Consider These 2 Stocks Offering 6.3% Dividend Yields for Passive Income

Rowan Ashford

Published: February 8, 2026 6:46 AM ET

Consider These 2 Stocks Offering 6.3% Dividend Yields for Passive Income

Investors often seek high-dividend stocks as a means of generating passive income. Among these, certain options stand out due to their solid fundamentals and attractive yields. Two stocks currently offering a forecast dividend yield of 6.3% are Aviva and TBC Bank.

Aviva: A Strong Contender in the Insurance Sector

Aviva (LSE:AV) is a prominent name listed on the FTSE 100. This UK-based insurer serves over 25 million customers across the UK, Ireland, and Canada. More than 7 million customers in the UK maintain two or more policies with Aviva, highlighting its robust customer base.

Over the past five years, Aviva has seen its share price approximately double. Despite this growth, the forecasted dividend yield currently stands at an appealing 6.3%. Following a £3.7 billion acquisition of rival Direct Line, Aviva has become the largest firm providing motor and home insurance in the UK.

Growth Projections and Shareholder Returns

Management anticipates a compound annual growth rate of 11% in operating earnings per share from 2025 to 2028. This positive outlook suggests promising dividend increases, with expectations for a nearly 7% rise in payouts for fiscal year 2026. Additionally, share buybacks are expected to resume this year, potentially providing further support for the stock price.

While the insurance market is competitive and economic downturns can pose risks, Aviva’s trading at a reasonable 11 times earnings makes it a stock worth considering for those looking for reliable passive income.

TBC Bank: Tapping into Georgian Growth

TBC Bank (LSE:TBCG), listed on the FTSE 250, is one of Georgia’s leading banking institutions. Located at the crossroads of Europe and Asia, Georgia has seen significant growth, particularly as a result of changing trade routes following geopolitical tensions. TBC Bank’s stock has surged nearly 250% over the past five years due to its strategic positioning.

Strong Financial Performance

The Georgian economy grew by 7.5% last year.
TBC Bank’s operating income increased by 17% in Q3.
Monthly active customers rose by 14% to 7.46 million.

Furthermore, the bank reported a return on equity consistently exceeding the mid-20s percentile, outperforming many European and emerging-market lenders. Although political tensions could dampen tourism and investment, TBC Bank is well-positioned for continued growth as tourism rebounds.

The bank’s stock is trading at an attractive 5.5 times forward earnings, also offering a forecast dividend yield of 6.3%. With earnings expected to cover dividend payouts nearly three times over, TBC Bank represents a compelling opportunity for passive income. The recent dip in stock price, down 13% since July, could be an advantageous entry point for investors.

Both Aviva and TBC Bank illustrate viable options for investors seeking substantial dividend yields, making them worth considering for a diversified investment portfolio aimed at passive income generation.