Dividend Stocks: MSTC, PTC India, Castrol India, Thyrocare, and More Among Small-Caps With Over 6% Yield

Dividend-paying stocks are popular among investors who want regular income along with stability. A dividend is a part of a company’s profit shared with shareholders, usually every year or quarter.

One of the most important measures is dividend yield, which is calculated by dividing annual dividends by the current share price. Higher yields indicate better income potential, but investors also check profits, cash flows and business strength.

MSTC: Highest Dividend Yield Among Small-Caps

MSTC tops the list with an 8% dividend yield. With a current market price of around ₹479, the company paid total dividends of ₹36.5 in the past year. In 2025, MSTC announced multiple payouts, including a large ₹32 per share interim dividend, showing strong cash flows and steady profitability.

PTC India: Consistent Utility Sector Payer

PTC India offers a dividend yield of about 7%. With a share price near ₹158, the company paid dividends of ₹11.7 over the last 12 months. In 2025, it declared both interim and final dividends, highlighting its reliable dividend track record in the utilities space.

Castrol India: Stable Returns For Shareholders

Castrol India has delivered a 7% dividend yield based on ₹13 paid over the past year and a CMP of around ₹184. The company announced both interim and final dividends in 2025, including a special dividend, reflecting stable earnings and consistent payouts.

Thyrocare Technologies: Strong Payouts After Solid Performance

Thyrocare Technologies recorded a dividend yield of nearly 7%. With dividends of ₹28 and a CMP of ₹429, the diagnostics company rewarded shareholders with both interim and final dividends in 2025, supported by good operational performance.

CESC: Reliable Income From Power Business

CESC offers a 6% dividend yield, backed by ₹10.5 paid in the past year and a CMP of ₹171. The company paid 2 interim dividends in 2025, continuing its long-standing dividend-paying history.

Honda India Power Products: High-Value Dividends

Honda India Power Products also delivered a 6% yield. With dividends of ₹131.5 over the last year and a share price of about ₹2,336, the company announced both special and final dividends in 2025, supported by strong earnings.

Read More, Dividends and Bonus Issues This Week (Dec 15 - Dec 19): eClerx, Indian Oil, Can Fin Homes, Dr Lal Pathlabs to Hit Record Dates!

Conclusion

Small-cap dividend stocks like MSTC, PTC India and Castrol India offer attractive yields of over 6%, making them appealing for income-seeking investors. However, along with high yields, it is important to assess business stability, earnings quality and long-term sustainability before investing.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.