Given bearish market sentiments, investors are eager to know about high dividend paying companies, especially when the rate of return on fixed income instruments is on the higher side. 6-months T-Bills are yielding around 15%, which is 24 years high and people are switching their investment to either fixed income instruments or high dividend yielding stocks.

Investor’s preference are for those defensive stocks that can offer at least 15% dividend yield and their That said, we have identified such high dividend yielding stocks having minimum dividend yield of 15% and are sustainable in nature for at least 2-3 years.

We believe that these stocks can provide investors some cushion in a bearish market.

The list includes OLP Financial Services Pakistan, Engro Fertilizers, Soneri Bank, Pakistan Oilfields, United Bank, Fauji Fertilizer Company and MCB Bank.

Courtesy – Topline Research;