Top 15 Stocks With Dividend Yield of More Than 8%

Posted by: Aamir Hayat Like: 0 Post Date: May 9, 2026

Top 15 Stocks With Dividend Yield of More Than 8%

3. Engro Fertilizers Limited (EFERT)

Dividend Yield Profile

Current Yield (2025): The stock offered a dividend yield of approximately 9% to 10% based on 2025 distributions.
Forward Yield (2026E): Projections for 2026 estimate an attractive dividend yield of 10.7% to 11%.
Long-term Outlook (2027F): The yield is forecasted to potentially rise to 11.8% or 12% by 2027.

Latest Corporate Briefing Highlights (March 30, 2026)

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Cash Retention Strategy: The board moderated the payout ratio to 89% (down from 102% in 2024) to meet Rs. 19.6 billion in GIDC liabilities and super tax obligations.
Strategic Projects: Phase 1 of the industry-wide Pressure Enhancement Facility is complete, and the company raised debt to fund its 33% stake in this $300 million project to secure a long-term gas supply.
Operational Efficiency: Inventory levels improved to 23% during the year, although high inventory finance and freight costs impacted overall annual margins.

Engro Fertilizers Limited (EFERT)

Forward Dividend Yield: 11.4%

Engro Fertilizers Limited remains one of the key dividend plays in the market, supported by strong cash flows, leading market share, and a clear focus on sustaining payouts while managing long-term obligations.

Dividend profile remains attractive

EFERT continues to offer a compelling yield story. Based on 2025 payouts, the stock delivered a dividend yield of around 9% to 10%, placing it comfortably above the 8% threshold. Looking ahead, the outlook remains strong. The forward dividend yield for 2026 is projected at 10.7% to 11%, with expectations of further improvement to 11.8%–12% by 2027. This consistent yield trajectory makes it a preferred choice for income-focused investors.

Full-year performance highlights stability

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For the full year 2025, EFERT reported a basic EPS of Rs. 16.95, along with a total dividend of Rs. 15.0 per share. The company also strengthened its position in the urea market, increasing its share to 34% from 32% in the previous year. This expansion reflects strong demand and effective distribution within the domestic market.

Cash management and payout strategy

One of the key developments has been a more balanced approach to cash distribution. The company adjusted its payout ratio to 89%, down from 102% in 2024, to manage upcoming obligations, including Rs. 19.6 billion in GIDC liabilities and super tax. This shift suggests a focus on maintaining financial stability while still offering attractive dividends.

Strategic investments for long-term supply

EFERT is also investing to secure its long-term operational base. The company has completed Phase 1 of the Pressure Enhancement Facility, an industry-wide project aimed at ensuring gas availability. To support this, it has raised debt for its 33% stake in the $300 million project, which is expected to strengthen future production continuity.

Operational efficiency and margin pressures

On the operational side, inventory levels improved to 23% during the year, indicating better supply management. However, higher inventory financing and freight costs weighed on margins, which explains the pressure seen in profitability despite strong revenue growth.

Bottom line

Engro Fertilizers Limited offers a strong combination of high dividend yield and market leadership. With a yield consistently above 8%, improving market share, and strategic investments to secure future operations, the company remains well-positioned for investors seeking stable income along with long-term value.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →