When markets turn volatile and capital gains become harder to come by, dividend yield tends to take centre stage. IDBI Capital recently listed 15 high-dividend yield stocks from the Nifty 500 universe, while over 40 stocks are set to trade ex-dividend this week with total payouts of ₹578.45 per share, including three special dividends. Here are seven of the most compelling dividend opportunities right now.
🛢️ Bharat Petroleum Corporation (BPCL) – The 7.5% Yield Leader
Website: www.bharatpetroleum.in
· Dividend Yield: 7.5% (Trailing 1‑year yield of 7.34% as per Trendlyne data)
· What Makes It Attractive: BPCL offers the highest dividend yield among Nifty 500 stocks. The oil marketing company has declared 45 dividends since June 2001 and paid ₹22.50 per share over the past year. With a market cap of ₹1,30,350 crore, it remains a PSU dividend powerhouse.
· Economic Tailwind: The recent US-Iran peace deal has eased crude supply concerns, improving marketing margins for OMCs.
· Source: www.business-standard.com | www.trendlyne.com
⛏️ Coal India Ltd – The Balanced Dividend Giant
Website: www.coalindia.in
· Dividend Yield: 5.9% (Trailing 1‑year yield of 5.85% at ₹451.30)
· What Makes It Attractive: With a payout ratio of just 46.3% and a staggering 41.6% average RoE over five years, Coal India's dividends are among the most sustainable in the PSU space. The company has paid ₹26.40 per share over the past 12 months and declared 33 dividends since February 2011.
· Economic Tailwind: India's surging power demand keeps coal production at record highs, ensuring steady cash flows for dividends.
· Source: www.equitymaster.com | www.trendlyne.com
💰 Vedanta Ltd – The Double‑Digit Yield King
Website: www.vedantalimited.com
· Dividend Yield: 15.48% – the highest on this list
· What Makes It Attractive: Vedanta is one of India's most aggressive dividend payers. It paid ₹34 per share in FY26, ₹43.5 in FY25, and ₹50 in FY24. Q4 FY26 revenue rose 29% YoY to ₹51,524 crore, while net profit jumped 89% YoY to ₹9,352 crore.
· ⚠️ Caution: The payout ratio of 101.17% means dividends are currently exceeding reported earnings – a factor that warrants close monitoring.
· Source: www.bajajbroking.in
🏦 REC Ltd – The Power Financier With 5.5% Yield
Website: www.recindia.nic.in
· Dividend Yield: 5.5% (Trailing 1‑year yield of 5.52%)
· What Makes It Attractive: The Maharatna company has declared 46 dividends since September 2008 and paid ₹19.60 per share over the past 12 months. With a payout ratio of just 29.8% and RoE of 19.7%, the dividend is well-covered.
· Economic Tailwind: Government's ₹9 lakh crore infrastructure pipeline ensures steady loan book growth for this power sector financier.
· Source: www.equitymaster.com | www.business-standard.com
🛢️ Indian Oil Corporation (IOC) – The 7% Yield PSU
Website: www.iocl.com
· Dividend Yield: 7.0% (Trailing 1‑year yield of 6.97%)
· What Makes It Attractive: IOC has declared 42 dividends since August 2001 and paid ₹10 per share over the past year. With a massive market cap of ₹2,00,804 crore, it remains a core PSU holding for dividend investors.
· Economic Tailwind: Like BPCL, IOC benefits from the easing of crude prices and improved marketing margins post the US-Iran peace deal.
· Source: www.business-standard.com | www.trendlyne.com
💻 Wipro Ltd – The IT Dividend Accelerator
Website: www.wipro.com
· Dividend Yield: 6.3% (Trailing 1‑year yield of 6.08% at ₹180.80)
· What Makes It Attractive: Wipro's dividend trajectory is remarkable – from ₹1 per share in FY24 to ₹6 in FY25 and ₹11 in FY26 – a meaningful acceleration. The IT major has declared 37 dividends since May 2000 and has a payout ratio of 87.42%.
· Economic Tailwind: A weaker rupee boosts IT sector earnings, supporting the company's ability to maintain generous payouts.
· Source: www.bajajbroking.in | www.trendlyne.com
📈 Bajaj Holdings & Investment – The ₹130 Special Dividend Star
Website: www.bajajholdings.com
· Dividend Yield: Special Dividend of ₹50 + Final Dividend of ₹80 = ₹130 per share
· What Makes It Attractive: Bajaj Holdings has recommended a final dividend of ₹130 per share for FY26, which includes a special payout of ₹50 to celebrate 100 years of the Bajaj Group. The record date is June 30, 2026. If approved, the total dividend payout for FY26 would stand at ₹195 per share.
· ⚠️ Action Required: Investors must hold Bajaj Holdings stock on or before Monday, June 29, 2026 to be eligible.
· Source: www.financialexpress.com
📅 Upcoming Ex-Dividend Dates You Can't Miss
==Company Ex-Date Dividend Amount
Jyothy Labs June 29, 2026 ₹3.50 per share
Kansai Nerolac Paints June 29, 2026 ₹2.50 per share
Kalpataru Projects June 29, 2026 ₹11 per share
Bajaj Finserv June 30, 2026 ₹1.50 per share
Bajaj Holdings June 30, 2026 ₹130 per share (₹80 final + ₹50 special)
Bajaj Finance June 30, 2026 ₹6 per share
Mahindra & Mahindra July 3, 2026 ₹33 per share
Swaraj Engines July 3, 2026 ₹110 per share==
Investors must purchase shares before the ex-date to be eligible for dividends.
⚠️ Key Takeaways for Dividend Investors
· High yield isn't everything: A payout ratio consistently exceeding 100% raises questions about sustainability.
· Watch the ex-date: Investors who purchase shares on or after the ex-date will not receive the declared dividend.
· Tax implications: TDS on dividend income for resident individuals is 10% if the dividend amount exceeds ₹5,000 in a financial year.
· T+1 settlement: Shares purchased on the record date will not be eligible for dividend payment. Investors must own shares by the previous day.
Data as of June 26, 2026. Sources: www.equitymaster.com, www.trendlyne.com, www.business-standard.com, www.bajajbroking.in, www.financialexpress.com, www.etnownews.com, www.ndtvprofit.com, www.zeebiz.com