What If You Got Paid Just for Owning a Stock?

Here’s a scenario: You buy shares in a Philippine company listed on the PSE. You don’t do anything else. You don’t trade. You don’t check charts every hour. You just hold — and every year, the company deposits cash directly into your brokerage account.

That’s dividend investing. And in the Philippines, some of our biggest blue chip companies have been doing exactly this — for decades.

In this article, we reveal the top 10 highest dividend stocks in the Philippines for 2026 — with yields compiled from current market data, one of the most trusted financial data platforms in the world. This isn’t speculation. These are real, live numbers from real, listed companies on the PSE.

Whether you’re a complete beginner or a frustrated investor who’s been watching your savings stagnate in a 3% bank account, this guide is for you.

What Are Dividend Stocks — And Why Should Filipinos Care?

Let’s start with the basics before we get into the list.

A dividend stock is simply a share in a company that regularly distributes a portion of its profits to shareholders. When you own shares, you own a small slice of that business — and when the business profits, it shares some of those gains with you.

The amount you earn relative to what you paid for the stock is called the dividend yield. If a stock costs ₱100 per share and pays ₱7 in dividends per year, that’s a 7% yield.

Now here’s why this matters specifically for Filipino investors in 2026:

• BSP savings rate cuts have pushed bank deposit rates down significantly
• Inflation continues to erode the purchasing power of idle cash
• The PSE’s Dividend Yield Index — officially launched by the Philippine Stock Exchange — proves how seriously the market takes this theme
• Philippine dividends are subject to only a 10% final withholding tax — leaving you 90% of every peso earned

Simply put, high-yield dividend stocks offer a way to outpace inflation and bank rates — while keeping your capital invested in fundamentally strong, PSE-listed companies.

About This Data: Where These Numbers Come From

For this article, all dividend yield figures are based on current market data for PSE-listed equities as of April 2026.

Dividend yield is calculated based on the trailing twelve months (TTM) of declared dividends divided by the current share price. Because stock prices move daily, yields fluctuate. The figures below represent data available as of the article’s publication date in April 2026.

The Top 10 Highest Dividend Stocks in the Philippines for 2026

Ranked by dividend yield from highest to lowest, based on current market data:

#	Company	Ticker	Price (₱)	Yield*	Sector
1	Semirara Mining & Power Corp.	SCC	28.00	11.59%	Energy/Mining
2	DMCI Holdings, Inc.	DMC	9.83	10.81%	Conglomerate
3	Metropolitan Bank & Trust Co.	MBT	63.00	7.90%	Banking
4	PLDT Inc.	TEL	1,300	7.26%	Telecom
5	Manila Electric Company (Meralco)	MER	604.00	6.92%	Utilities
6	Globe Telecom, Inc.	GLO	1,615	6.21%	Telecom
7	Aboitiz Power Corporation	AP	43.85	5.34%	Power/Energy
8	Manila Water Company, Inc.	MWC	35.05	5.27%	Utilities
9	Aboitiz Equity Ventures, Inc.	AEV	31.00	4.63%	Conglomerate
10	Bank of the Philippine Islands	BPI	101.60	4.29%	Banking

*Yield data reflects current market figures as of April 2026. Always verify before investing.

#1 — SCC: Semirara Mining & Power Corp. — 11.59% Yield

The Surprising Yield Leader

Based on current market data, Semirara Mining & Power Corp. (SCC) tops the list with an 11.59% dividend yield — making it the highest-yielding large-cap dividend stock among the data tracked on the PSE.

Current Data:  Yield: 11.59%  |  Payout Ratio: 60.48%  |  Annualized Payout: ₱3.25/share  |  Frequency: Unevenly paid

Semirara is the Philippines’ dominant coal mining and power generation company, operating on Semirara Island in the Visayas. It has been one of the most shareholder-friendly names on the PSE for years — Rappler noted in early 2026 that despite generating nearly ₱10 billion in net income in 2024, the stock trades at a fraction of what comparable companies fetch in more mature markets, creating a yield opportunity that’s hard to ignore.

