15 Large-cap Stocks with Highest Dividends

In this article, we are going to discuss the 15 large-cap stocks with highest dividends.

Large-cap stocks are usually issued by established companies with long track records. These are often well-known names that have been operating for years. Many of them are referred to as “blue chips,” known for producing reliable goods and services while maintaining steady growth and consistent dividend payments.

These companies often hold strong positions in their industries. Their brands are widely recognized, often by consumers across the country. At the same time, they are not immune to losses. Large-cap stocks can still decline and impact investors. Even so, they are generally seen as more conservative than small-cap or mid-cap stocks. They tend to show lower volatility, though that often comes with more moderate growth.

Large-cap companies are also known for paying stable dividends. Nuveen reported that dividend growth stocks have provided an attractive combination of earnings and cash flow growth potential, healthy balance sheets, and sustainable dividend policies. These stocks have historically offered compelling performance during up markets and provided a buffer during market drawdowns and in volatile environments.

Over the long term, dividend growers and initiators have generated higher returns with less risk, measured by standard deviation, than companies that maintained their dividends, paid no dividend, and reduced or eliminated their dividends.

The report also noted that dividends are not guaranteed and can fluctuate over time. Still, they have played a meaningful role in total returns. From 1930 to 2025, 39% of the annualized total return of the S&P 500 was derived from the payment and reinvestment of dividends, with capital appreciation contributing the rest.

Given this, we will take a look at some of the best stocks with highest dividends.

Photo by Dan Dennis on Unsplash

Our Methodology

To collect data for this article, we used our stock screeners to identify energy stocks with a market cap of over $10 billion. We then shortlisted stocks with an annual dividend yield of over 4%, as of March 28. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. The following are the Large-Cap Stocks with the Highest Dividends in 2026.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).

15. BP p.l.c. (NYSE:BP)

Dividend Yield as of March 28: 4.24%

BP p.l.c. (NYSE:BP) is a British multinational company recognized worldwide for quality gasoline, transport fuels, chemicals, and alternative sources of energy such as wind and biofuels.

BP p.l.c. (NYSE:BP) received a boost on March 24 when Morgan Stanley analyst Martijn Rats upgraded the stock from ‘Equal Weight’ to ‘Overweight’, while also raising its price target from $36.20 to $49.40. The bumped target indicates an upside potential of 7% from the current share price.

BP p.l.c. (NYSE:BP) reported an upstream production of 2,312 mboe/d in FY 2025. The company expects its FY 2026 upstream production to be slightly lower than this. However, the firm is targeting to make continued progress in growing its cash flows, supported by its structural cost reduction program. BP expects to cut its structural costs by $5.5-6.5 billion by end of 2027.

BP p.l.c. (NYSE:BP) has surged by almost 29% since the beginning of 2026. The British energy giant was also recently included in our list of the 12 Best Large Cap Energy Stocks to Buy Now.

14. Bristol-Myers Squibb Company (NYSE:BMY)

Dividend Yield as of March 28: 4.30%

Bristol-Myers Squibb Company (NYSE:BMY) discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide.

Bristol-Myers Squibb Company (NYSE:BMY) announced on March 20 that the U.S. Food and Drug Administration had approved the company’s combination treatment for adults and adolescents aged 12 and older ‌with previously untreated stage III or IV classical Hodgkin’s lymphoma. The antitumor therapy, called Opdivo, had previously received the green light to treat various advanced or metastatic cancers, including ​melanoma, non-small cell lung cancer, and kidney cancer.

The regulatory authority’s decision is based on a late-stage study of 994 patients, which demonstrated that the ‌treatment significantly improved progression-free survival compared with brentuximab vedotin.

Hodgkin’s lymphoma, also known as Hodgkin’s disease, is the most common form of cancer in patients aged 15 to 19. It starts in white blood cells, which are part of the body’s immune system, a cancer that starts in white blood cells.

Monica Shaw, MD, Senior Vice President of Oncology Commercialization at Bristol-Myers Squibb Company (NYSE:BMY), stated:

“These approvals represent a defining moment for people living with classical Hodgkin Lymphoma. In the U.S., we are particularly proud that Opdivo in combination with AVD now stands as an immunotherapy combination available for adults and pediatric patients, ages 12 and older, with previously untreated advanced disease. Concurrently, in the EU, Opdivo in combination with brentuximab vedotin has also achieved a milestone as the first immunotherapy combination for certain relapsed or refractory patients. These milestones reflect our continued commitment to advancing science that meaningfully improves the lives of patients and families worldwide.”

