Dividend income at risk? 8 stocks with inconsistent dividend payout: Indian Oil, Sanofi India, UTI AMC, and more
Indian Oil reported results in a corporate actions development for FY26.
30 Sept 2026 · LiveMint Markets
Check the list of companies that have paid inconsistent dividend over the last three financial years.Sanofi India declared a dividend of ₹123 per share in FY26, down from ₹167 in FY24. Indian Oil's fluctuating dividends were ₹7 in FY26 and ₹12 in FY24.
Key facts
- Period
- FY26 and FY24
The analysis
Indian Oil reported ₹123, ₹167 and ₹7 for FY26. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.0% on the day at ₹130.26, and has returned -8.6% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved +1.0% over the same period, so Indian Oil is running 9.6 points behind its peers.
For Indian Oil, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Buybacks, dividends and splits change what a shareholder actually receives, and often signal how management reads its own value.
- Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
Market context
- The company directly in focus is IOC.
- Sector exposure: Oil & Energy.
In this story
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