15 Large-cap Stocks with Highest Dividends

9. Sanofi (NASDAQ:SNY)

Dividend Yield as of March 28: 4.69%

Next on our list of the Large-Cap Stocks with Highest Dividends is Sanofi (NASDAQ:SNY). It is a healthcare biopharmaceutical company that engages in the research, development, manufacture, and marketing of therapeutic solutions.

On March 19, Bernstein analyst Justin Smith initiated coverage of Sanofi (NASDAQ:SNY) with an ‘Outperform’ rating and a price target of €110. The target indicates an upside of 37% from the current share price.

Bernstein sees the new CEO at Sanofi (NASDAQ:SNY) unlocking share value. The French drugmaker appointed Belén Garijo as its new chief executive in February, replacing Paul Hudson, who had led the company for the last six years. The 65-year-old Spanish executive, who is set to take charge in late April, has headed Germany’s Merck KGaA since 2021.

Sanofi (NASDAQ:SNY) stated on its website:

“Belén Garijo will bring an increased rigor to the implementation of Sanofi’s strategy and accelerate the preparation of the Group’s future. Her priority will be to strengthen the productivity, governance, and innovation capacity of Research & Development.”

The share price of Sanofi (NASDAQ:SNY) has declined by over 4.5% since the beginning of 2026. However, the stock has a forward P/E ratio of 9.26 and was recently included in our list of the 15 Best Undervalued Stocks Under $50 to Invest in Now.