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Top 10 Dividend Stocks on the Pakistan Stock Exchange
In one line
The PSX's highest-yielding listed shares, ranked weekly. Right now Millat Tractors (MTL) leads at 26.7%. Yields are trailing and a high yield can signal a falling price as much as a generous payout - read each chart with the number.
In one line: The PSX's highest-yielding listed shares, ranked weekly. Right now Millat Tractors (MTL) leads at 26.7%. Yields are trailing and a high yield can signal a falling price as much as a generous payout - read each chart with the number.
At a glance
- Highest trailing yield: Millat Tractors (MTL) at 26.66%.
- 76 listed companies currently pay a dividend; the full ranked list with charts is on this page.
- 10 of the top 10 currently yield 8% or more; the top-10 average is about 18.0%.
- Yields are trailing (past 12 months) and can change when a company revises its payout or its price moves.
- Dividends from listed shares are taxed (higher for non-filers). Educational only, not investment advice.
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01The top 10 by dividend yield
| # | Company | Price | Div/share | Yield | 1Y | P/E | 3-yr trend |
|---|---|---|---|---|---|---|---|
| 1 | Millat TractorsMTL | ₨ 300 | ₨ 80 | 26.66% | +5.5% | 8.3 | |
| 2 | Bank AlfalahBAFL | ₨ 59 | ₨ 14 | 23.86% | +34.1% | 3.6 | |
| 3 | Lotte Chemical PakistanLOTCHEM | ₨ 27 | ₨ 6 | 23.82% | +30.7% | 8.8 | |
| 4 | National Bank of PakistanNBP | ₨ 204 | ₨ 43 | 21.03% | +61.4% | 5.4 | |
| 5 | National FoodsNATF | ₨ 386 | ₨ 60 | 15.55% | +14.1% | 16.3 | |
| 6 | Habib Sugar MillsHABSM | ₨ 82 | ₨ 12 | 14.65% | +1.4% | 5.9 | |
| 7 | Kot Addu PowerKAPCO | ₨ 28 | ₨ 4 | 14.44% | -3.2% | 14.8 | |
| 8 | United BankUBL | ₨ 468 | ₨ 64 | 13.68% | +26.9% | 7.9 | |
| 9 | Descon OxychemDOL | ₨ 30 | ₨ 4 | 13.26% | +2.4% | 14.2 | |
| 10 | Indus MotorINDU | ₨ 1,940 | ₨ 248 | 12.78% | +1.3% | 5.9 |
As of 2026-08-03. Ranked by trailing 12-month dividend yield from automatically scraped prices and dividends. Refreshes weekly. Past payouts do not guarantee future ones.
023-year price history
Each chart is about three years of monthly closing prices. A high yield on a falling price can be a warning sign, so read the trend together with the yield.
Millat TractorsMTL
26.7%yield
₨ 438-31.5% 3y₨ 300
Bank AlfalahBAFL
23.9%yield
₨ 41+43.9% 3y₨ 59
Lotte Chemical PakistanLOTCHEM
23.8%yield
₨ 23+16.8% 3y₨ 27
National Bank of PakistanNBP
21.0%yield
₨ 22+810.6% 3y₨ 204
National FoodsNATF
15.6%yield
₨ 106+264.0% 3y₨ 386
Habib Sugar MillsHABSM
14.7%yield
₨ 37+121.4% 3y₨ 82
Kot Addu PowerKAPCO
14.4%yield
₨ 24+16.8% 3y₨ 28
United BankUBL
13.7%yield
₨ 147+217.1% 3y₨ 468
Descon OxychemDOL
13.3%yield
₨ 24+25.7% 3y₨ 30
Indus MotorINDU
12.8%yield
₨ 940+106.4% 3y₨ 1,940
03Every dividend payer on the PSX
All 76 listed companies that currently pay a dividend, ranked by trailing yield, each with its 3-year price trend. A high yield on a falling line is the one to question.
