In the financial year 2024–25 (FY25), some of India’s top listed companies rewarded their shareholders with impressive dividend payouts. These companies stood out for their strong earnings, excellent financial discipline, and commitment to returning profits to investors. In simple terms, a dividend is a part of a company’s profit given to shareholders. Companies that consistently pay high dividends, year after year, are often called “Dividend Kings.”
This article highlights the top five dividend-paying stocks from the Nifty 500 index in FY25 and explains why these companies stood out.
Tata Consultancy Services (TCS), one of India’s largest IT companies, was the top dividend-paying stock in FY25. The company paid a total dividend of ₹126 per share. This was a big increase of around 73% compared to the previous year. TCS even paid a special dividend of ₹66 per share in January 2025.
TCS earned a profit of about ₹48,553 crore in FY25. Out of this, it paid ₹45,612 crore as dividends to shareholders. This means the company paid out almost 94% of its profits as dividends. Such a high payout shows that the company has strong earnings, steady cash flow, and limited need to spend heavily on new projects at the moment.
TCS has always been known for its financial strength. With regular clients around the world and strong demand for its IT services, it continues to be a reliable source of income for its shareholders.
Page Industries, the company that sells Jockey and Speedo products in India, paid an impressive total dividend of ₹900 per share in FY25. This was more than double the ₹370 per share dividend it paid in FY24.
The company paid this dividend through four separate payments during the year. Page Industries has been consistently paying dividends since 2007. This shows that the company has been generating good profits and stable cash flow for many years. Despite being in the competitive clothing and innerwear segment, it has maintained strong demand for its products.
The company’s commitment to rewarding its investors, along with its continued growth in the Indian retail market, made it one of the top Dividend Kings of FY25.
Hero MotoCorp, India’s largest two-wheeler manufacturer, delivered a total dividend of ₹165 per share in FY25. This is a significant increase from ₹140 per share in the previous financial year.
The ₹165 dividend represents 8,250% on the face value of ₹2 per share. Hero MotoCorp has a long history of paying dividends regularly. Since 2003, it has announced 40 different dividend payouts.
This performance reflects the strong market position of Hero MotoCorp in India’s automobile industry. With rising demand for motorcycles and scooters in both urban and rural areas, the company has been able to maintain strong sales and profits. Its ability to generate cash, even in tough market conditions, is one of the reasons it has remained a favorite among dividend-seeking investors.
Britannia Industries, known for its biscuits and other food products, maintained a steady dividend payout in FY25. The company paid ₹75 per share, slightly higher than the ₹73.50 per share paid in FY24.
Britannia has been paying dividends regularly for over 20 years. The company benefits from strong brand loyalty and a large distribution network across India. People continue to buy Britannia’s products regardless of economic ups and downs, which helps the company maintain stable earnings.
In a sector where competition is high and raw material costs can be unpredictable, Britannia’s ability to deliver consistent dividends makes it stand out. It shows the strength of the company’s business model and its focus on rewarding shareholders.
Eicher Motors, the parent company of Royal Enfield motorcycles, increased its dividend to ₹70 per share in FY25. This was a big jump from ₹51 per share in FY24. The latest dividend represents a 7,000% return on the face value of ₹1 per share.
Eicher Motors has paid dividends every year since 2003. The company has grown steadily over the years, thanks to the popularity of Royal Enfield bikes, especially among young and premium-segment buyers in India and overseas.
Despite spending on new model development and global expansion, Eicher has managed to maintain healthy profits and strong cash flows. The rise in its dividend payout this year reflects its confidence in future growth and its commitment to long-term investors.
These five companies stood out from the rest of the Nifty 500 index in FY25 due to their strong dividend performance. While nearly 100 companies in the Nifty 500 paid dividends during the year, the average dividend yield was about 2.95%. In contrast, these top five Dividend Kings delivered much higher payouts.
This shows a positive trend where more Indian companies are starting to focus on rewarding their shareholders. Globally, dividend-paying stocks are becoming popular again, especially as interest rates in many countries are expected to fall. Investors are looking for stable income, and dividends from well-run companies provide that.
All five companies have a few things in common:
Strong Profits and Cash Flow: They have solid businesses that generate consistent income. This gives them the ability to pay high dividends.
Sustainable Payout Ratios: These companies don’t pay out more than they can afford. Even when payouts are high, they are backed by profits.
Long-Term Commitment: Each of these firms has a long history of paying dividends. They continue to do so even during tough economic times, which builds trust with investors.
Dividends are important for investors who want steady income along with the possibility of capital growth. Unlike share prices, which can go up or down quickly, dividends provide regular returns. They are especially useful for retired people or those who don’t want to sell their shares to make money.
Moreover, companies that pay regular dividends are often more financially disciplined. They manage their money well and tend to focus on long-term value rather than short-term gains.
It is important to note that not all companies with high dividend yields are good investments. Some firms in cyclical or commodity-linked sectors—like metals, mining, or oil—may offer high dividends in good years but cut them during downturns.
In contrast, the five Dividend Kings listed above operate in more stable sectors such as IT, consumer goods, and automobiles. They have shown they can maintain or grow dividends even during challenging periods.
As India’s economy continues to grow, and with many firms reporting strong profits, the trend of high dividend payouts is likely to continue. TCS, Hero MotoCorp, Britannia, Page Industries, and Eicher Motors are expected to maintain their dividend-friendly approach in FY26 as well.
Investors will be watching closely to see how these companies perform in terms of earnings and capital allocation. If interest rates fall later in the year as expected, dividend-paying stocks could become even more attractive compared to fixed deposits or bonds.
FY25 was a strong year for dividend investors in India. The top five Dividend Kings from the Nifty 500—Tata Consultancy Services, Page Industries, Hero MotoCorp, Britannia Industries, and Eicher Motors—set a high standard for shareholder rewards. These companies showed that it’s possible to combine business growth with generous dividends.
Their performance is a reminder that reliable dividend stocks can play a key role in building long-term wealth. For those seeking a mix of safety, income, and growth, these companies offer a solid foundation in any portfolio.