Interim Dividend + Special Dividend: HCL Tech Fixes Record, Payment Dates For Rs 18 Per Share Reward

HCL Technologies has declared its fourth interim dividend of Rs 18 per share for FY25. This reward will also include a special dividend of Rs 6 per share which HCL Tech is going to distribute to its eligible shareholders as part of its 25 years of public listing celebration. HCL Tech made the announcement on Monday, January 13, while reporting Q3 results which was in line with estimates.

HCL Technologies Fourth Interim Dividend:

As per the regulatory filing, the board of directors has declared the 4th Interim Dividend of Rs. 18/- per equity share of Rs. 2/- each of the Company for the Financial Year 2024-25. This includes a special dividend of Rs. 6/- per share to celebrate 25 years of the Company's public listing.

HCL Tech further said the Record date for the payment of the aforesaid interim dividend shall be January 17, 2025, and the payment date of the said interim dividend shall be January 24, 2025.

HCL Technologies Dividends History:

Last year, for FY25, HCL Tech delivered a third interim dividend of Rs 12 per share and its ex-date was on October 22. While the second interim dividend was Rs 12 per share too, with an ex-date on July 23. Lastly, the first interim dividend of Rs 18 per share had an ex-date of May 7 2024.

The fourth interim dividend will be the first dividend payout in 2025.

HCL Tech has delivered up to 91 dividends since September 2000, as per Trendlyne data. Its current dividend yield is at 2.71%.

HCL Technologies Q3 Results:

The Shiv Nadar-backed company has reported 8.4% QoQ and 5.5% YoY growth in consolidated net profit to Rs 4,591 crore in the third quarter of FY25. In Q3, the tech giant's consolidated revenue came in at Rs 29,890 crore, registering growth of 3.6% QoQ and 5.1% YoY. The performance is broadly in line with estimates.

For the full year fiscal FY25, HCL Tech is predicting revenue growth in the range of 4.5% - 5.0% YoY in CC, while Services Revenue growth is expected to be between 4.5% - 5.0% YoY in CC. Also, EBIT margin is forecasted to be between 18.0% - 19.0%.

HCL Technologies Share Price:

HCL Tech declared its Q3 results after market hours. On January 13, HCL Tech's share price closed at Rs 1985.25 apiece, down by Rs 10.35 or 0.52%. The market cap is at Rs 5,38,730.36 crore on BSE.