Top 10 companies of Nifty 500 with highest dividend payouts for FY25

Synopsis

Dividends are important for investors seeking income. Tata Consultancy Services topped Nifty 500 in dividend payouts for FY25. TCS's dividend rose significantly, aided by a special dividend. Page Industries and Hero MotoCorp also increased their dividends. Britannia Industries maintained its dividend. Eicher Motors raised its payout. These companies rewarded shareholders amidst economic uncertainties.

Mumbai: Dividends play a crucial role for investors who see them as a valuable source of income from their investments apart from capital gains. A look at the dividend data of Nifty 500 index for FY25 to find out the top 10 companies that paid the highest dividends.

Tata Consultancy Services (TCS) topped the charts based on the absolute dividend payment as well as the equity dividend percentage, which is calculated as dividend per share relative to its face value. The total dividend payout of the country's largest software exporter rose by 72.6% year-on-year to ₹45,612 crore, helped by a special dividend of ₹66 per share declared in January 2025. Its equity dividend percentage in FY25 was 12,600%, implying a dividend of ₹126 per share of a face value of ₹1. In FY24, TCS had paid a dividend of ₹73 per share or ₹26,426 crore at the absolute level.

The absolute dividend amount alone would not be able to reflect the extent of dividend that investors receive per share. Therefore, equity dividend percentage comes into picture. In addition, the payout ratio, another parameter, indicates how much profit was distributed among shareholders as dividends. For TCS, the ratio was 93.9% based on FY25 net profit of ₹48,553 crore. It was significantly higher than the previous year's payout ratio of 58% suggesting that the company decided to distribute most of its profit in FY25 among shareholders at a time when capital investment opportunities look less attractive amid global economic uncertainties.

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Among other prominent high-dividend names, innerwear leader Page Industries nearly doubled its payout to 9,000% in FY25 from 3,700% a year ago, reflecting strong profitability. Two-wheeler titan Hero MotoCorp paid an 8,250% dividend, up from 7,000% in FY24, demonstrating steady cash generation in the automotive sector.

Biscuit-maker Britannia Industries maintained its dividend at 7,500% versus 7,350% earlier, while premium bikes manufacturer Eicher Motors raised its payout to 7,000% from 5,100%.

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