| # | Company | Price | Div/share | Yield | 1Y | P/E | 3-yr trend |
|---|---|---|---|---|---|---|---|
| 1 | Millat TractorsMTL | ₨ 300 | ₨ 80 | 26.66% | +5.5% | 8.3 | |
| 2 | Bank AlfalahBAFL | ₨ 59 | ₨ 14 | 23.86% | +34.1% | 3.6 | |
| 3 | Lotte Chemical PakistanLOTCHEM | ₨ 27 | ₨ 6 | 23.82% | +30.7% | 8.8 | |
| 4 | National Bank of PakistanNBP | ₨ 204 | ₨ 43 | 21.03% | +61.4% | 5.4 | |
| 5 | National FoodsNATF | ₨ 386 | ₨ 60 | 15.55% | +14.1% | 16.3 | |
| 6 | Habib Sugar MillsHABSM | ₨ 82 | ₨ 12 | 14.65% | +1.4% | 5.9 | |
| 7 | Kot Addu PowerKAPCO | ₨ 28 | ₨ 4 | 14.44% | -3.2% | 14.8 | |
| 8 | United BankUBL | ₨ 468 | ₨ 64 | 13.68% | +26.9% | 7.9 | |
| 9 | Descon OxychemDOL | ₨ 30 | ₨ 4 | 13.26% | +2.4% | 14.2 | |
| 10 | Indus MotorINDU | ₨ 1,940 | ₨ 248 | 12.78% | +1.3% | 5.9 | |
| 11 | Bank of PunjabBOP | ₨ 34 | ₨ 4 | 12.68% | +143.5% | 5.9 | |
| 12 | Hub PowerHUBC | ₨ 220 | ₨ 25 | 11.37% | +43.1% | 11.7 | |
| 13 | Pakistan OilfieldsPOL | ₨ 688 | ₨ 78 | 11.27% | +5.0% | 7.2 | |
| 14 | Pakistan TobaccoPAKT | ₨ 1,450 | ₨ 160 | 11.03% | +12.6% | 11.2 | |
| 15 | Bank AL HabibBAHL | ₨ 172 | ₨ 18 | 10.74% | +3.2% | 7.2 | |
| 16 | Ghani GlassGHGL | ₨ 39 | ₨ 4 | 10.15% | +0.9% | 6.3 | |
| 17 | Nestle PakistanNESTLE | ₨ 7,771 | ₨ 770 | 9.91% | +3.7% | 21.0 | |
| 18 | EFU Life AssuranceEFUL | ₨ 153 | ₨ 15 | 9.77% | +0.5% | 7.3 | |
| 19 | Fauji FertilizerFFC | ₨ 573 | ₨ 53 | 9.25% | +24.9% | 10.7 | |
| 20 | MCB BankMCB | ₨ 408 | ₨ 36 | 8.83% | +17.1% | 9.1 | |
| 21 | Engro FertilizersEFERT | ₨ 190 | ₨ 16 | 8.67% | +1.1% | 12.3 | |
| 22 | Thal LimitedTHALL | ₨ 583 | ₨ 50 | 8.58% | +25.6% | 5.1 | |
| 23 | Askari BankAKBL | ₨ 107 | ₨ 9 | 8.41% | +54.7% | 6.1 | |
| 24 | Habib BankHBL | ₨ 309 | ₨ 26 | 8.41% | +33.7% | 7.2 | |
| 25 | Nishat ChunianNCL | ₨ 36 | ₨ 3 | 8.33% | +0.4% | 7.3 | |
| 26 | Bestway CementBWCL | ₨ 498 | ₨ 40 | 8.03% | +2.1% | 11.5 | |
| 27 | Faysal BankFABL | ₨ 101 | ₨ 8 | 7.95% | +30.7% | 7.0 | |
| 28 | JDW Sugar MillsJDWS | ₨ 907 | ₨ 70 | 7.72% | +0.7% | 5.2 | |
| 29 | Systems LimitedSYS | ₨ 133 | ₨ 10 | 7.51% | +2.0% | 24.3 | |
| 30 | Jubilee General InsuranceJGICL | ₨ 80 | ₨ 6 | 7.50% | +23.1% | 3.9 | |
| 31 | Archroma PakistanARPL | ₨ 425 | ₨ 30 | 7.06% | +0.2% | 9.2 | |
| 32 | Honda Atlas CarsHCAR | ₨ 241 | ₨ 17 | 7.05% | -11.1% | 7.0 | |
| 33 | Air Link CommunicationAIRLINK | ₨ 136 | ₨ 9 | 6.63% | +1.5% | 14.2 | |
| 34 | Fatima FertilizerFATIMA | ₨ 157 | ₨ 10 | 6.51% | +38.9% | 12.2 | |
| 35 | Atlas HondaATLH | ₨ 1,631 | ₨ 102 | 6.25% | +32.4% | 9.1 | |
| 36 | Attock PetroleumAPL | ₨ 539 | ₨ 33 | 6.13% | +3.7% | 3.8 | |
| 37 | Oil & Gas DevelopmentOGDC | ₨ 319 | ₨ 19 | 5.95% | +24.8% | 8.2 | |
| 38 | Adamjee InsuranceAICL | ₨ 94 | ₨ 6 | 5.86% | +39.0% | 7.2 | |
| 39 | Unilever FoodsUPFL | ₨ 25,300 | ₨ 1,457 | 5.76% | +3.8% | 25.2 | |
