Dividend investing attracts investors looking for regular income from equity portfolios. Several Indian companies announced substantial dividends for FY 2025-26. However, investors should distinguish between the highest dividend per share and the highest dividend yield.

Top Dividend Paying Stocks

1. Page Industries, ₹550 per share

Page Industries distributed ₹550 per share during FY26 through four interim dividends of ₹150, ₹125, ₹125 and ₹150 per share.

2. Oracle Financial Services Software, ₹400 per share

Oracle Financial Services Software declared two dividends during FY26, ₹130 per share and ₹270 per share, taking the total to ₹400 per share.

3. UltraTech Cement, ₹240 per share

UltraTech Cement recommended a special dividend of ₹240 per share for FY26.

4. MRF, ₹235 per share

MRF announced a final dividend of ₹229 per share and had paid two interim dividends of ₹3 each, taking the FY26 total to ₹235 per share.

5. Maruti Suzuki India, ₹140 per share

Maruti Suzuki announced its highest-ever annual dividend of ₹140 per share for FY2025-26.

6. TCS, ₹110 per share

TCS paid a total FY26 dividend of ₹110 per share through interim, special and final dividends.

Dividend Per Share vs Dividend Yield

Investors should not select a dividend stock only because its dividend per share is high. Dividend yield compares the annual dividend with the current share price.

Dividend Yield = Annual Dividend ÷ Share Price × 100

What Investors Should Check

·        Dividend yield

·        Dividend payout ratio

·        Profit growth

·        Free cash flow

·        Debt levels

·        Dividend history

·        Earnings stability

·        Record date

·        Ex-dividend date

·        Sustainability of future dividends

Final Takeaway

FY26 saw several impressive dividend announcements. Page Industries stood out with ₹550 per share, followed by Oracle Financial Services Software at ₹400 per share, UltraTech Cement at ₹240 and MRF at ₹235. For long-term investors, dividend yield, business quality, cash generation and dividend consistency matter alongside the headline payout.

Disclaimer: This article is for educational and informational purposes only. It is not investment advice or a recommendation to buy or sell any security. Investments in securities markets are subject to market risks. Investors should verify the latest company and exchange filings before making investment decisions.