HCL Tech Q1 Results: Board Approves Interim Dividend Of Rs 10 Per Share, Record Date Fixed

The Board of HCL Technologies Ltd has declared an interim dividend of Rs 10 per equity share and fixed the record date for the same. The record date is July 20, 2022.

The board of directors in their BSE filing today said, "The Board of Directors has declared an Interim Dividend of Rs.10/- per equity share of Rs.2/- each of the Company for the Financial Year 2022-23. The Record date of July 20, 2022, fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The Payment date of the said interim dividend shall be August 2, 2022."

Earlier, the stock of HCL Technologies Ltd. has declined 1.67% today to close at Rs 927.80 apiece. The company is expected to consider an interim dividend payout and its April-June FY2023 earnings today. The market capitalization of HCL is Rs 2,51,773 crore.

Earlier HCL Technologies has declared an equity dividend of 2100.00% equivalent to Rs 42 per share for the year ending March 2022. The dividend yield is 4.53% if the current share price of Rs 927.80 is taken into consideration. HCL has a good dividend history and has declared dividend regularly for the last 5 years.