Dividend season is always a highly anticipated period for investors. Amid market fluctuations, dividends can serve as a stabilizer by providing direct cash flow into investors’ accounts. For those pursuing a dividend play strategy, several stocks deserve attention this year.

Below are five stocks that have the potential to distribute attractive dividends in 2026, based on historical performance and conservative assumptions using current price levels.

1. MPMX
PT Mitra Pinasthika Mustika Tbk (MPMX) has long been recognized as a generous dividend-paying issuer. Historically, its dividend distribution has been relatively consistent with competitive yields.

If MPMX distributes Rp100 per share this year, assuming the stock price is around Rp1,015, the potential yield could approach 10%. A double-digit yield is certainly appealing, especially for investors focused on recurring income.

With its stable dividend track record, MPMX remains a strong candidate for generating regular returns.

2. POWR
PT Cikarang Listrindo Tbk (POWR) is known for consistently distributing dividends, often twice a year in the form of interim and final dividends.

The 2025 interim dividend has already been paid at Rp24 per share. If the final dividend is around Rp45 per share, assuming a stock price of approximately Rp700, the total potential yield could reach about 6.43%.

For investors seeking stability in the utilities sector, POWR is worth considering due to its defensive business nature and relatively solid cash flow.

3. BBNI
PT Bank Negara Indonesia (Persero) Tbk (BBNI) is the only major bank that did not distribute an interim dividend. This means the market is still awaiting the full dividend payout from its 2025 fiscal year earnings.

Using a conservative assumption of Rp350 per share in dividends with a stock price around Rp4,480, the potential yield could reach approximately 7.81%.

As a large bank with solid fundamentals, BBNI is attractive not only in terms of growth prospects but also from the standpoint of competitive dividend potential this year.

4. NISP
PT Bank OCBC NISP Tbk (NISP) is also appealing for a dividend play strategy. Over the past four years, its dividend payments have become more consistent and have shown an improving trend.

If this year’s dividend allocation matches that of 2024 at around Rp106 per share, and the stock price stands at Rp1,540, the potential yield could reach approximately 6.88%.

With positive earnings growth and consistent dividend payments, NISP may serve as an option for investors seeking a balance between stability and moderate yield.

5. BNGA
PT Bank CIMB Niaga Tbk (BNGA) is equally attractive. Over the past five years, the dividends distributed have continued to increase.

Assuming a conservative dividend of Rp150 per share and a stock price around Rp1,875, the potential yield could approach 8%.

This historical upward trend in dividends is a notable advantage, particularly for investors who believe in the long-term profit growth of the banking sector.

5 Stocks with Potential Attractive Dividends in 2026