D-Link (India) Limited announced a combined payout of ₹27.5 per equity share for FY2025-26 on May 9, 2026, comprising a final dividend of ₹20 per share and a special dividend of ₹7.5 per share, as approved by its Board of Directors at a meeting held on the same date. The record date for both payouts has been fixed at July 10, 2026.

Dividend Details

Dividend Yield and Market Context

At the last traded price of ₹465 on NSE, the combined FY26 total dividend of ₹33.5 per share translates to a trailing dividend yield of approximately 7.2%. The final and special dividend alone of ₹27.5 per share represents a yield of 5.9% on the current market price. The stock closed at ₹465, down 0.15% on the day, and currently trades closer to its 52-week low of ₹367.65 (touched on January 23, 2026) than its 52-week high of ₹589.55 (reached on July 9, 2025), placing it roughly 21% below its peak.

Year-on-Year Dividend Comparison

The total FY26 payout of ₹33.5 per share marks a significant step-up from prior years. In FY2024-25, the company paid a total of ₹21 per share, comprising a ₹15 final dividend and a ₹6 interim dividend. In FY2023-24, the total stood at ₹18 per share, with a ₹13 final dividend and a ₹5 interim dividend. The FY26 total therefore represents a 59.5% increase over FY24 levels and a 59.5% rise over FY25 levels on a year-on-year basis. The introduction of a special dividend component in FY26 is a notable departure from the company's recent practice of limiting payouts to interim and final tranches.

Dividend Trend Analysis

The three-year trend reflects a consistent upward trajectory in shareholder returns, with total payouts rising each year. The addition of a special dividend in FY26 suggests the board chose to distribute surplus capital beyond its regular payout cycle.

Valuation and Delivery Data

D-Link India trades at a price-to-earnings ratio of 15.92x, which is identical to the sector PE of 15.92x, indicating the stock is currently valued in line with its peer group. The market capitalisation stands at ₹1,650.98 Cr. On May 9, 2026, the stock recorded a volume of 2,37,011 shares, with a delivery percentage of 43.7%, suggesting that a meaningful portion of the day's trades were backed by actual delivery intent rather than intraday activity. Daily volatility is measured at 2.51%.

Other Board Decisions

The board also approved the appointment of Kirtane and Pandit LLP as an other service provider to the company, effective May 9, 2026, and adopted the financial results for the quarter and year ended March 31, 2026.

Shareholders holding D-Link India equity on the record date of July 10, 2026 will be eligible to receive the declared dividend amounts, subject to applicable tax deductions at source as per prevailing Indian tax regulations.