IT giant HCL Tech sets record date for interim dividend for FY 2023-24

IT giant HCL Technologies jumped on Friday after the board declared a record date of interim dividend for the financial year 2023-24. The company is a Large-cap company and has registered market cap of 300,796 crore on Friday’s closing. HCL Tech declares record date for Interim Dividend for FY 2023-24 and Board meeting to be held on April 19 and 20, 2023 to consider financial results for FY ending March 31, 2023 It’s going to be

HCL Technologies said in a stock exchange filing that “We wish to inform you that a meeting of the Board of Directors of the company is scheduled to be held on April 19 and 20, 2023 to consider, inter alia: 1) the audited financials of RESULTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDING 31ST MARCH, 2023. 2) PAYMENT OF INTERIM DIVIDEND FOR THE FINANCIAL YEAR 2023-24. Items relating to financial results and payment of interim dividend will be considered by the Board on 20th April, 2023 The record date for determining the entitlement of shareholders for payment of the aforesaid interim dividend shall be April 28, 2023, subject to the following conditions: Approval of the interim dividend by the Board of Directors.”.

HCL Technologies declares equity dividend of 2100.00% on face value 2, or 42 per share for the financial year ending March 2022. Dividend yield on current share price 1,111.90 is 3.77%. As per Trendline data, since Sep 25, 2000 there have been 84 Dividend issued by HCL Technologies Limited and in last 12 months company has declared Equity Dividend 48.00 per share. This generates a dividend yield of 4.31% at the current share price 1,111.90.

IT services leader HCL Technologies has reported 19% growth in consolidated net profit for the December quarter (Q3FY 2023). more than 4,096 crores 3,442 crore in the corresponding quarter (Q3FY22) of the previous year. Company’s revenue from operations increased by 19.5% 26,700 crore during Q3FY23 as compared to Rs. 22,331 crore reported during Q3FY22.

HCL Technologies shares closed on the NSE on Friday 1,111.9 each, up 3.68% from its previous close. 1,072.40. The stock recorded a total volume of 53,50,523 shares as compared to 20-day average volume of 32,68,889 shares. In last 1 year, the stock has fallen 4.81% and gained 6.97% in 2023 so far on YTD basis. The stock has touched a 52-week high. at 1,215.00 (17-Mar-2022) and 52-week low 877.35 at (15-Jul-2022). During Q3FY23, the company registered promoter shareholding of 60.72%, FII holding of 18.29%, DII holding of 15.85%, Government holding of 0.02%, Public holding of 4.89% and others holding of 0.23%.

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