What to Watch:

• Coal price benchmarks — international thermal coal prices directly drive Semirara’s earnings and dividend capacity
• Power generation output from its Calaca, Batangas coal-fired power plants
• ESG and energy-transition narratives — global pressure on coal may affect investor sentiment even if fundamentals stay strong
• Payout consistency — Semirara’s dividends are described as ‘unevenly paid’ based on current market data, meaning the timing and amount can vary year to year

#2 — DMC: DMCI Holdings, Inc. — 10.81% Yield

The Diversified Dividend Machine

Current data shows DMCI Holdings (DMC) with a 10.81% dividend yield, with a solid 5-year dividend growth rate of +8.76% — one of the strongest dividend growth stories on the PSE.

Current Data:  Yield: 10.81%  |  Payout Ratio: 50.94%  |  Annualized Payout: ₱1.08/share  |  5-Year Growth Rate: +8.76%

DMCI Holdings is a Philippine conglomerate with fingers in construction, coal and nickel mining, power, real estate, water, and cement manufacturing. That diversity is its greatest strength — when one segment struggles, others pick up the slack, providing stable cash flow to fund those generous dividends.

Rappler’s Vantage Point column noted in January 2026 that DMCI’s high dividend yield was one of the most compelling cases on the PSE for undervalued income stocks — a company generating strong cash flows that the market “refuses to believe” is well-run.

What to Watch:

• Coal and nickel mining volumes — commodity cycles affect earnings
• Real estate pre-sales and project deliveries through DMCI Homes
• Water utility performance through its stake in associated water entities
• 5-year dividend growth rate of +8.76% suggests a management team committed to growing shareholder payouts over time

#3 — MBT: Metropolitan Bank & Trust Co. — 7.90% Yield

A Banking Giant With a Growing Dividend

Current data for Metrobank (MBT) shows a 7.90% yield — paired with an impressive 5-year dividend growth rate of +24.57%, the highest growth rate on this entire list.

Current Data:  Yield: 7.90%  |  Payout Ratio: 27.14%  |  Annualized Payout: ₱5.00/share  |  5-Year Growth Rate: +24.57%  |  Next Ex-Div Date: Mar 6, 2026

That 27% payout ratio is particularly notable — it means Metrobank is paying out only about one quarter of its earnings as dividends. This leaves enormous headroom to grow the dividend further, even during challenging years. A bank that pays out 27% of earnings yet still yields nearly 8% is a company generating substantial profits for its shareholders.

Metrobank is one of the three largest banks in the Philippines by assets, serving retail, corporate, and investment banking clients. Its capital adequacy ratios remain well above BSP minimum requirements.

What to Watch:

• BSP policy rate movements — interest rate environment directly affects net interest margins
• Non-performing loan ratio — a key measure of loan portfolio health
• The very low 27.14% payout ratio means dividends are highly sustainable and likely to keep growing

#4 — TEL: PLDT Inc. — 7.26% Yield

The Telecom Stalwart

PLDT (TEL) carries a 7.26% dividend yield based on current market data, with a payout ratio of 68.61% and a 5-year growth rate of +3.80%. PLDT pays dividends unevenly — typically twice a year — with the next ex-dividend date on March 25, 2026.

Current Data:  Yield: 7.26%  |  Payout Ratio: 68.61%  |  Annualized Payout: ₱94.00/share  |  5-Year Growth Rate: +3.80%  |  Next Ex-Div: Mar 25, 2026

PLDT is the Philippines’ largest integrated telecommunications company, operating under the PLDT and Smart brands. It provides fixed broadband, mobile, enterprise data, and digital services to millions of Filipinos. Despite heavy capital expenditures in recent years to build out its fiber network infrastructure, PLDT has maintained its dividend commitments — a testament to its strong and recurring revenue base.

At a payout ratio of nearly 69%, PLDT is distributing a significant portion of its earnings — meaning future dividend growth depends on improving free cash flow as its CAPEX cycle winds down.