| 40 | International SteelsISL | ₨ 86 | ₨ 4 | 5.23% | +0.2% | 13.2 | |
| 41 | Highnoon LaboratoriesHINOON | ₨ 978 | ₨ 50 | 5.11% | +2.5% | 12.5 | |
| 42 | Meezan BankMEBL | ₨ 569 | ₨ 28 | 5.01% | +56.8% | 11.3 | |
| 43 | GlaxoSmithKline PakistanGLAXO | ₨ 350 | ₨ 17 | 4.85% | -1.9% | 10.6 | |
| 44 | Citi PharmaCPHL | ₨ 74 | ₨ 4 | 4.71% | -11.0% | 15.4 | |
| 45 | Mari PetroleumMARI | ₨ 651 | ₨ 30 | 4.60% | +3.0% | 11.6 | |
| 46 | Kohinoor TextileKTML | ₨ 44 | ₨ 2 | 4.54% | +4.8% | 7.4 | |
| 47 | Abbott LaboratoriesABOT | ₨ 927 | ₨ 40 | 4.31% | +1.5% | 10.9 | |
| 48 | IGI HoldingsIGIHL | ₨ 280 | ₨ 12 | 4.29% | +15.9% | 22.2 | |
| 49 | Pakistan PetroleumPPL | ₨ 221 | ₨ 10 | 4.29% | +21.8% | 7.5 | |
| 50 | AGP LimitedAGP | ₨ 191 | ₨ 8 | 4.19% | +0.3% | 21.8 | |
| 51 | Gharibwal CementGWLC | ₨ 50 | ₨ 2 | 3.98% | +5.0% | 7.4 | |
| 52 | WAFI Energy (Hascol)WAFI | ₨ 179 | ₨ 7 | 3.90% | +3.4% | 7.9 | |
| 53 | Packages LimitedPKGS | ₨ 798 | ₨ 31 | 3.88% | +27.8% | 27.7 | |
| 54 | Pioneer CementPIOC | ₨ 273 | ₨ 10 | 3.66% | +24.2% | 9.4 | |
| 55 | Shell PakistanSHEL | ₨ 191 | ₨ 7 | 3.66% | +1.9% | 253.6 | |
| 56 | Tariq GlassTGL | ₨ 192 | ₨ 7 | 3.65% | -16.5% | 7.8 | |
| 57 | Attock CementACPL | ₨ 234 | ₨ 8 | 3.63% | -18.4% | 11.2 | |
| 58 | Frieslandcampina EngroFCEPL | ₨ 110 | ₨ 4 | 3.19% | +30.9% | 29.5 | |
| 59 | AvanceonAVN | ₨ 32 | ₨ 1 | 3.17% | -24.0% | 175.2 | |
| 60 | Al-Noor SugarALNRS | ₨ 128 | ₨ 4 | 3.13% | +42.1% | 15.5 | |
| 61 | Exide PakistanEXIDE | ₨ 488 | ₨ 15 | 3.08% | -34.1% | 11.3 | |
| 62 | Pakistan State OilPSO | ₨ 347 | ₨ 10 | 2.88% | -7.8% | 3.7 | |
| 63 | InterloopILP | ₨ 105 | ₨ 3 | 2.87% | +43.4% | 12.2 | |
| 64 | Nishat Chunian PowerNCPL | ₨ 56 | ₨ 2 | 2.67% | +114.0% | 13.5 | |
| 65 | Colgate-PalmoliveCOLG | ₨ 1,227 | ₨ 29 | 2.36% | -1.2% | 16.8 | |
| 66 | Nishat PowerNPL | ₨ 66 | ₨ 2 | 2.27% | +76.8% | 7.7 | |
| 67 | Fauji CementFCCL | ₨ 56 | ₨ 1 | 2.24% | +22.1% | 10.4 | |
| 68 | Cherat CementCHCC | ₨ 329 | ₨ 7 | 2.13% | +14.9% | 8.7 | |
| 69 | Nimir Industrial ChemicalsNICL | ₨ 239 | ₨ 4 | 1.67% | +34.6% | 13.1 | |
| 70 | Sitara ChemicalSITC | ₨ 807 | ₨ 11 | 1.36% | +37.3% | 12.3 | |
| 71 | Nishat MillsNML | ₨ 148 | ₨ 2 | 1.35% | +11.1% | 10.3 | |
| 72 | Ferozsons LaboratoriesFEROZ | ₨ 388 | ₨ 4 | 1.03% | +0.2% | 26.3 | |
| 73 | D.G. Khan CementDGKC | ₨ 216 | ₨ 2 | 0.93% | +25.4% | 8.2 | |
| 74 | Lucky CementLUCK | ₨ 449 | ₨ 4 | 0.89% | +24.8% | 40.5 | |
| 75 | Ghani AutomobileGHNI | ₨ 1,223 | ₨ 10 | 0.82% | +52.2% | 7.5 | |
| 76 | Attock RefineryATRL | ₨ 974 | ₨ 8 | 0.77% | +45.8% | 5.3 |
As of 2026-08-03. Ranked by trailing 12-month dividend yield from automatically scraped prices and dividends. Refreshes weekly. Past payouts do not guarantee future ones.
