PSX Dividend 20 Index Companies in Pakistan: Full List of 20 High Dividend Shares and Weights

Short answer: The PSX Dividend 20 index tracks the 20 top dividend-paying companies on the Pakistan Stock Exchange, weighted by their dividend yield over the last 12 months. Nine of the 20 are banks, together 46.44 per cent of the index. National Bank of Pakistan is the heaviest at 10.68 per cent, then Kot Addu Power at 7.93 and Pakistan Oilfields at 7.00, on the PSX data portal at about 2 pm on 20 October 2026.

Investors who want income rather than quick gains often ask which Pakistani shares pay the most. PSX answers part of that with this index. We read its full table on the PSX data portal and PSX's description of how it is built, then grouped the 20 shares by business. The grouping is ours, the weights are PSX's.

PSX ranks the 20 companies by 12 month dividend yield

PSX says the index is "designed to track the performance of top 20 dividend-paying companies", and that companies need "a dividend distribution history". They are "ranked and weighted based on trailing 12-month dividend yield", which is dividends paid over the past year divided by the share price.

That is different from the KSE-100, which is weighted by the market value of shares free to trade. In the Dividend 20, a smaller company with a high yield can outweigh a giant. Kot Addu Power, at Rs 24.85 a share, weighs more than United Bank at Rs 410.17.

PSX's page links to a recomposition notice dated 30 April 2026, but it does not give a fixed review calendar. Yields also change every day as prices move, so the weights below are a snapshot.

All 20 companies and their weights

Here is the full list on 20 October 2026, with the weight shown on the PSX portal at about 2 pm and the last closing price before that session. The top five carry 36.93 per cent and the top ten 61.77 per cent.

Seven of the 20 symbols carried an "XD" tag on the portal that day: KAPCO, POL, HUBC, MTL, AHCL, NATF and APL. Check each company's own announcement on the PSX portal for the payout and its dates before you buy.

Banks make up 46.44 per cent of the index

By our grouping, nine banks carry 46.44 per cent of the PSX Dividend 20. Power companies follow at 12.66 per cent, oil companies at 10.06, steel at 9.40 and fertiliser at 9.01. Millat Tractors, Arif Habib and National Foods make up the rest.

PSX does not explain the mix. But with almost half the weight in banks, the index will move with bank profits, which depend heavily on interest rates and bank taxes.

A high yield is not the same as a safe income

A trailing yield looks backwards. It tells you what a company paid last year, not what it will pay next. A share can show a high yield simply because its price has fallen, and a company can cut its dividend at the next board meeting.

Tax also cuts what you keep. Most dividends are taxed at 15 per cent for filers and 30 per cent for non-filers, and power producers have their own rates, as set out in dividend tax in Pakistan. A 10 per cent yield before tax becomes 8.5 per cent for a filer.

Payment is the other half. Listed companies must pay cash dividends straight into your bank account within 15 working days of declaring them. If one never arrives, the steps to claim a missing PSX dividend apply. To compare this list with the main index, see the KSE-100 companies and weights.

How to check the Dividend 20 list yourself

The PSX data portal shows the live table for free, with no login. Use it to see current weights, then open any company's page for its payout history before you decide anything. The whole check takes a few minutes.

1. Open dps.psx.com.pk and choose Indices from the Market menu.
2. Pick PSXDIV20 to see all 20 shares.
3. Sort the "IDX WTG (%)" column to see the heaviest first.
4. Click a symbol, then its Payouts tab, for past dividends.
5. Read the company's announcement for the latest payout dates.

If you buy through an exchange traded fund rather than single shares, check what the fund tracks first. The way to buy an ETF on PSX explains the account you need.

Common questions about the PSX Dividend 20 index

What is the PSX Dividend 20 index?

A PSX index of the top 20 dividend-paying companies with a dividend history, ranked and weighted by their trailing 12 month dividend yield.

Which company has the biggest weight?

National Bank of Pakistan, at 10.68 per cent on 20 October 2026, followed by Kot Addu Power at 7.93 per cent.

How many banks are in the index?

Nine, carrying 46.44 per cent of the weight between them.

Does a place in the index mean the dividend is safe?

No. The yield is based on the last 12 months of payouts. A company can lower or skip its next dividend.

Where can I see the live list?

On the PSX data portal at dps.psx.com.pk, under Indices, then PSXDIV20.

How we verified this

What we checked, where we read it, and what we could not confirm.

Last checked 20 October 2026. We read the PSXDIV20 constituent table on the PSX data portal at about 2 pm PKT on 20 October 2026, and PSX's description of the index on its indices page. Weights are intraday and move with prices. The business groups, totals and the yield after tax example are our own arithmetic. PSX does not publish each company's yield on the index table, so we have not listed yields. This is a list of index weights, not advice to buy or sell any share.