What to Watch:

• CAPEX reduction: as fiber buildout completes, free cash flow improves — good for dividend stability
• Enterprise and data center business growth — the fastest-growing revenue segment
• Competition dynamics with Globe Telecom (GLO), ranked #6 on this list

#5 — MER: Manila Electric Company (Meralco) — 6.92% Yield

The Power Distributor That Lights Up Portfolios

Meralco (MER) holds a 6.92% dividend yield based on current market data, backed by its position as the sole electricity distributor serving Metro Manila and surrounding provinces — one of the most defensible franchise businesses in the country.

Current Data:  Yield: 6.92%  |  Current Price: ₱604/share  |  Sector: Utilities

Meralco serves approximately 7 million customer accounts across its franchise area, which covers Metro Manila, Rizal, Cavite, Laguna, and Bulacan. Because electricity is an absolute necessity — and Meralco has regulatory approval to set distribution rates — its revenue is highly predictable and essentially guaranteed.

This captive market gives Meralco the cash flow stability dividend investors love. Even during economic downturns, people still pay their electric bills.

What to Watch:

• ERC (Energy Regulatory Commission) rate review outcomes — can affect the tariff Meralco charges
• Reserve margin in the Luzon grid — tighter supply means higher spot power prices
• Meralco’s expansion into power generation through its subsidiary MGen

#6 — GLO: Globe Telecom, Inc. — 6.21% Yield

The Digital Telco Rival Worth Owning

Globe Telecom comes in at 6.21% dividend yield as of April 2026. The company competes head-to-head with PLDT/Smart in mobile and broadband, and has been aggressively expanding into fintech through its GCash platform.

Current Data:  Yield: 6.21%  |  Current Price: ₱1,615/share  |  Sector: Telecommunications

Globe Telecom’s GCash is now the Philippines’ largest e-wallet platform by users, processing billions of pesos in transactions monthly. This digital financial services arm has become a significant growth driver beyond traditional telecom revenues.

UBS downgraded Globe in late 2025 from Buy to Neutral and trimmed its price target, citing Q3 earnings challenges. However, the analysts’ price targets remain substantially above the current trading price — the consensus target  is ₱2,190 — suggesting the market may be pricing in excessive caution.

What to Watch:

• GCash user growth and transaction monetization — a major long-term value driver
• Wireline broadband subscriber additions and revenue per user
• Earnings recovery in 2026 following Q3 2025 misses

#7 — AP: Aboitiz Power Corporation — 5.34% Yield

Powering the Grid and Your Income

Aboitiz Power carries a 5.34% dividend yield based on current market data, with a 5-year dividend growth rate of +14.77% — one of the strongest growth trajectories on this list. The company pays an annual dividend of ₱2.35 per share.

Current Data:  Yield: 5.34%  |  Payout Ratio: 56.54%  |  Annualized Payout: ₱2.35/share  |  5-Year Growth Rate: +14.77%  |  Frequency: Annual

Aboitiz Power is one of the Philippines’ largest power producers, with a diversified portfolio spanning hydropower, geothermal, solar, wind, coal, and oil-based generation assets. The Philippines faces a structural power supply gap — demand for electricity consistently outstrips available capacity — which means reliable power producers like AP have strong earnings visibility.

A 14.77% five-year dividend growth rate is exceptional. It means that if you bought AP five years ago, your effective yield on your original investment is now substantially higher than the stated 5.34%.

What to Watch:

• Renewable energy capacity additions — solar, wind, and hydro pipeline
• Power purchase agreement (PPA) renewals and capacity rates
• Strong 5-year dividend growth of +14.77% makes this a compelling long-term income hold

#8 — MWC: Manila Water Company, Inc. — 5.27% Yield

Agua Para Siempre — Steady, Essential, Profitable

Manila Water Company (MWC) yields 5.27% based on current market data. While that may look lower than others on this list, MWC’s dividend comes from arguably one of the most stable, recession-proof businesses imaginable: piped water distribution.

Current Data:  Yield: 5.27%  |  Current Price: ₱35.05/share  |  Market Cap: ~₱103.67B  |  Sector: Utilities

Manila Water serves millions of residents and businesses in Metro Manila’s East Zone under a concession agreement with MWSS (Metropolitan Waterworks and Sewerage System). Its customer base is literally captive — you cannot choose a different water supplier in your franchise zone.

