This inexpensive high-dividend stock offers solid ROE of over 50%

John D. Rockefeller once said, "Do you know the only thing that gives me pleasure? It's to see my dividends coming in". After all, earning rewards on top of your investments is like receiving gifts - the more, the better. So, it is only natural that some investors seek high-dividend paying companies that simultaneously offer solid growth. However, finding such offerings is easier said than done, which is why we used our stock screener to find high-yielding dividend stocks with strong financials. To our surprise, we found a company with a return on equity (ROE) of 51 per cent as of H1 FY24 and a dividend yield of over 5 per cent! It's also low-valued at a P/E of 19 times. The company is Nirlon, a nylon producer turned commercial real estate player. Going by its return ratios, operating margins and valuations, Nirlon is a seemingly attractive bet. But here's why we di