13. Eni S.p.A (NYSE:E)

Dividend Yield as of March 28: 4.34%

Eni S.p.A. (NYSE:E) operates as an integrated energy company in Italy, the rest of Europe, the United States, Asia, Africa, and internationally.

Eni S.p.A. (NYSE:E) announced on March 19 that it had bumped the top end of its ​distribution range for the next five years. The company now plans to return 35%-45% of its cash flow from operations (CFFO) to shareholders, up from 35%-40% previously.

In line with the plan, the Italian energy giant has now revealed its intention to launch a new share buyback program this year for an amount of €1.5 billion. This program may even grow to a maximum of €4 billion if Eni exceeds its CFFO targets. The company is expecting to grow its CFFO to around €17 billion by 2030.

Moreover, Eni S.p.A. (NYSE:E) proposed a jump of around 5% in its dividend for 2026, to €1.10 per share. The company confirmed that it may even distribute an extraordinary dividend if annual Brent ​prices average over $90 per barrel, or natural gas prices or refining margins surge ​by 50% compared with current projections.

12. TotalEnergies SE (NYSE:TTE)

Dividend Yield as of March 28: 4.35%

TotalEnergies SE (NYSE:TTE) is a global integrated energy company that produces and markets energy.

It was reported on March 24 that the Trump administration will pay $1 billion to TotalEnergies SE (NYSE:TTE) for the French giant to abandon building its offshore wind farms in the Atlantic Ocean and instead divert the investment to oil and gas production in the United States. The billion dollars in taxpayer funds will be used to reimburse the company for the money it spent on acquiring the federal leases under the Biden administration.

The move marks a new strategy by the White House to block offshore wind projects, a type of energy that President Donald Trump has been very vocal against in recent years.

According to a statement by the DOI, TotalEnergies SE (NYSE:TTE) will invest $928 million this year in the development of four trains at the Rio Grande LNG plant in Texas, in addition to the development of upstream conventional oil in the Gulf of America and shale gas production.

Patrick Pouyanné, Chairman of the Board of Directors and CEO of TotalEnergies SE (NYSE:TTE), commented:

“TotalEnergies is pleased to sign this settlement agreements with the DOI and to support the Administration’s Energy Policy. Considering that the development of offshore wind projects is not in the country’s interest, we have decided to renounce offshore wind development in the United States, in exchange for the reimbursement of the lease fees  Furthermore, these agreements, under which we will reinvest the refunded lease fees to finance the construction of the 29 Mt Rio Grande LNG plant and the development of our oil and gas activities, allows us to support the development of U.S. gas production and export. These investments will contribute to supplying Europe with much-needed LNG from the U.S. and provide gas for U.S. data center development. We believe this is a more efficient use of capital in the United States.”

11. Blackstone Inc. (NYSE:BX)

Dividend Yield as of March 28: 4.39%

Blackstone (NYSE:BX) is the world’s largest alternative asset manager, with more than $1 trillion in AUM. The company serves institutional and individual investors by building strong businesses that deliver lasting value.

It was reported on March 24 that a Blackstone-backed consortium has agreed to acquire the Indian Premier League cricket franchise, Royal Challengers Bengaluru, in a deal worth $1.78 billion. The group has acquired a 100% interest in RCB following a weeks-long bidding ‌war, with the deal now subject to customary closing conditions, including approval from the Board of Control for Cricket in India and the Competition Commission of India.

The move is coming at an opportune time as RCB won its ​first men’s title in ​2025 after 17 years ⁠in the league. Moreover, the team features Virat Kohli, a modern cricketing legend, as its star batsman. The franchise posted a revenue of $56 million for ​2024-25, up 73% over a three-year period.

The consortium of buyers includes Aditya Birla Group, Times of India Group, and Bolt Ventures, along with Blackstone (NYSE:BX)’s perpetual private equity strategy, BXPE.

10. Rio Tinto Group (NYSE:RIO)

Dividend Yield as of March 28: 4.64%

Rio Tinto Group (NYSE:RIO) engages in exploring, mining, and processing mineral resources worldwide. The company operates through its Iron Ore, Aluminium and Lithium, and Copper segments.

Rio Tinto Group (NYSE:RIO) announced on March 24 that it had secured a A$2 billion government bailout to keep its Boyne aluminum smelter running until at least 2040. Under the terms of the deal, the federal government and the state of Queensland will invest the amount over 10 years from 2030. In return, Rio Tinto has promised to invest A$7.5 billion into new renewable energy generation and storage investments to ensure the project’s transition to renewable electricity.

Operating since 1982, Boyne is the second-largest aluminium smelter in Australia. The facility has a capacity of more than 500,000 tonnes of aluminium a year and supports over 1,000 jobs. Its current power contract expires in 2029, and Rio had previously expressed doubt over the plant’s long-term future if it could not reduce emissions.

