ICICI Bank Dividend Announcement: Highest Payout In 12 Years? Here's What D-Street Is Expecting

ICICI Bank's dividend announcement is in focus as market estimates point to a possible record payout in more than a decade. Bloomberg estimates for FY26 peg the expected dividend at Rs 11.7 per share. That company is expected to announcement the payout along with Q4 results on Saturday, April 18.

If the lender declares that amount, it would be its highest dividend in 12 years, based on the historical data. The final number, however, may vary sharply from current projections.

Dividend Outlook

Bloomberg estimates show the highest forecast at Rs 13.98 per share, while the lowest stands at Rs 9.5 per share. The range signals differing expectations ahead of the year-end decision.

ICICI Bank has beaten dividend estimates in each of the past four fiscals, according to the data shared. That record has kept investor attention on whether it can deliver another payout above consensus.

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Past Trend

The bank has announced only a final dividend in the year-end period over the past few years, with no interim dividend during that time. Its recent payout history also shows a steady rise after FY20.

ICICI Bank declared no dividend in FY20. It then announced Rs 2 per share in FY21, Rs 5 in FY22, Rs 8 in FY23, Rs 10 in FY24 and Rs 11 in FY25. The progression has kept market attention on whether FY26 could bring another increase.

The historical data also shows earlier payouts of Rs 1 in FY19, Rs 1.5 in FY18, Rs 2.5 in FY17, Rs 5 in FY16 and Rs 5 in FY15. The dividend in FY14 stood at Rs 23 per share.

D-Street Expectations

The Rs 11.7 per share estimate has emerged as the central expectation for FY26. If ICICI Bank matches or exceeds that level, it would set a new 12-year high payout.

Dividend declarations remain a closely watched signal for investors tracking capital returns from large lenders. ICICI Bank's latest announcement is expected to draw attention given its recent history of topping estimates.

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