3 IT Giants To Consider Paying Final Dividend For The FY 2022 In April

Tata Consultancy Services, Infosys, and HCL Tech, the major Information Technology (IT) behemoths, are considering paying a final dividend for the fiscal year 2021-22 (FY22), as well as announcing fourth-quarter results for the fiscal year ended March 31, 2022.

HCL has notified BSE that the company's Board of Directors would meet on April 20 & 21, 2022 to discuss the company's audited financial results for the fiscal year ended March 31, 2022, as well as the payment of an interim dividend for the fiscal year 2022-23. "The items relating to financial results and payment of Interim dividend shall be considered by the Board on April 21, 2022. The Record Date for determining the entitlement of the shareholders for the payment of aforesaid interim dividend shall be April 29, 2022, subject to the approval of the interim dividend by the Board of Directors," the company has informed BSE.

TCS has informed the NSE that a meeting of the Board of Directors is timetabled for Monday, April 11, 2022 to confirm audited standalone financial results for the year ending March 31, 2022, audited consolidated financial results for the year ending March 31, 2022, and propose a final dividend, if any, on the company's equity shares for the financial year ending March 31, 2022.

Infosys informed NSE on April 1, 2022 that it will release results for the fourth quarter and year ended March 31, 2022 at 4 p.m. Indian Standard Time (IST) on Wednesday, April 13, 2022. The board of directors of the company will publish audited standalone and audited consolidated financial results for the fiscal year ending March 31, 2022 at the meeting. In addition, a final dividend for the fiscal year ending March 31, 2022 would be recommended.

TCS shares on the NSE closed 0.51 percent higher at Rs 3,759 per share in Friday's closing session. On the NSE, HCL shares closed the day 0.81 percent higher at Rs 1,173.20. In Friday's closing session, Infosys shares dropped, closing at Rs 1,906.80, down 0.0026 percent. Wipro, HCL Technologies, Tata Consultancy, L&T Technology, and Larsen & Toubro Infotech were among the top gainers on Friday, with the Nifty IT index ending the day 0.07 percent up at 36343.4.