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27 Feb 2026
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Building a Passive Income Stream with Stable Blue-Chip Stocks
Investing in high-dividend stocks is one of the most popular strategies for Malaysian investors seeking consistent cash flow. Unlike growth stocks that rely on share price appreciation, these companies prioritize returning profits to shareholders. This guide highlights the top dividend-paying stocks on Bursa Malaysia, selected for their yield consistency, financial health, and payout reliability.
Below is a list of our Top-Tier Selections. These represent the highest standard available in the Malaysian forex market.
5258
Financials (Islamic)
~5.0 B
~4.3% – 5.0%
~9.43
~0.24
BIMB’s dividend yield (approx. 6.6%) is very high.
Its high yield is often due to its strong profitability within the growing niche of Islamic banking and a high payout ratio (~58%), covering its dividend payments well with earnings.
Malaysia’s first and largest pure-play Islamic bank.
It provides a full range of financial services compliant with Shariah principles, focusing on the retail and SME segments.
Risk Warning: Smaller market capitalization and lower liquidity compared to universal banks. Performance is tied solely to the Islamic finance sector, which limits its market base compared to conventional banks.
1066
Financials
~29.0 B
6.19% – 6.29%
~9.24
~0.74
RHBBANK often features a high yield (approx. 6.19%) and a low P/E Ratio (~9.24). This combination makes it a “value dividend play.” Its policy targets a payout ratio of around 50%-60%, making it a reliable income stock that is often priced cheaper than its larger peers.
A major integrated financial services group, focusing on corporate, investment, and retail banking.
It has strong capital ratios and is known for its lower valuation compared to the Big Three banks.
Risk Warning: Market visibility and liquidity are lower than the top two banks (Maybank, Public Bank). The company maintains a less aggressive regional expansion strategy.
1155
Financials
~90.1 B
6.05%
~11.00
~0.60
Maybank’s high yield (approx. 6.05%) is driven by its explicit policy to maintain a high dividend payout ratio (DPR), targeting around 40% to 60% of net profit, subject to capital requirements.
Its massive size and stable earnings stream allow it to consistently deliver large total dividend payments.
Malaysia’s largest bank by market capitalization and total assets.
A regional powerhouse with significant operations across ASEAN (especially Singapore and Indonesia).
Highly diversified across Community Financial Services, Global Banking, and Insurance/Takaful. Considered a national champion and a bellwether stock.
Risk Warning: Slow growth potential is inherent due to its massive size and maturity. The company is sensitive to regulatory changes and macroeconomic shifts across the multiple ASEAN countries it operates in.
3255
Consumer Products & Services
~6.8 B
~6.8% – 7.0%
~14.81
~1.52
HEIM has one of the highest and most reliable yields (approx. 6.8% – 7.0%).
This is because it is a mature, low-growth consumer staple with a strong, predictable cash flow stream, enabling a remarkably high Payout Ratio (often >80% to 90%).
It prioritizes returning capital over reinvestment.
The leading brewer in Malaysia, producing, marketing, and distributing global and local brands (Heineken, Tiger, Guinness, etc.).
Highly regulated, stable consumer-staple business.
Risk Warning: Highly sensitive to excise duties/taxation (“Sin Taxes”) imposed by the government. It operates in a mature market with a limited growth ceiling, meaning capital appreciation will be slow.
4715
Consumer Services (Gaming/Leisure)
~13.3 B
~1.0% – 2.0%
~87.04
~0.03
GENM’s current yield (approx. 1.7% – 2.0%) is relatively low and volatile.
While it aims to pay dividends, its payout is highly sensitive to the cyclical nature of the tourism/gaming industry.
The high P/E ratio reflects optimism about future post-pandemic recovery rather than current earnings.
A global leisure and hospitality group, operating casinos, theme parks, and resorts worldwide.
Key assets include Resorts World Genting (Malaysia), Resorts World Casino New York City, and properties in the UK.
Risk Warning: Earnings are highly cyclical and susceptible to government regulation (gaming licenses, tourism restrictions). Its extremely high P/E ratio suggests the stock is very expensive relative to its current earnings.
3034
Industrials / Conglomerate
~7.2 B
6.62% – 6.97%
~13.26
~0.22
HAPSENG is a historical high-yielder (approx. 6.97%) because it operates in mature, cash-generative businesses (Plantation, Credit Financing).
It typically maintains a high and consistent payout ratio reflecting its strong cash flow generation from its core businesses.
