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Stock To Buy: Company Paying 1100% Final Dividend, Ex-date Next Week
Larsen & Toubro, on May 5, 2022, announced a final dividend of 1100%, which is significantly high. The company's ex-dividend date will be next week, on July 21, 2022, and the record date will be on July 22, 2022.
Stock's performance on NSE - Larsen & Toubro
Larsen & Toubro's current market price stood at Rs. 1,661.10 falling by 1.56% till last traded. In the past 6 months, its stock price has fallen by 15.86%, and in the last 1 month, the share has gained by 8.42%. In the past 1 year, its stock price has gained by 10.68%, amid a bearish market condition, and in the past 5 years, the stock's price has surged by 41.83%. It is a large-cap company with a market capitalization of Rs. 233,675 crore.
The 52-week high level of this stock is Rs. 2,078.55, and the 52-week low level of this stock is Rs. 1,456.35.
Company news
Recent reports inform that L&T's building and factories business has received an order to build 10.8-MW capacity data centres in Mumbai and Navi Mumbai, which is expected to thrive the company even more.
According to data available with NSE, in Q4 FY22, the company's Total Income stood at Rs. 37,43,922 lakh, as against Rs. 21,55,154 lakh in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 3,82,372 lakh, as against Rs. 2,06,219 lakh in Q3 FY22. Additionally, its Net Profit stood at Rs. 2,90,115 lakh, as against Rs. 1,67,084 lakh in the earlier quarter.
A dividend is a reward, offered by a listed company to its investors. It is not a mandatory offer, but the companies try to offer dividends for attracting new investors while benefiting the existing investors. After a company makes significant profits in the recent quarters or fiscal, the same can provide you a dividend.
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.