Jérôme Pécresse, chief executive of Rio Tinto Aluminium & Lithium, stated:

“This transformative partnership with the Queensland and Australian governments will ensure Boyne Smelter remains internationally competitive, strengthens the Australian aluminium sector for the future and supports the transformation and decarbonisation of the Queensland energy system.

As fossil fuels become increasingly expensive, this investment, combined with the power purchase agreements we have already signed, positions Boyne to be among the world’s first aluminium smelters underpinned by solar and wind power.

It also ensures heavy manufacturing like aluminium smelting can continue in Gladstone for the long term and preserves one of the few fully integrated aluminium value chains in the world – from bauxite mining to alumina refining to aluminium smelting all in Queensland – as demand for aluminium continues to grow with the energy transition.”

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.

8. The Bank of Nova Scotia (NYSE:BNS)

Dividend Yield as of March 28: 4.74%

The Bank of Nova Scotia (NYSE:BNS) is one of Canada’s largest banks with a strong presence across the Americas. The company offers personal, business, and commercial banking, wealth management and private banking, corporate and investment banking, and capital market services.

A Bloomberg report on March 20 revealed that The Bank of Nova Scotia (NYSE:BNS) is looking to increase its stake in KeyCorp to as much as 19.99%, up from its prior permission for a 14.99% interest. The company intends to purchase additional voting shares of KeyCorp, and thereby also indirectly acquire voting shares of KeyBank National Association, KeyCorp’s bank unit. According to a KeyCorp spokesperson, the hiked stake does not indicate any changes in the nature of the relationship between the two banks.

The Bank of Nova Scotia (NYSE:BNS) acquired its initial 14.99% stake in KeyCorp for $2.8 billion in 2024, with the latter using these proceeds to bolster its balance sheet and thereby accelerating its 2025 net interest income growth.

The Bank of Nova Scotia (NYSE:BNS) reported a revenue of $7 billion for its Q1 2026, up 7.5% from the same period last year. The company attributed this growth primarily to the higher net interest income related to lower funding costs, in addition to the higher revenue from associated corporations, primarily related to the KeyCorp investment.

7. HSBC Holdings plc (NYSE:HSBC)

Dividend Yield as of March 28: 4.74%

HSBC Holdings plc (NYSE:HSBC) is one of the largest banking and financial services institutions in the world, serving millions of customers through its four global businesses.

A Bloomberg report on March 19 revealed that HSBC Holdings plc (NYSE:HSBC) is considering job cuts over ​the coming years that could ultimately impact around 20,000 ‌roles and shrink around 10% of its global workforce. Non-client-facing roles in service centers around the world are expected to be hit the hardest, although this is an early-stage assessment.

The job cuts ‌are ⁠a part of a medium-term plan spanning three to five years as AI takes over the roles currently carried out by human workers. The move comes as part of the CEO’s efforts to simplify the bank’s operations, cut costs, and exit businesses not seen as value-accretive.

Georges Elhedery took charge of HSBC Holdings plc (NYSE:HSBC) around 18 months ago and has since overhauled the company by reorganising divisions ⁠along ​East-West lines, exiting sub-scale investment banking units ​in Europe and the US, and cutting senior management roles. As part of its commitment to group-wide cost discipline, HSBC expects its target basis operating expenses to grow by approximately 1% in FY 2026, when compared to last year.

6. Enterprise Products Partners L.P. (NYSE:EPD)

Dividend Yield as of March 28: 5.60%

Enterprise Products Partners L.P. (NYSE:EPD) is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products, and petrochemicals.

On March 24, Truist initiated coverage of Enterprise Products Partners L.P. (NYSE:EPD) with a ‘Hold’ rating and a price target of $36, indicating a downside of over 7% from the current levels.

Truist highlighted Enterprise Products Partners L.P. (NYSE:EPD)’s position as a well-established, large-cap midstream MLP with operations across liquids and gas from wellhead to water. Moreover, the analyst praised EPD’s ‘strong balance sheet and well-covered distribution’.

Enterprise Products Partners L.P. (NYSE:EPD) is projecting its free cash flow to reach $1 billion in 2026, with 50% to 60% of it allocated to buybacks. Moreover, as more of its projects come online, the company expects a 10% area growth in adjusted EBITDA and cash flow in 2027 compared to 2026.

Enterprise Products Partners L.P. (NYSE:EPD) boasts a strong annual dividend yield of 5.64%, and was also recently placed in our list of the 14 Under-the-Radar High Dividend Stocks to Buy Now.

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