A highly diversified Malaysian conglomerate with significant interests in Plantation (Oil Palm), Property Development, Credit Financing, and Automotive dealership (Mercedes-Benz).
Its diversified structure helps stabilize earnings.
Risk Warning: The conglomerate structure can be complex to analyze. Parts of its business, specifically Plantation (Oil Palm), are subject to high volatility due to commodity price fluctuations.
2488
Financials
~8.2 B
4.07%
~9.65
~0.49
Yield is stable and well-covered by earnings, driven by an ambitious policy aiming for a DPR of up to 60% of net profit.
Mid-cap bank focused on Business Banking (SMEs) and high operational efficiency.
Risk Warning: It has lower liquidity and market visibility compared to larger banking peers. Its focused SME growth strategy leads to higher credit risk exposure to the small and medium-sized enterprise segment.
1023
Financials
~82.5 B
4.88% – 5.45%
~10.64
~0.72
CIMB’s dividend yield (approx. 5.45%) is consistently high, driven by a stable dividend payout ratio around 55%.
Its strategy of balancing regional growth with capital efficiency allows it to reliably generate cash flow for dividends.
One of the largest universal banks in ASEAN, with strong presence in key markets like Malaysia, Indonesia (CIMB Niaga), Singapore, and Thailand.
Highly focused on digital transformation and wholesale banking alongside its large consumer segment.
Risk Warning: Significant regional exposure means the group is vulnerable to macroeconomic instability in multiple countries, including currency and interest rate fluctuations outside of Malaysia.
4197
Industrials / Conglomerate
~13.3 B
~2.1% – 3.0%
~10.89
~0.18
Sime Darby’s yield (approx. 2.1% – 3.0%) is lower than the high-yield banks, but it maintains a consistent payout backed by a solid industrial and motors business.
Dividends are often seen as stable, reflecting the steady demand for heavy equipment and premium autos.
A multinational conglomerate focused on the Industrial (heavy equipment, Caterpillar dealership) and Motors (automotive distribution and retail) sectors across the Asia Pacific region.
Recently expanded by acquiring UMW Holdings.
Risk Warning: Its core Industrial business is highly cyclical, meaning demand for heavy equipment is tied to mining and construction cycles. Performance is heavily influenced by global commodity demand and economic conditions.
1295
Financials
~85.0 B
4.96% – 5.21%
~11.02
~0.45
PBBANK’s yield (approx. 5.00%) is based on its reputation for stability and asset quality, often maintaining one of the lowest Non-Performing Loan (NPL) ratios in the industry.
Its high P/E ratio (relative to peers) reflects the market’s premium on its low-risk profile and consistent earnings.
Known for its disciplined management, operational efficiency, and focus on the mass consumer and SME markets in Malaysia.
It is consistently ranked as one of the most profitable and efficient banks in the country.
Risk Warning: The company has lower growth potential compared to regional peers and often trades at a relatively high valuation (P/E) compared to other Malaysian banks, meaning investors pay a premium for its safety. It also has low foreign exposure.
High dividend stocks are not a “get rich quick” scheme; they are a wealth preservation tool.
The “Dividend Payout Ratio” (DPR) is the most critical metric to check. It tells you what percentage of the company’s net profit is given back to shareholders.
A dividend trap occurs when a stock shows a high yield only because its share price has crashed due to bad news.
Certain sectors in Malaysia are structurally better for dividends.
You want to buy high dividends at a cheap price.
While dividends are generally tax-exempt in the hands of shareholders in Malaysia (Single Tier System), external factors can impact your net return.
Generally, a yield of 4.0% to 5.0% is considered healthy for blue-chip stocks (like Public Bank). Yields above 6.0% (like RHB or Heineken) are considered high and very attractive, provided the company fundamentals are strong.
No. Unlike fixed deposit interest, dividends are a portion of profits. If a company like Genting faces a downturn in tourism, they may cut dividends to preserve cash.
Most Malaysian blue-chip companies pay dividends semi-annually (twice a year). Some REITs or special consumer stocks may pay quarterly, but this is less common among the major banks listed here.
Many investors use stocks like Maybank and Hap Seng for retirement because they prioritize “returning capital” and have “stable earnings streams.” However, diversification is key to avoiding sector-specific risks like commodity price crashes (affecting Plantation stocks).
Some companies, notably Maybank, often allow you to reinvest your cash dividend into new shares, sometimes at a discount. This compounds your growth over time without incurring transaction fees.
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