JPMorgan downgraded MWC from Overweight to Neutral in late 2025 and trimmed its price target, but the 3-analyst consensus based on current market data remains a Buy with a ₱42.78 target — implying meaningful upside from current levels alongside the 5.27% yield.

What to Watch:

• Tariff adjustment proceedings — regulated rate increases support long-term revenue growth
• Non-revenue water reduction initiatives to improve operational efficiency
• International expansion performance in Vietnam, Thailand, and other ASEAN markets

#9 — AEV: Aboitiz Equity Ventures, Inc. — 4.63% Yield

The Holding Company That Passes Profits On

Current data for AEV shows a 4.63% yield, with a payout ratio of 43.40% and a 5-year growth rate of +3.45%.

Current Data:  Yield: 4.63%  |  Payout Ratio: 43.40%  |  Annualized Payout: ₱1.54/share  |  5-Year Growth Rate: +3.45%  |  Frequency: Annual

Aboitiz Equity Ventures is the parent holding company of the Aboitiz Group — one of the Philippines’ most admired conglomerates. Its subsidiaries include Aboitiz Power (AP, #7 on this list), UnionBank of the Philippines, Pilmico Foods, Aboitiz InfraCapital, and more. As a holding company, AEV collects dividends from all its subsidiaries and redistributes a portion to its own shareholders.

Rappler’s Vantage Point noted in January 2026 that AEV was being ‘penalized for investing’ — with the market discounting its future earnings potential despite generating over ₱18 billion in net income in 2024.

What to Watch:

• Power generation transition — the single biggest earnings driver through AP
• UnionBank digital banking performance in a competitive fintech environment
• Infrastructure investments through Aboitiz InfraCapital — ports, airports, data centers

#10 — BPI: Bank of the Philippine Islands — 4.29% Yield

The Oldest Bank in the Philippines — Still Paying Dividends

Rounding out our top 10 is the Bank of the Philippine Islands (BPI), yielding 4.29% based on current market data. BPI is the oldest bank in the Philippines, founded in 1851 under the Spanish colonial era.

Current Data:  Yield: 4.29%  |  Current Price: ₱101.60/share  |  Sector: Banking

While BPI’s yield is the lowest on this list, it earns its place through sheer quality and consistency. BPI is majority-owned by the Ayala Group and is known for its strong capital ratios, conservative lending practices, and solid digital banking platform through its BPI Mobile app.

In a world where many high-yield stocks carry substantial risk, BPI represents the other end of the spectrum: modest yield, but exceptional stability. For investors building a core dividend portfolio, BPI provides the anchor while higher-yielding names like SCC and DMC provide the income punch.

What to Watch:

• Net interest margins — BSP rate environment directly affects bank profitability
• Loan book quality and growth — credit expansion drives future earnings
• Digital banking adoption metrics — BPI is investing heavily in its app-based banking platform

How to Read Dividend Data — A Quick Guide for Beginners

If you want to verify or monitor any of these stocks using a financial data platform, here’s what to look for:

Dividend Yield

This is the main figure we use. Yield = annual dividends per share ÷ current share price. A higher yield is generally better — but always check why it’s high. If the stock price has crashed, the yield may appear high simply because the denominator (price) has fallen.

Payout Ratio

This tells you what percentage of earnings the company pays out as dividends. A lower payout ratio (like MBT’s 27%) means more cushion — the company can sustain or grow its dividend even if earnings dip. A higher payout ratio (like TEL’s 68%) means less room to maneuver.

5-Year Dividend Growth Rate

This is often overlooked by beginners but it’s crucial. A stock yielding 5% today but growing its dividend at 15% per year will eventually yield 10%, 15%, or more on your original cost. AP’s 14.77% and MBT’s 24.57% growth rates are exceptional.

Payment Frequency

Some companies pay annually, others semi-annually or quarterly. Note whether dividends are ‘paid annually’ or ‘paid unevenly.’ Unevenly paid stocks like SCC and PLDT can have variable timing — factor this into your cash flow planning.

