ltd1700.2541.920.23
Motherson Sumi Wiring India Ltd67.521.080.94
Finolex Cables Ltd1027.6515.620.66

Top Cables Stocks With High Dividend Yield

The table below shows Top Cables Stocks With High Dividend Yield based on the highest day Volume.

NameClose PriceDaily Volume (Shares)Dividend Yield
Motherson Sumi Wiring India Ltd67.52717478.00.94
Finolex Cables Ltd1027.65555487.00.66
R R Kabel Ltd1700.25488014.00.23
KEI Industries Ltd3928.5224910.00.09
Dynamic Cables Ltd435.8189300.00.11
Universal Cables Ltd582.15165367.00.52

List Of Cables Stocks With High Dividend Yield

The table below shows List Of Cables Stocks With High Dividend Yield based on the PE Ratio. 

NameClose PricePE RatioDividend Yield
Finolex Cables Ltd1027.6525.640.66
Dynamic Cables Ltd435.827.440.11
Motherson Sumi Wiring India Ltd67.551.780.94
KEI Industries Ltd3928.559.680.09
Universal Cables Ltd582.1575.20.52
R R Kabel Ltd1700.25nan0.23

High Dividend Cables Stocks

The table below shows High Dividend Cables Stocks based on the 6 month return. 

NameClose Price6M Return %Dividend Yield
KEI Industries Ltd3928.552.540.09
Motherson Sumi Wiring India Ltd67.514.890.94
Universal Cables Ltd582.1513.850.52
Finolex Cables Ltd1027.6510.040.66
R R Kabel Ltd1700.255.220.23
Dynamic Cables Ltd435.82.570.11

Who Should Invest In Cables Stocks With High Dividend Yield?

Investors seeking stable income streams and potential capital appreciation may consider investing in cable stocks with high dividend yields. Income-oriented investors looking for regular dividends and those confident in the stability of the cable industry’s demand may find such stocks attractive for their portfolios.

How To Invest In The Cables Stocks With High Dividend Yield?

To invest in cable stocks with high dividend yields, begin by researching companies with solid financials and consistent dividend histories in the cable industry. Open a brokerage account to buy shares of selected cable stocks. Analyze financial metrics, monitor market trends, and consider diversifying your portfolio. Consulting with a financial advisor can provide personalized guidance tailored to your investment goals and risk tolerance.

Performance Metrics Of Cables Stocks With High Dividend Yield

Performance metrics for cable stocks with high dividend yield typically include:

1. Dividend Yield: The ratio of annual dividends per share to the stock’s price, indicating the percentage return on investment from dividends.

2. Dividend Payout Ratio: The proportion of earnings paid out as dividends, reflecting the sustainability of dividend payments.

3. Earnings Per Share (EPS): The company’s profit divided by the number of outstanding shares, indicating profitability.

4. Price-to-Earnings (P/E) Ratio: The ratio of the stock’s price to its earnings per share, providing insight into valuation.

5. Return on Equity (ROE): The measure of profitability relative to shareholders’ equity, demonstrating how effectively the company utilizes equity investments.

6. Debt-to-Equity Ratio: The ratio of total debt to total equity, revealing the company’s financial leverage and risk.

7. Stock Price Performance: Tracking the historical and current price movements of the stock, including trends and volatility.

Benefits Of Investing In Cables Stocks With High Dividend Yield

Investing in cable stocks with high dividend yields offers several benefits:

  1. Stable Income: Cable stocks with high dividend yields provide regular income streams, making them attractive for income-oriented investors seeking stability.
  1. Potential for Capital Appreciation: Along with dividends, these stocks may offer potential for long-term capital appreciation, enhancing total returns.
  1. Dividend Reinvestment: Investors can reinvest dividends to purchase additional shares, compounding their investment over time and potentially accelerating wealth accumulation.
  1. Attractive Valuation: High dividend yields can indicate that a stock is undervalued, presenting an opportunity for investors to buy quality stocks at favorable prices.
  1. Income Diversification: Including cable stocks with high dividend yields in a diversified portfolio can diversify income sources, reducing overall investment risk.
  1. Shareholder-Friendly Policies: Companies that consistently pay high dividends often prioritize shareholder interests, demonstrating financial discipline and commitment to returning capital to investors.

