HCL Tech declares third interim dividend of Rs 10/share


on Wednesday declared an interim dividend of Rs 10 per share of Rs 2 face value for FY2023 while announcing its quarterly results for the September quarter.

Also, the board confirmed the record date as October 20 for the purpose of determining shareholders’ eligibility for the dividend. So, the ex-date that usually falls a day prior to the record date is October 19.

The interim dividend payment date will be November 2, read the company’s filing with the exchange.

This is the third interim dividend being announced for the current fiscal year. For FY23, the company announced a first interim dividend of 900% (Rs 19 per share) and then a second interim dividend of 500% (Rs 10 per share).

In FY22, the firm announced a total dividend of 2100% amounting to Rs 42 per share, which, given the current share price of Rs 952.00, results in a dividend yield of 4.41%.

According to the Trendlyne data, the IT company has announced a total of 83 dividends since September 2000 and in the past 12 months it has declared an equity dividend amounting to Rs 48.00 per share.

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