Highest Dividend Payout in FY26: UltraTech Cement, Maruti Suzuki, HCLTech and Others

As the Q4 earnings season progresses, many companies have announced dividends for FY26. While some payouts were expected, several companies surprised investors by declaring their highest-ever dividends.

Major companies announcing record payouts include UltraTech Cement, Maruti Suzuki India, HCL Technologies, Tech Mahindra, Muthoot Finance, and Oracle Financial Services Software.

UltraTech Cement Declares Special Dividend of ₹240

India’s largest cement producer, UltraTech Cement, recommended a special dividend of ₹240 per share, the highest in its history.

Key reasons behind the record payout:

• Consolidated profit crossed ₹8,000 crore for the first time
• Domestic grey cement capacity crossed 200 MTPA
• Operating cash flow jumped 50% YoY to ₹14,398 crore 

For comparison, the company paid ₹77.5 per share in FY25.

Maruti Suzuki Announces ₹140 Final Dividend

Maruti Suzuki’s board recommended a final dividend of ₹140 per share, slightly higher than last year’s ₹135 and the highest ever for the company.

• Total dividend payout: ₹4,401.6 crore
• Payment subject to shareholder approval at the AGM on August 31 

Muthoot Finance Declares ₹30 Interim Dividend

Muthoot Finance announced an interim dividend of ₹30 per share, marking its highest payout so far.

Important details:

• Record date: April 17
• Dividend will be paid within 30 days of declaration
• FY25 interim dividend was ₹26 per share 

Oracle Financial Services Announces Highest Dividend in a Decade

Oracle Financial Services Software recommended a second interim dividend of ₹270 per share, taking the total FY26 dividend to ₹300 per share.

Key dates:

• Record date: May 7
• Payment on or before May 21 

This is the company’s highest dividend in more than 10 years.

Tech Mahindra Announces ₹51 Total Dividend for FY26

Tech Mahindra recommended a final dividend of ₹36 per share.

Combined with the ₹15 interim dividend declared earlier, total FY26 dividend stands at ₹51 per share.

Key dates:

• Record date: July 3, 2026
• Payment expected before August 14, 2026 

HCLTech Declares Record Annual Dividend of ₹60

HCLTech announced its largest-ever annual dividend of ₹60 per share.

Breakup:

• ₹24 per share for the latest quarter
• ₹36 per share across previous 3 quarters 

Key dates:

• Record date: April 25
• Payment by May 5 

Conclusion

FY26 has turned out to be a strong year for dividend-paying companies. Strong profits, cash flows, and business growth allowed many firms to reward shareholders with record payouts. This trend highlights the growing focus on shareholder returns in the Indian corporate sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.