Challenges Of Investing In Cables Stocks With High Dividend Yield

Investing in cable stocks with high dividend yields presents several challenges:

  1. Technological Disruption: Rapid advancements in technology could render existing cable infrastructure obsolete, impacting the long-term viability and profitability of cable companies.
  1. Regulatory Changes: Changes in government regulations, particularly in telecommunications, can affect the competitive landscape and profitability of cable companies.
  1. Competition from Alternatives: Cable companies face competition from alternative technologies such as fiber optics, satellite, and wireless communications, which could erode market share and profitability.
  1. Capital Intensive Nature: Cable infrastructure requires significant capital investment for maintenance, upgrades, and expansion, which can strain profitability and dividend payments, especially during economic downturns.
  1. Economic Sensitivity: Cable companies’ performance is closely tied to economic conditions, making them vulnerable to economic downturns and fluctuations in consumer spending.
  1. Market Saturation: In mature markets, cable companies may struggle to grow their subscriber base, limiting revenue and dividend growth potential.

Introduction to Cables Stocks With High Dividend Yield

Dynamic Cables Ltd

The Market Cap of Dynamic Cables Ltd is Rs. 958.27 crore. The stock’s monthly return is 5.40%. Its one-year return is 129.61%. The stock is 41.57% away from its 52-week high.

Dynamic Cables Limited, an India-based company, specializes in manufacturing and supplying various cables and conductors. Their product lineup includes bare and insulated conductors, 66 KV power cables, medium voltage aerial bunched cables, copper and aluminum MV power cables, low voltage aerial bunched cables, copper and aluminum LV power cables, LV control cables, LV concentric cables, railway signaling cables, and galvanized stay wire/earth wire.

These products are utilized in various applications such as power generation, electricity transmission and distribution, airports, railways, and residential projects. The company operates three manufacturing plants located in Jaipur and Reengus.

KEI Industries Ltd

The Market Cap of KEI Industries Ltd is Rs. 36087.55 crore. The stock’s monthly return is 2.47%. Its one-year return is 98.49%. The stock is 4.80% away from its 52-week high.

KEI Industries Limited, located in India, manufactures wires and cables. The company is divided into segments, including Cables and Wires, Stainless Steel Wire, and Engineering, Procurement, and Construction (EPC) Projects. The Cables and Wires segment focuses on producing and selling a wide range of power cables such as low tension (LT), high tension (HT), and extra high voltage (EHV), as well as control and instrumentation cables, specialty cables, elastomeric/rubber cables, flexible and house wires, and winding wires. The Stainless Steel Wire segment involves the manufacturing, sale, and job work of stainless steel wires. 

The EPC Projects segment is responsible for the design, engineering, supply, erection, testing, and commissioning of high-voltage and extra-high-voltage underground cabling projects ranging from 33 kV to 400 kilovolt (KV), substations (AIS & GIS) on a turnkey basis up to 400 KV, and the conversion of overhead lines to underground lines for entire towns, including HT and LT distribution systems.

Motherson Sumi Wiring India Ltd

The Market Cap of Motherson Sumi Wiring India Ltd is Rs. 30,461.43 crore. The stock’s monthly return is 0.07%. Its one-year return is 21.08%. The stock is 10.81% away from its 52-week high.

Motherson Sumi Wiring India Limited, an India-based company, serves as a solutions provider to original equipment manufacturers (OEMs) in the wiring harness sector in India. The company offers comprehensive system solutions to its clients, addressing their needs at every stage of the supply chain. This includes product design, validation, tool design and manufacturing, finishing, processing, assembly, and production of advanced Electrical & Electronic Distribution Systems for power supply and data transfer in vehicles, as well as inline sequencing supplies. 

With around 23 facilities spread across India, encompassing manufacturing plants, assembly sites, and technical centers, the company efficiently caters to global customers by establishing facilities in close proximity to the regions and markets it serves in India.

Universal Cables Ltd

The Market Cap of Universal Cables Ltd is Rs 2015.11 crore. The stock’s monthly return is 3.69%. Its one-year return is 45.94%. The stock is 5.12% away from its 52-week high.

