Coal India, ONGC, BPCL, IOC and Wipro; top five large-cap stocks with high dividend yield

The benchmark indices continued their downward trend on Tuesday as NIFTY50 fell below 23,700 levels. The benchmark indices have continued their sideways trend for more than over 2-years, offering limited prospects for market participants, especially within the large-cap segment. On the flipside, the smallcap and midcap stocks have shown resilience by rallying to record highs, outperforming the largecap peers. Meanwhile, investors continued to place their bets on high dividend yield stocks in a sideways-to-bearish market.

Source: Screener.in, Dividend yield as of FY26

Coal India

Coal India retains the top spot with highest dividend yield among the largecap stocks at 6.35%. The company has been paying dividends consistently paying for more than a decade with a healthy dividend payout ratio of over 50%. Besides this, company’s share price has also delivered steady growth at 14% CAGR for over 3 years, despite flat growth in the profitability.

Wipro

After the PSU major, the IT giant Wipro holds the second spot in the largecap category with 6.35% dividend yield. The company currently struggling from the sectoral headwinds in the aftermath of AI. The company’s 3-year profitability growth remains modest at 5% CAGR and share price growth at -7% CAGR. Despite the modest profit growth, company continues to boast healthy dividend payout ratio of over 87% as FY26.

Indian Oil Corporation

Indian Oil Corporation holds third spot amongst the largecap peers with dividend yield of over 6.08%. The oil market company also continues to face sectoral headwinds of high crude oil prices and eroding gross refining margins. Despite this company’s total dividend payout ratio stands at 27% and has been consistently payout dividend for more than a decade. On a 3-year timeframe, the company’s profitability has grown at 62% CAGR and benign share price performance of 14% CAGR for the same time period.

ONGC

Another PSU major tops the chart of high dividend yield stocks as ONGC delivered over 5.6% dividend yield. The oil exploration major has witnessed strong windfall gains with rising crude oil prices as company expands its exploration fields. The company’s 3-year profitability growth remained modest at 1% CAGR and subsequent drop in share price performance. However, the company continues to payout healthy dividend at 27% of the profit as of FY26.

BPCL

Bharat Petroleum Corporation is another oil marketing company with a dividend yield of over 5.6%, delivering consistent payout to its investors. The company remains under pressure led by high crude oil prices and contraction in the refining margins. However, the dividend payout ratio remains high at 29%. The company’s profitability zoomed in FY26, led by lower crude oil prices in the previous year; however, the latest quarterly results show a sharp drawdown in profitability at operating levels. The company posted a net loss of ₹1,873 crore in Q1FY27.