High dividend yield stocks: Vedanta, Coal India among 15 largecap stocks with high dividend yields. Do you own any?

While the Indian stock market sees sharp upswings and downswings amid the seesaw political game in the Middle East, elevated crude prices, and global AI trade, investors keep cashing in dividends announced by companies. Domestic brokerage firm Axis Direct’ latest report highlighted top dividend yield stocks, which lists companies that have consistently rewarded shareholders with strong payouts. A dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price. Here are 15 large cap stocks with the highest dividend yields, according to the report.

The Anil Agarwal-led Vedanta is popular among investors for its high dividend payouts. The company which has an m-cap of around Rs 1.04 lakh crore has delivered the highest dividend yield of 10%, the report said.

PSU major Coal India comes second on the Axis Direct’s list with a dividend yield of 8%. In July, Coal India declared an interim dividend of Rs 5.50 per share for the ongoing financial year 2027. The record date to determine the eligibility of shareholders set to receive the payment has been fixed on July 31. It has paid dividend worth Rs 31.9 per share in the past one year, according to the report.

Indian Oil Corporation (IOC) has a dividend yield of 7%. The OMC has declared 42 dividends since August 2001, and last paid a dividend of Rs 2 per share in March this year, according to data on Trendlyne. This comes even as the stock declined around 16% so far in 2026 amid rising oil prices.

Bharat Petroleum (BPCL) has a dividend yield of 7%. The OMC has declared 45 dividends since June, 2001, and last paid a dividend of Rs 10 per share in February this year, according to data on Trendlyne. This comes even as the stock declined more than 16% so far in 2026.

REC, which is heading towards its mega merger with PFC, has a dividend yield of 6%. The Maharatna company has declared 48 dividends since September 2008, and has paid dividends worth Rs 23.9 per share in the past 12 months, according to data on Trendlyne.

Upstream producer Oil And Natural Gas Corporation Ltd (ONGC) sits comfortably at a 6% yield with a payout of Rs 13.5 per share in the past twelve months. The shares of the company are overall up nearly 2% in 2026 so far.

ITC has a dividend yield of 5%, according to Axis Direct’s report. The FMCG major has paid dividend worth Rs 14.5 per share in the past 12 months. The company currently has a market capitalisation of Rs 3.53 lakh crore.

Tata Consultancy Services (TCS) also has a dividend yield of 5%, according to Axis Direct’s report. India’s largest IT services firm has paid dividend worth Rs 111 per share in the past 12 months. The company currently has a market capitalisation of Rs 8.56 lakh crore.

HCL Technologies has a dividend yield of 4%, according to Axis Direct’s report. The IT services major has paid dividend worth Rs 60 per share in the past 12 months. The company currently has a market capitalisation of Rs 3.64 lakh crore.

Wipro has a dividend yield of 4%, according to Axis Direct’s report. The IT firm has paid dividend worth Rs 8 per share in the past 12 months. The company currently has a market capitalisation of Rs 1.81 lakh crore.

Power Finance Corporation (PFC) has a dividend yield of 4%, according to Axis Direct’s report. The power financier has paid dividend worth Rs 18.6 per share in the past 12 months. The company currently has a market capitalisation of Rs 1.4 lakh crore.

Infosys also has a dividend yield of 4%, according to Axis Direct’s report. The IT firm has paid dividend worth Rs 48 per share in the past 12 months. The company currently has a market capitalisation of Rs 4.57 lakh crore.

Bank of Baroda has a dividend yield of 4%, according to the report. The lender has paid dividend worth Rs 8.5 per share in the past 12 months. The company currently has a market capitalisation of Rs 1.25 lakh crore.

Gail (India) has a dividend yield of 3%, according to the report. The public sector company has paid dividend worth Rs 6 per share in the past 12 months. The company currently has a market capitalisation of Rs 1.15 lakh crore.

Power Grid Corporation of India has a dividend yield of 3%, according to the report. The company has paid dividend worth Rs 9 per share in the past 12 months. The company currently has a market capitalisation of Rs 2.64 lakh crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)