TCS, HCLTech, GAIL, and ONGC feature among 10 stocks offering some of the highest dividend yields based on FY26 adjusted payouts. PTC India leads the …
1/1010 dividend stocks to watch: Looking for stocks that offer dividend income? According to Religare Broking Ltd’s September 2026 analysis, PTC India, Coal India, REC and ONGC feature among the top names on the list, with dividend yields ranging from 3.3% to as high as 9.7%.
2/10PTC India: PTC India tops the list with a 9.7% dividend yield, while the stock trades at a P/E of 8.7x. Its FY26 dividend per share stood at ₹14.70, nearly double the ₹7.80 paid in FY25.
3/10Coal India: Coal India follows with a 6.6% dividend yield, with the stock trading at a P/E of 7.9x. Its FY26 dividend per share stood at ₹26.40, up from ₹25.50 in FY25. The company has also announced a ₹5.25 final dividend for FY26.
4/10REC: REC offers a 6.2% dividend yield, while its P/E stands at 5.3x, among the lowest on the list. The power financier paid a dividend of ₹19.60 per share in FY26, compared with ₹20.40 in FY25.
5/10ONGC: Oil & Natural Gas Corporation offers a 5.8% dividend yield, with the stock trading at a P/E of 6.7x. ONGC’s FY26 dividend per share stood at ₹13.50, higher than the ₹12.30 paid in FY25.
6/10Gujarat Pipavav Port: Gujarat Pipavav Port features among the top dividend-yielding stocks, offering a 5.7% yield. The stock trades at a P/E of 14.9x, while its FY26 dividend per share rose to ₹9.60 from ₹7.70 in FY25.
7/10Power Finance Corp: Power Finance Corporation offers a 5% dividend yield and trades at a P/E of just 4.9x, the lowest among the stocks on the list. Its FY26 dividend per share stood at ₹16.70, up from ₹13.50 in FY25.
8/10TCS and HCLTech: Two IT majors also feature on the list, with TCS offering a 4.5% dividend yield and HCLTech 4.1%. TCS trades at a P/E of 16.2x, compared with 19.6x for HCL Technologies, while their FY26 dividend per share stood at ₹109 and ₹54, respectively.
9/10GAIL: GAIL India features with a 3.5% dividend yield, while the stock trades at a P/E of 11.8x. Its FY26 dividend per share stood at ₹6, slightly lower than the ₹6.50 paid in FY25.
10/10Petronet LNG: Petronet LNG rounds off the list with a 3.3% dividend yield and a P/E of 10.7x. The company paid a dividend of ₹10 per share in FY26, unchanged from the previous financial year.
