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From Coal India to the power financier PSU stocks REC and PFC, these 10 stocks currently have the highest dividend yield.Dividend yield is a financial ratio that shows how much money a company pays its shareholder in the form of dividends per share, in comparison to its stock price. Here is a look at 10 stocks which have the highest dividend yield, according to the latest report by brokerage firm Axis Securities.Coal India | The government-owned coal producer is known for its payouts to shareholders. The company has paid ₹26.9 as dividends to shareholders over the last 12 months, implying a dividend yield of 7%.NMDC | The company has paid ₹4.8 as dividend over the last one year. The stock currently has a dividend yield of 7%.ONGC | Oil and Natural Gas Corporation Ltd. has paid ₹13.5 per share to shareholders as dividends over the last 12 months. Its current dividend yield is at 6%.Nalco | Another government-owned company on the list is National Aluminium Company Limited, which has a dividend yield of 5%. The company has paid ₹10 per share as dividend to shareholders.REC | The power sector PSU has paid ₹19.1 per share as dividend to its shareholders over the last 12 months. The stock has a dividend yield of 5%. The stock is down 25% so far this year.PFC | Power Finance Corporation also has a dividend yield of 5%, having paid ₹19.5 per share to shareholders over the last 12 months. The stock is down nearly 5% over the last one month.Gail (India) | The company has paid ₹7.5 per share to its shareholders as dividend over the last 12 months and has a dividend yield of 4%. The stock has declined 25% over the last one year.Balmer Lawrie & Co. | Shareholders of this company have received dividends worth ₹8.5 per share over the last 12 months. The stock has a dividend yield of 4%. During the last one year, the stock has declined 18%.RITES Limited | RITES Ltd, who has rewarded shareholders with payouts of ₹10 per share in the last 12 months. RITES's dividend yield is now at 4%. The stock is down 22% in the last one year.Canara Bank | Another company in the list has paid ₹4 as dividend to its shareholders, including the government. Canara Bank currently has a dividend yield of 4%.Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.