Boards of directors for a host of prominent Indian companies, including Hero MotoCorp, Larsen & Toubro (L&T), Coforge, Mahindra & Mahindra (M&M), Punjab National Bank (PNB), and Marico, are scheduled to meet today, May 5, 2026, to consider and potentially declare dividends for the financial year 2026. These announcements will coincide with their respective quarterly results.
Key Companies Reviewing FY26 Dividends
Shareholders are keenly watching these developments, particularly for companies with a history of consistent payouts. The decisions made today will impact investor returns for the current fiscal year.
Hero MotoCorp: A History of Consistent Dividends
The two-wheeler manufacturing giant, Hero MotoCorp, has a track record as a reliable dividend payer. Earlier this year, the company had already declared an interim dividend of Rs 110 per share for FY26. For the previous financial year, FY25, Hero MotoCorp distributed Rs 165 per share, totaling Rs 2,000.11 crore. Historical data shows consistent payouts, including Rs 140 per share for FY24 and Rs 100 per share for FY23.
L&T to Decide Final Dividend for FY26
Engineering and construction conglomerate Larsen & Toubro is also on the list. While L&T has not issued any interim dividend for FY26 to date, its board will consider a final dividend today. The company had declared Rs 34 per share for both FY25 and FY24, and Rs 22 per share for FY23 and FY22, demonstrating a steady return policy.
Punjab National Bank (PNB) Dividend Trajectory
Public sector lender Punjab National Bank is expected to review its FY26 dividend. In FY25, PNB declared a dividend of Rs 2.90 per share, followed by Rs 1.50 per share in FY24 and Re 0.65 per share in FY23. No interim dividend has been announced by the bank for FY26 so far.
M&M, Marico, and Other Companies
Mahindra & Mahindra, the automotive and farm equipment major, will also be considering its dividend. M&M had declared Rs 25.30 per share in FY25, Rs 21.10 per share in FY24, and Rs 16.25 per share in FY23.
FMCG leader Marico's shareholders are also anticipating dividend news. Marico's payouts included Rs 10.50 per share in FY25, Rs 9.50 per share in FY24, and Rs 4.50 per share in FY23.
Other companies whose boards are scheduled to consider dividends today include Coforge Ltd, United Breweries Ltd, SRF, and Poonawalla Fincorp Ltd. Coforge has made multiple interim dividend announcements in the past, totaling Rs 76 per share for the last two financial years. SRF has already announced an interim dividend of Rs 9 per share for FY26.