Looking for passive income? Here are 10 stocks with highest dividend yields

PTC India, MSTC, and Vedanta have emerged as the stocks with the highest dividend yields across the large-cap, mid-cap, and small-cap segments, according to a list compiled by Axis Securities.

 

The report featured a total of 45 companies, categorised into 15 stocks each from the large-cap, mid-cap, and small-cap spaces. These companies were ranked based on their dividend yields over the past 12 months, highlighting those that have consistently rewarded shareholders through dividend payouts. ACCESS FULL REPORT HERE

 

The top 10 companies with the highest dividend yields included PTC India, MSTC, Vedanta, Akzo Nobel India, Coal India, NMDC, Hindustan Zinc, La Opala RG, Ashok Leyland, and National Aluminium Company (Nalco).

 

Among the small-cap companies, PTC India, and MSTC stood out with dividend yields of 10 per cent each, placing them at the top of the consolidated list. Akzo Nobel India and La Opala RG were two other small-cap stocks featured in the top 10, with dividend yields of 8 per cent and 7 per cent, respectively.

 

In the large-cap segment, metals and mining major Vedanta led with a dividend yield of 8 per cent. Coal India and Hindustan Zinc also made the list, each offering a yield of 7 per cent. 

Rank	Company Name	Industry	CMP (₹)	Market Cap (₹ Cr)	Dividend (Last 12 Mo ₹)	Dividend Yield (%)	Category
1	PTC India	Utilities	190	5,622	19.5	10%	Small Cap
2	MSTC Limited	Others	470	3,310	45.5	10%	Small Cap
3	Vedanta	Metals & Mining	446	1,74,208	35.5	8%	Large Cap
4	Akzo Nobel India	Agri & Chemicals	3,363	15,313	256	8%	Small Cap
5	Coal India	Metals & Mining	385	2,37,080	26.9	7%	Large Cap
6	NMDC	Metals & Mining	72	63,143	4.8	7%	Mid Cap
7	Hindustan Zinc	Metals & Mining	430	1,81,689	29	7%	Large Cap
8	La Opala RG	Building Materials	252	2,792	17.5	7%	Small Cap
9	Ashok Leyland .	Auto & Ancillary	133	78,170	6.3	5%	Mid Cap
10	National Aluminium Co. .	Metals & Mining	192	35,304	10	5%	Mid Cap

  (Source: Axis Securities)

From the mid-cap space, NMDC posted the highest dividend yield at 7 per cent. Ashok Leyland, and National Aluminium Company (NALCO) also featured in the rankings, each with a dividend yield of 5 per cent. 

 

Other notable mentions in the mid-cap space include NMDC, and National Aluminium Company, each offering yields of 7 per cent and 5 per cent respectively, indicating the dominance of metal and mining companies in dividend yield rankings.