- Penny stock investing is gaining popularity as investors seek new stock investment opportunities
- There are many penny stocks that not only offer price appreciation but high dividends as well.
Investors are increasingly looking for new and different types of stock investments. One such type which has gained popularity recently is penny stock investing.
Penny stocks are known for being very cheaply priced and for having the potential to offer high returns, which also carries a high-risk component.
Interestingly, while not many may associate such stocks with paying dividends, there are several penny stocks that can also offer a good dividend.
Let us take a look at the top 5 FTSE listed penny stocks of 2021 with a dividend yield of over 7 per cent:
- Roebuck Food Group PLC (LON: RFG)
AIM-listed firm Roebuck Food Group is a UK based company that offers warehousing and related services to the food manufacturing sector. It was previously known as Norish PLC.
The company reported its sales rose by 19 per cent to £18.9 million for the 6 months ended on 30 June, up from £15.9 million in the year before. During the reported period, its operating profit jumped by 61 per cent to £1.51million.
Roebuck Food Group has a dividend yield of 11.4 per cent and a five-year average dividend yield of 1.8 per cent. The company had a market cap of £5.56 million as of 30 November
- Hansard Global Plc (Douglas) (LON: HSD)
The main market-listed firm Hansard Global is a financial services company with operations in the Isle of Man.
The company stated in its Q1 2022 trading update that its new business in Q1 2022 ended 30 September 2021, was down by 8.2 per cent to £31.4 million under the present value of new business premium terms, compared to the year before.
Hansard Global has a dividend yield of 9.5 per cent and a five-year average dividend yield of 10.3 per cent.
The company has a market cap of £67.95 million and a one-year return of 22.75 per cent as of 30 November.
- Steppe Cement Ltd (LON: STCM)
Steppe Cement is a leading cement maker in Kazakhstan. It is a constituent of the FTSE AIM All-Share index.
The company’s revenue rose by 8 per cent to KZT 12,045 million for Q3 2021, from KZT 11,114 million in Q3 2020. At the same time its Q3 2021 sales volume fell by 4 per cent to 535,200 tonnes, from the previous year. The fall was attributed to the company’s prioritisation of price over volume in Q3.
Steppe Cement has a dividend yield of 7.6 per cent and a five-year average dividend yield of 4.8 per cent.
The company has a market cap of £94.17 million and a one-year return of 33.23 per cent as of 30 November.
- Wentworth Resources PLC (LON: WEN)
Wentworth Resources is an independent oil and gas company. It is another company that is a constituent of the FTSE AIM All-Share index.
The group entered into an agreement with Vitol SA, an energy and commodities trader, in order to develop a carbon credit program to help offset carbon emissions at Mnazi Bay in Tanzania from next year.
Wentworth Resources has a dividend yield of 7.2 per cent and a five-year average dividend yield of 4.2 per cent.
The company has a market cap of £38.04 million and a one-year return of 11.11 per cent as of 30 November.
- Seplat Energy PLC (LON: SEPL)
Seplat Energy is an oil and gas company. The group’s 9M 2021 revenue was up by 18.7 per cent to US$ 460.4 million, from US$ 387.8 million in 9M 2020.
Its 9M 2021 gross profit jumped by 61.7 per cent to US$ 146.5 million, from US$ 90.6 million in the year before.
Seplat Energy has a dividend yield of 9.0 per cent and a five-year average dividend yield of 8.8 per cent.
The company has a market cap of £470.69 million and a one-year return of 35.28 per cent as of 30 November.