Universal Cables Limited, an India-based company, specializes in the manufacturing and distribution of electrical cables, capacitors, wires, and turnkey projects primarily for electrical applications. The company offers a wide range of products under categories such as cables, capacitors, and handling/installation services. Their cable offerings include xlpe cables for high, medium, and low voltage applications, as well as aerial bunched cables. 

In addition, they provide polyvinyl chloride (PVC) cables for power, control, and motor applications and elastomeric cables. The company’s capacitor lineup includes high and low-voltage capacitors, harmonic filters, surge protection units, and automatic power factor correction panels. They also offer a cable monitoring system (CMS) utilizing a distributed temperature sensor (DTS) system, providing a comprehensive package with installation, training, and maintenance services.

Finolex Cables Ltd

The Market Cap of Finolex Cables Ltd is Rs. 16,303.33 crores. The stock’s monthly return is 1.31%. Its one-year return is 15.62%. The stock is 18.62% away from its 52-week high.

Finolex Cables Limited, an India-based company, offers comprehensive cable solutions. The company focuses on manufacturing various types of cables including electrical and communication cables. Its business segments comprise Electrical cables, Communication cables, Copper rods, and other products. The “Others” segment involves the trading of different electrical and related items. 

The company’s product range consists of a variety of cables such as industrial cables, flexible cables, high voltage power cables, telephone cables, LAN cables, and fiber optic cables. Additionally, it produces lighting products, electrical accessories, switchgear, fans, and water heaters.

R R Kabel Ltd

The Market Cap of R R Kabel Ltd is Rs. 18,911.81 crores. The stock’s monthly return is 0.36%. Its one-year return is 41.92%. The stock is 7.04% away from its 52-week high.

R R Kabel Limited is an Indian company specializing in consumer electrical products. The company manufactures and sells a range of wires and cables for various purposes, such as house wiring, industrial use, power transmission, and special applications. Additionally, they offer fast-moving electrical goods (FMEG) like fans, lighting fixtures, switches, and appliances. R R Kabel Limited is divided into two main segments: wire and Cable and FMEG. 

The Wire and Cable segment focuses on producing and marketing wires and cables, while the FMEG segment is responsible for the manufacturing and sale of fans, LED lighting, switches, switchgears, water heaters, and household appliances. The company promotes its wire and cable products under the RR Kabel brand and consumer electrical goods such as fans and lighting under the RR brand. Moreover, R R Kabel Limited operates five fully integrated manufacturing facilities situated across India.

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Cables Stocks With High Dividend – FAQs

1.Which Are The Best Cables Stocks With High Dividend Yield?

The Best Cables Stocks With High Dividend Yield #1: KEI Industries Ltd
The Best Cables Stocks With High Dividend Yield #2: Motherson Sumi Wiring India Ltd
The Best Cables Stocks With High Dividend Yield #3: R R Kabel Ltd
The Best Cables Stocks With High Dividend Yield are based on market capitalization.

2.What Are The Top Cables Stocks With High Dividend Yield?

Based on one year’s return, The Top Cables Stocks With High Dividend Yield are Dynamic Cables Ltd, KEI Industries Ltd, and Universal Cables Ltd.

3.Can I Invest In Cables Stocks With High Dividend Yield?

Yes, you can invest in cable stocks with high dividend yields. Conduct thorough research on companies with strong financials and consistent dividend track records in the cable industry. Assess factors like dividend sustainability, industry outlook, and risk tolerance before making investment decisions. Diversifying your portfolio is advisable for risk management.

4.Is It Good To Invest In Cables Stocks With High Dividend Yield?

Investing in cable stocks with high dividend yields can be beneficial for income-oriented investors seeking stable returns. However, it’s essential to carefully assess associated risks, including industry competition and technological advancements, before making investment decisions. Diversifying your portfolio and staying informed about market trends are also crucial considerations.

5.How To Invest In Cables Stocks With High Dividend Yield?

To invest in cable stocks with high dividend yields, start by researching companies with solid financials and consistent dividend histories in the cable industry. Open a brokerage account, analyze financial metrics, monitor market trends, and consider diversifying your portfolio. Consulting with a financial advisor can provide personalized guidance.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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