04How to read a dividend stock
Dividend yield is the annual dividend divided by the current share price, shown as a percentage. A 10% yield means a company paid Rs 10 in dividends over the past year for every Rs 100 of share price today. It is attractive, but it is not free money, and a few checks matter more than the headline number.
- Is the yield high because the dividend is generous, or because the price has fallen? A collapsing share price mechanically lifts the yield. Pair the yield with the 12-month trend above.
- Can the company keep paying it? A payout funded by genuine, recurring profit is safer than one funded by one-off gains or borrowing. Cyclical sectors can cut dividends in a downturn.
- What does tax do to your take-home? Dividends from listed companies are subject to withholding tax, which is higher for non-filers. Our investment tax guide explains filer vs non-filer rates.
- Yield is not total return. A 10% yield with a falling price can still lose you money; a 6% yield on a rising, growing company can beat it. Look at both.
Not a buy list. This page ranks stocks by a single number - trailing dividend yield - from automatically scraped data. It is educational, not a recommendation. High yields can signal distress as often as value.
05Weekly snapshot
Week of 2026-08-03. Highest yield: Millat Tractors (MTL) at 26.66%. 10 of the top 10 yield 8% or more.
Week of 2026-07-27. Highest yield: Millat Tractors (MTL) at 27.14%. 10 of the top 10 yield 8% or more.
Week of 2026-07-20. Highest yield: Millat Tractors (MTL) at 28.06%. 10 of the top 10 yield 8% or more.
Week of 2026-07-13. Highest yield: Millat Tractors (MTL) at 27.17%. 10 of the top 10 yield 8% or more.
Week of 2026-07-06. Highest yield: Millat Tractors (MTL) at 26.38%. 10 of the top 10 yield 8% or more.
Week of 2026-06-29. Highest yield: Millat Tractors (MTL) at 26.27%. 10 of the top 10 yield 8% or more.
Week of 2026-06-25. Highest yield: Lotte Chemical Pakistan (LOTCHEM) at 17.81%. 10 of the top 10 yield 8% or more.
06Frequently asked questions
What are the highest dividend-paying stocks on the PSX right now?
The table on this page ranks the top 10 listed companies by trailing dividend yield, refreshed weekly from market data. As yields move with both the dividend and the share price, the order changes over time - check the live table above for the current ranking.
Is a higher dividend yield always better?
No. A very high yield can mean the share price has fallen sharply, which lifts the yield mechanically, or that a one-off payout is not repeatable. Always read the yield alongside the 12-month price trend and whether the payout is funded by recurring profit.
How are dividends taxed in Pakistan?
Dividends from listed companies are subject to withholding tax, which is higher for people who are not on the Active Taxpayers List (non-filers). The exact rate depends on the company and your filer status - see our investment tax guide for current rates.
How often is this list updated?
It refreshes automatically every week from the latest available prices and dividend data, and a dated snapshot is added to the weekly log on this page each time.
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This page is for educational purposes only and is not investment advice. The author is a software engineer, not an investment professional. Figures are scraped automatically and may lag or contain errors; dividend yields are trailing (past 12 months) and do not predict future payouts. Verify against the PSX and company sources before acting.