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Eight Indian Stocks Show Inconsistent Dividend Payouts
Some investors buy stocks because they expect regular dividend payments.
A dividend is money a company gives to shareholders.
This report lists eight Indian companies whose dividend amounts changed significantly over three financial years.
Indo Borax & Chemicals increased its dividend sharply in FY26 after paying only ₹1 in each of the prior two years.
Indian Oil’s dividend moved from ₹12 to ₹3 and then ₹7 per share.
Sanofi India paid less in FY25 and FY26 than in FY24.
UTI Asset Management also reduced its FY26 dividend compared with the previous two years.
These changes show why past high dividends do not always guarantee the same income in future years.
Indo Borax & Chemicals announced ₹40 per share for FY26, compared with ₹1 in both FY25 and FY24.
Indian Oil Corporation paid ₹7 per share in FY26, ₹3 in FY25 and ₹12 in FY24.
Sanofi India’s dividend fell from ₹167 per share in FY24 to ₹117 in FY25 and ₹123 in FY26.
UTI Asset Management announced ₹40 per share in FY26, below ₹48 in FY25 and ₹47 in FY24.
The list also includes Premco Global, Chennai Petroleum, Hindustan Petroleum and Castrol India, whose payouts varied across the three years.
- Who
- Eight Indian companies, including Indian Oil Corporation, Sanofi India, UTI Asset Management and Premco Global.
- What
- Their dividend payouts and yields varied across FY24, FY25 and FY26.
- Where
- The companies are listed in an Indian stock-market report; referenced prices were reported on the BSE or NSE.
- When
- The comparison covers financial years FY24 through FY26.
- Why
- The report highlights that inconsistent or volatile dividends can disappoint investors seeking regular income.
Key facts
- Source
- SBI Securities report
- Companies covered
- Eight companies
- Highest FY26 dividend per share
- Premco Global at ₹44 per share among the companies described in the table; Indo Borax & Chemicals announced ₹40 per share, while Sanofi India announced ₹123 per share.
- Largest FY26 increase
- Indo Borax & Chemicals rose to ₹40 per share from ₹1 in FY25 and ₹1 in FY24.
- Indian Oil payout history
- ₹7 in FY26, ₹3 in FY25 and ₹12 in FY24
- Sanofi India payout history
- ₹123 in FY26, ₹117 in FY25 and ₹167 in FY24
- UTI Asset Management payout history
- ₹40 in FY26, ₹48 in FY25 and ₹47 in FY24
Sources
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