Dividend Stock: Market listed companies have started releasing the results of the third quarter of the current financial year. Along with releasing financial results, many companies are also declaring dividends for their shareholders. In this series, the country’s leading IT company HCL Tech had also released the results of the third quarter of the financial year 2024-25 on January 13. Along with releasing the results, this IT sector company had also announced dividend for its investors.
IT company will give dividend of Rs 18 on every share
HCL Tech had declared a total dividend of Rs 18 for its shareholders on each share with face value of Rs 2. The company had said in an exchange filing that the Board of Directors of HCL Tech has declared the fourth interim dividend of Rs 18 for the financial year 2024-25. The company said that this dividend of Rs 18 given to investors includes a special dividend of Rs 6. The company had also announced the record date for this dividend of Rs 18. HCL has fixed Friday, January 17 as the record date for payment of dividend. The dividend amount will be sent to the bank accounts of the company’s shareholders on January 24.
Dividend benefit will be available only on shares purchased till January 16
HCL Tech shares will trade ex-dividend on Friday, January 17. This simply means that the new shares purchased on January 17 will not get the benefit of dividend. If an investor wants to take advantage of the dividend, he will have to buy shares before the market closes on January 16.
Fall in company shares
As of 11.04 am on Thursday, HCS shares were trading at Rs 1797.80, down Rs 28.10 (1.54%) on BSE. Shares of the IT company, which had closed at a price of Rs 1825.90 with a slight rise on Wednesday, even today opened with a rise at a price of Rs 1844.95, which remained its intraday high till the time of writing. In fact, since the beginning of trading, there has been a continuous decline in the shares. Today, the company’s shares had reached an intraday low of Rs 1793.25 at the time of writing.
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