This IT Major Declares The Highest Interim Dividend In Last 5 Years

Wipro in its board meeting held on March 25, 2022 has considered as well as approved an interim dividend of Rs. 5 per share of par value Rs. 2 each for the financial year 2021-22.

Ex-date, Record date and Dividend payment date

Ex-date or the date by which the investor should buy into the scrip to be eligible for the prescribed dividend or the date when the stock adjusts in price in respect of the declared dividend in case of Wipro is April 5, 2022.For the above specified dividend, the board has fixed Wednesday, April 6, 2022 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend. Further, the payment of interim dividend will be made on or before April 24, 2022.

Company's past dividend for Fy 2021-22

Importantly, the interim dividend of Rs. 5 declared for Fy22 is the highest in the last 5 years. Earlier to this the IT major declared Rs. 5 interim dividend for the Fy 2015-16 which was announced on January 6, 2016. Also, for this Fy 2022 itself, the company also announced 50% or Rs. 1 interim dividend for which the stock turned ex-dividend on January 21, 2022.

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