HCL Tech has declared an interim dividend of Rs. 18 per equity share on Thursday. This will be the first dividend for the financial year FY24. It has already set a record date for the said dividend. In addition, the company also announced its Q4 results and overall annual performance for FY23.
The record date for determination of eligible shareholders has been fixed as April 28, 2023. The ex-dividend date for HCL Tech is also the same as the record date.
The record date for dividend is the day it is also proposed by the board of the company to identify the names of the shareholders eligible for dividend benefits. All those shareholders whose names appear in the list of the company as on the end of the record date shall be eligible to receive the dividend.
Meanwhile, ex-dividend date means the day on which the price of equity shares of a company gets adjusted for dividend payment.
HCL Tech is one of the king of giving huge dividend to its shareholders.
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