Pakistan’s stock market is one of the best in the world for dividend income. This list ranks the PSX companies with the highest dividend yields, using the cash dividends each company actually paid over the last 12 months and the closing price on 30 October 2026. To keep the list useful, it only includes companies worth at least Rs 5 bn, and it shows two checks that matter as much as the yield itself: how consistently the company pays, and whether its profit covers the dividend.
Top 25 dividend yield stocks on the PSX
| # | Stock | Company | Price | Dividends, 12 months | Yield | Years paid (of 10) | Payout ratio |
|---|---|---|---|---|---|---|---|
| 1 | LOTCHEM | Noventra | Rs 23.89 | Rs 6.50 | 27.2% | 9 of 10 | 192% |
| 2 | NBP | National Bank of Pakistan | Rs 159.72 | Rs 35.00 | 21.9% | 4 of 10 | 110% |
| 3 | ARPL | Archroma Pakistan | Rs 358.50 | Rs 55.00 | 15.3% | 8 of 10 | 97% |
| 4 | POL | Pakistan Oilfields | Rs 667.04 | Rs 100.00 | 15.0% | 10 of 10 | 78% |
| 5 | EPQL | Engro Powergen Qadirpur | Rs 23.92 | Rs 3.50 | 14.6% | 10 of 10 | 166% |
| 6 | DOL | Descon Oxychem | Rs 30.00 | Rs 4.00 | 13.3% | 8 of 10 | 169% |
| 7 | OLPL | OLP Financial Services Pakistan | Rs 45.00 | Rs 6.00 | 13.3% | 10 of 10 | 76% |
| 8 | JLICL | Jubilee Life Insurance Co. | Rs 101.47 | Rs 13.00 | 12.8% | 10 of 10 | – |
| 9 | HMB | Habib Metropolitan Bank | Rs 96.68 | Rs 12.00 | 12.4% | 10 of 10 | 66% |
| 10 | KAPCO | Kot Addu Power Co. | Rs 24.17 | Rs 3.00 | 12.4% | 10 of 10 | 88% |
| 11 | AHL | Arif Habib | Rs 103.80 | Rs 12.50 | 12.0% | 9 of 10 | 68% |
| 12 | BIPL | BankIslami Pakistan | Rs 23.15 | Rs 2.75 | 11.9% | 4 of 10 | 76% |
| 13 | HUMNL | Hum Network | Rs 8.57 | Rs 1.00 | 11.7% | 3 of 10 | 425% |
| 14 | BOP | Bank of Punjab | Rs 28.35 | Rs 3.10 | 10.9% | 6 of 10 | 56% |
| 15 | APL | Attock Petroleum | Rs 549.94 | Rs 60.00 | 10.9% | 10 of 10 | 38% |
| 16 | INDU | Indus Motor Co. | Rs 1,858.20 | Rs 195.00 | 10.5% | 10 of 10 | 59% |
| 17 | HUBC | Hub Power Co. | Rs 193.18 | Rs 20.00 | 10.4% | 8 of 10 | 51% |
| 18 | SCBPL | Standard Chartered Bank (Pakistan) | Rs 59.57 | Rs 6.00 | 10.1% | 10 of 10 | 97% |
| 19 | BAFL | Bank Alfalah | Rs 57.77 | Rs 5.75 | 10.0% | 9 of 10 | 51% |
| 20 | BAHL | Bank Al Habib | Rs 150.89 | Rs 15.00 | 9.9% | 10 of 10 | 56% |
| 21 | AHCL | Arif Habib Corporation | Rs 12.92 | Rs 1.25 | 9.7% | 8 of 10 | 130% |
| 22 | NCL | Nishat Chunian | Rs 42.61 | Rs 4.00 | 9.4% | 8 of 10 | 37% |
| 23 | ABL | Allied Bank | Rs 170.89 | Rs 16.00 | 9.4% | 10 of 10 | 53% |
| 24 | GHGL | Ghani Glass | Rs 37.54 | Rs 3.50 | 9.3% | 10 of 10 | 46% |
| 25 | PTL | Panther Tyres | Rs 45.52 | Rs 4.00 | 8.8% | 5 of 10 | 51% |
Yield = cash dividends over the last 12 months ÷ share price. Payout ratio = dividends ÷ earnings per share over the last 12 months. 15 of these 25 companies are KSE-100 members.
How to read this list
- Check the payout ratio. LOTCHEM, NBP, EPQL, DOL, HUMNL, AHCL paid more in dividends than they earned over the period. That can come from a special dividend or from drawing on past profits, and it usually cannot be repeated every year. See our guide to the payout ratio.
- Check the record. A company that paid in 10 of the last 10 years is more dependable than one that paid in 3.
- Check why the yield is high. Yield rises when the price falls. A very high yield can be a sign that the market expects a cut.
- Tax. Cash dividends are taxed at source, usually 15% for tax filers, so the yield you receive is lower than the figure above.
For a full explanation with worked examples, read What is dividend yield?
Find more income stocks
Every company has its own page with dividend history: see the PSX stocks list. On the dashboard, the screener’s Income list finds stocks yielding at least 8% with a reasonable Pulse Score.
Frequently asked questions
Which PSX stock pays the highest dividend?
On the figures to 30 October 2026, Noventra (LOTCHEM) had the highest dividend yield among PSX companies worth Rs 5 bn or more, at 27.2%. Check its payout ratio before relying on that yield.
How often is this list updated?
We refresh it after each results season, when most companies announce their dividends.
Are bonus shares included?
No. The yield counts cash dividends only.
Related terms
Bilal, Market Pulse Hub
Figures are from company results and closing prices up to 30 October 2026 and will change as new results and prices arrive. Ratios are our calculations or come from our financial data, and other sources may show slightly different values because of different definitions or dates. This article is for education only and is not investment advice.