How to Actually Start Investing in the Highest Dividend Stocks in the Philippines

Knowing which stocks pay the highest dividends is just half the battle. The other half is knowing how to actually get started. Here’s a practical roadmap:

Step 1: Open a PSE-Accredited Brokerage Account

You need a brokerage account to buy PSE-listed stocks. Popular platforms include COL Financial, First Metro Securities, BPI Trade, and BDO Nomura. Most allow online application. For a full walkthrough, see our Beginner’s Guide to PSE Investing →

Step 2: Fund Your Account

Most brokers require a minimum initial deposit — typically ₱5,000 to ₱25,000. Transfer funds from your savings account via online banking or GCash.

Step 3: Research Before You Buy

Use a financial data platform to verify current dividend yields for each stock you’re considering. Check the payout ratio and 5-year growth rate to assess sustainability. Never buy a stock based solely on its yield.

Step 4: Invest Consistently with Dollar-Cost Averaging

Don’t try to time the market. Instead, invest a fixed amount every month — say ₱3,000 or ₱5,000 — regardless of whether the market is up or down. This strategy, called dollar-cost averaging (DCA), smooths out your average purchase price over time.

Step 5: Reinvest Your Dividends

When you receive dividends, use them to buy more shares of the same company (or add to other holdings). This compound growth effect accelerates your wealth building over time.

Step 6: Get Guided Support

This step is the one most beginners skip — and it’s often the most valuable. Doing everything alone means making costly mistakes. Programs like the Truly Rich Club (TRC) exist specifically for Filipino investors who want expert guidance without the complexity.

TRC members receive monthly stock pick updates (called SAMs — Stock Update Memos), with specific guidance on what to buy, at what price, and when to consider exiting. It’s like having a financial advisor in your inbox every month — tailored specifically for Philippine blue chips.

Why the Truly Rich Club Is Perfect for Dividend Investors

If you’ve been looking at this list and thinking, “I want to invest — but which of these 10 stocks do I actually buy first?” — that’s exactly the question Truly Rich Club (TRC) answers every single month.

Founded by Bo Sanchez, one of the Philippines’ most trusted personal finance advocates, TRC has helped thousands of Filipinos build wealth through the PSE. The program is built around one simple idea: you don’t need to be an expert to invest well — you just need the right guidance.

Here’s what TRC members receive:

• Monthly SAM (Stock Update Memo) — specific stock picks with buy price ranges, hold guidance, and sell targets
• Regular portfolio updates and market commentary from Bo’s research team
• A private community of fellow Filipino investors for learning and accountability
• Financial literacy content — from basic budgeting to more advanced wealth-building concepts
• Bo Sanchez’s faith-and-finance philosophy: money is a tool for living a life of purpose, not just accumulation

The TRC approach aligns almost perfectly with the dividend investing strategy we’ve outlined in this article. Their stock picks tend to focus on well-established, dividend-paying blue chips — exactly the kinds of companies on this list.

The difference? Instead of staring at a list of 10 stocks and wondering where to begin, TRC gives you a clear, guided starting point every single month.

Final Thoughts: The Highest Dividend Stocks in the Philippines 2026

Let’s recap what the data tells us about Philippine dividend stocks in 2026:

• SCC (Semirara Mining) leads with 11.59% — the highest yield, but with commodity and ESG risk
• DMC (DMCI Holdings) delivers 10.81% with an impressive +8.76% five-year growth trajectory
• MBT (Metrobank) offers 7.90% with the lowest payout ratio (27%) — and the highest 5-year dividend growth rate at +24.57%
• TEL (PLDT) at 7.26% and MER (Meralco) at 6.92% provide telecom and utilities exposure in the 6–8% yield range
• GLO, AP, MWC, AEV, and BPI round out the top 10 with yields from 4.29% to 6.21%

The bottom line: There is no single “best” dividend stock. The right stock depends on your risk tolerance, investment horizon, and income goals. But this list — compiled from current market data — gives you a data-driven foundation to start from.

And if you want someone to help you make sense of all of it? That’s what the Truly Rich Club is for.