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OFSS, TCS and UltraTech Cement among key stocks with the highest dividend payout in FY26

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By Sreenivas Ajankar

4 min read | Updated on May 04, 2026, 14:25 IST

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SUMMARY

UltraTech Cement announced a special dividend of ₹240 per share after its FY26 net profit crossed ₹8,000 crore for the first time. Four stocks from the NIFTY500 universe have announced a dividend of ₹100 per share or above so far in FY26.

Stock list

TCS
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ULTRACEMCO
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OFSS
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MARUTI
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TATAELXSI
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HCLTECH
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TCS_dividends_paid

Maruti Suzuki announced a final dividend of ₹140 for FY26

In the ongoing March quarter results, many companies have announced high dividend payouts for their shareholders along with strong earnings. The March quarter results season begins with TCS earnings, followed by other IT stocks.

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IT sector earnings have shown a mixed trend in Q4FY26 as most companies gave conservative FY27 guidance due to AI-led demand headwinds. Despite these, a total of eight IT stocks have announced interim and final dividends. The combined total of these dividends comes around ₹512 per share.

Dividend payouts across the NIFTY500 universe remained strong and broad-based in FY26, reflecting healthy corporate profitability and cash flows.

Here is a list of companies that have paid a dividend of ₹100 and above in FY26:
Stock nameFY26 dividendDividend yieldYTD return*
Oracle Financial Services (OFSS)₹400/share4.1%▲26.5%
UltraTech Cement₹240/share0.6%▼1.6%
Maruti Suzuki India₹140/share1.1%▼20.2%
TCS₹110/share4.4%▼22.8%

*YTD return as of April 30 closing

As seen from the above table, around four stocks from the NIFTY500 universe have announced a dividend of ₹100 per share or above in FY26. Two stocks offering high dividends come from the IT sector, i.e. Oracle Financial Services Software (OFSS) and TCS. Other companies on the list are from the Auto and Cement sectors.

Several other companies like Bosch Limited also likely to announce a dividend of above ₹100 if we analysis its previous dividend payout history. The company paid a dividend of ₹512 per share in FY25. However, the company is yet to announce the final dividend for FY26.

Tata Elxsi (final dividend of ₹75), LTIMindtree (₹75 dividend for FY26), HCL Technologies (₹60 dividend in FY26), Tech Mahindra (₹51 dividend in FY26), Infosys (₹48 dividend in FY26) are other prominent stocks that have announced high absolute value dividends in FY26.

Oracle Financial Services Software (OFSS): The IT firm led the list with a total dividend of ₹400/share in FY26. The company announced this dividend across two tranches, with an interim dividend of ₹130 in October 2025 and ₹270 in April 2026. The record date for the latest interim dividend is May 7, 2026. Besides dividends, the company’s stock has also gained over 26% so far in 2026.

High dividend payout comes after the company announced strong FY26 earnings as its consolidated revenue rose by 12% YoY to ₹7,672 crore, while net profit rose nearly 11% to ₹2,639 crore, driven by increased demand for digital banking solutions, strong deal wins, and growing adoption of cloud-based platforms.

UltraTech Cement: Cement giant UltraTech Cement announced a special dividend of ₹240 per share after strong performance in FY26. The company crossed ₹8,000 crore in net profit for the first time as its profit after tax (PAT) jumped 35% YoY to over ₹8,100 crore, supported by double-digit volume growth and improved capacity utilisation. Consolidated net sales reached a record ₹87,384 crore, a rise of 17% YoY.

The record date for the said dividend will be announced later, following shareholder approval. UltraTech Cement shares have remained flat, delivering a return of 1.6% so far in 2026.

Maruti Suzuki India: Automaker Maruti Suzuki announced a final dividend of ₹140 per share for FY26 despite reporting flat growth in FY26 net profit. Maruti Suzuki’s Net profit rose marginally to ₹14,680 crore compared to 14,451 crore profit in FY25 due to rising input costs and higher expenses. Meanwhile, the company reported its highest-ever revenue in FY26 of around ₹1.83 lakh crore, rising 20% YoY, supported by total sales of over 24.2 lakh vehicles. Maruti Suzuki shares have tumbled over 20% so far this year.
Tata Consultancy Services: IT giant TCS announced a total dividend of ₹110 per share for FY26. The company posted revenue of around ₹2.67 lakh crore, marking a rise of 4.7% YoY, while its net profit rose 1.3% YoY to ₹49,210 crore.

TCS declared multiple interim dividends along with a special and final dividend for shareholders, taking the total FY26 payout to one of the highest in the IT sector. Meanwhile, TCS shares have given a weak return as the stock declined over 22% so far in 2026 over fear of AI taking over the traditional, labour-intensive outsourcing model.

About The Author

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Sreenivas Ajankar is a Deputy Editor at Upstox and has over nine years of experience in capital markets. His areas of expertise include equity research, analysis and business valuation.

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