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The best dividend paying penny shares on our market right now
 
Company Name    Sector                                    Dividend Yield
ACCPROP    Real Estate Investment Trusts    8,71%
ALTRON            Electronic & Electrical Equipment    5,64%
AMECOR    Electronic & Electrical Equipment    8,42%
ARGENT    General Industrials                            6,50%
ARROWA    Real Estate Investment Trusts    8,45%
ASCEN A    Real Estate Investment Trusts    5,66%
COGNITION    Software & Computer Services    6,22%
COMAIR            Travel & Leisure                            5,98%
DELPROP    Real Estate Investment & Services 11,67%
EQSTRA      General Industrials                             18,46%
FAIRVEST    Real Estate Investment Trusts    9,16%
HULAMIN    Industrial Metals & Mining            6,11%
INSIMBI            Industrial Metals & Mining            5,36%
ISA                    AltX                                             5,56%
M&R-HLD    Construction & Materials            6,33%
MAZOR            Construction & Materials            5,83%
NEDBANK-P    Preference Shares                     8,89%
PAN-AF            Mining                                            7,64%
PRESCIENT    Financial Services                            5,91%
SA CORP    Real Estate Investment Trusts    8,02%
SAFARI            Real Estate Investment Trusts    8,24%
TEX            Real Estate Investment Trusts    11,30%
TOWER            Real Estate Investment Trusts    9,86%
VALUE            Industrial Transportation             6,30%
VERIMARK    General Retailers                           12,73%
WINHOLD    Support Services                            7,00%

Average    8,08%

Correct me if I am wrong, is the DY not based on past dividends, not future. Cannot see Altron with a share price of R5.00 still paying a dividend.

But I might be wrong.

You're right, yield is based on the last year. That's why the STXDIV kept loading up on African bank as the share price crashed. It's yield kept climbing. A total disaster of note!