By BullScreen Editorial Team 
Wipro Ltd. is set to announce its March-quarter results on April 16, with investors closely watching whether the IT major can finally meet or exceed dividend expectations after missing estimates for seven consecutive years.
The company is expected to declare its FY26 dividend alongside a potential decision on a share buyback. According to Bloomberg-tracked analysts, the consensus estimate for the dividend stands at ₹10.56 per share, with projections ranging widely between ₹4 and ₹17 per share.
This year’s payout carries added significance as Wipro has committed to distributing over 70% of its net income to shareholders between FY26 and FY28. A dividend in line with or above estimates could signal stronger execution of this capital allocation strategy and improve investor confidence.
The wide range in analyst estimates highlights uncertainty over how aggressively the company will return cash. Market participants are also focused on the possibility of a buyback, which would be Wipro’s first in three years. Brokerages estimate the buyback size could range between ₹16,000 crore and ₹18,500 crore.
With cash reserves of ₹41,510 crore at the end of the December quarter among the highest in India’s top IT firms. Wipro has significant room for shareholder payouts. Analysts, including Morgan Stanley, note that a buyback move is already largely priced in by the market.
A strong dividend or buyback announcement could help Wipro break its past trend and reset expectations, especially at a time when investors are seeking consistent returns from IT stocks.
Wipro Dividend Trends
| Year | Dividend Anticipation (Rs/share) | Actual Dividend (Rs/share) |
|---|---|---|
| FY25 | 7.6 | 6 |
| FY24 | 2.5 | 1 |
| FY23 | 3.8 | 1 |
| FY22 | 3.2 | 3 |
| FY21 | 1.5 | 0.5 |
| FY20 | 1.7 | 0.5 |
| FY19 | 2.3 | 0.5 |
| FY18 | 1.6 | 0.38 |