4000% Dividend In Q4: IT Giant To Consider Dividend Again, Record Date Fixed

Leading IT Software sector company, LTIMindtree Ltd today announced that the Board Of Directors of the company scheduled a meeting on October 18, 2023 to consider and approve financial results for the period ended September 30, 2023 and interim dividend, if any. The company has fixed October 27, 2023 as the record date for payment of interim dividend, if declared.

LTIMindtree Ltd declared a final dividend of Rs 40/equity share of the face value of Re 1 each translating it to a dividend of 4000% in Q4. LTIMindtree shares gained 17% in last 6-months and soared 119% in last 3-years. Check details below:

LTIMindtree To Declare Financial Results, Dividend On Oct 18, 2023: According to the BSE filing dated September 25, 2023, "Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR'}, this is to inform you that a meeting of the Board of Directors of the Company will be held on Wednesday, October 18, 2023, inter-alia, to consider, approve and take on record, the un-audited standalone and consolidated financial results of the Company for the quarter & half-year ended September 30, 2023, along with the Limited Review Reports of the Statutory Auditor thereon. In the aforementioned meeting, the Board of Directors may also consider a proposal to declare an interim dividend on the equity shares of the Company of face value Re. 1 each and the 'Record Date' for payment of interim dividend, if declared, would be Friday, October 27, 2023.

LTIMindtree Q4 Dividend: Earlier, LTIMindtree in Q4 announced a final dividend of Rs 40 per equity share of face value Re 1 each, translating it to a dividend of 4000%. The company issued a regulatory filing saying, "In the aforesaid meeting, the Board of Directors have recommended a final dividend of Rs. equity share of Re. 1 each, for approval of the shareholders." The ex-dividend date was July 10, 2023.

LTIMindtree Stock Outlook & Return: Last trading price of LTIMindtree share is Rs 5380.05 per share with intraday fall of 0.84%. Its 52-week high price is Rs 5590.00 per share and 52-week low price is Rs 4120.00 per share, respectively. The company has a market capitalisation of Rs 1,59,203.08 crore. LTIMindtree shares soared 24% YTD, gained 22% in last 1-year, fell 13% in last 2-years, and offered a return of 186% in last 5-years.

LTIMindtree Financials: The company on July 17 announced its consolidated net profit at Rs 1151.5 crore in the Q1 of financial year 2023-24, up 4% as against Rs 1106 crore in the year ago period. Its revenue from operations in Q1 FY 2024 soared 14% YoY to Rs 8702 crore, according to the BSE filing.

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