Dividend kings: Vedanta tops list of 15 largecap stocks with highest yields

Metals and mining sector player Vedanta has topped the list of large-cap stocks with the highest dividend yields, according to a report released by domestic brokerage firm Axis Securities. The list includes 15 large-cap companies that have generated the highest dividend yields over the past 12 months.

The dividend yield, calculated as a percentage, provides a valuable metric for evaluating the dividend payment on an investment relative to the stock's current market price, making it one of the essential tools for investors looking to pocket additional gains on their investments.

Notably, Anil Agarwal-led Vedanta, which leads the pack, has the highest dividend yield of 12 per cent, with a current dividend per share (DPS) of ₹8.5 and an annual dividend of ₹43.5.

This is followed by Hindustan Zinc, and Coal India, both with a dividend yield of 7 per cent, and a total dividend of ₹29 and ₹26.35 in the last 12 months, respectively.

Other companies on the list include Oil and Natural Gas Corporation (ONGC), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC), REC, HCL Technologies, Power Finance Corporation, Hero MotoCorp, Gail (India), Tata Consultancy Services (TCS), Power Grid Corporation of India, Infosys, and ITC.

That said, the fast-moving consumer goods (FMCG) giants were ranked at the bottom of the list, with a dividend yield of 3 per cent, a current dividend per share (DPS) of ₹6.5, and an annual dividend of ₹14 in the last 12 months.

As investors continue to navigate ongoing economic uncertainties, these companies have remained steadfast in maintaining healthy payouts, making them an attractive choice for income-seeking investors.