IT Stock Dividend 2024: IT Co To Mull Dividend, Record Date Set; Buy For TP Rs 1650

Large cap IT Software HCL Technologies Ltd shares declined 0.93% to Rs 1430.80 per share on Friday. HCL Technologies shares offered declined over 14% in last 3-months and gave return of more than 25% in last 1-year. HCL Technologies today informed about its upcoming meeting of Board of Directors scheduled to be held as on July 12, 2024 to consider financial results for the quarter ended June 30, 2024 and second interim dividend for the FY 2024-25. The company fixed July 23, 2024 as the record date for interim dividend. The company has a market capitalisation of Rs 3,88,271.20 crore. The large cap IT company declared 89 dividends since 2000, offered 3 bonus issues, and carried out stock split once in the ratio of 1:2. Brokerage firm HDFC Securities has recommended buy call for HCL Technologies with target price of Rs 1650 per share. Check details below:

HCL Technologies To Consider Financial Results, Dividend: As per the regulatory filing of HCL Technologies dated June 15, 2024, "We would like to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, July 12, 2024 to consider amongst others:

1) Un- audited Financial Results of the Company for quarter ending June 30, 2024.

2) Payment of 2nd Interim dividend for the financial year 2024-25.

HCL Technologies Sets Record Date For Interim Dividend: As per the exchange filing of the company issued on June 15, "The Record Date for determining the entitlement of the shareholders for the payment of the aforesaid interim dividend shall be July 23, 2024, subject to the approval of the interim dividend by the Board of Directors."

HCL Technologies Dividend History: HCL Technologies announced 89 dividends since September 25, 2000. In last 1-year, HCL Technologies announced an equity dividend amounting to Rs 52.00 per share. At the current share price of Rs 1430.80 per share, HCL Technologies offers a dividend yield of 3.63%.

HCL Technologies Shares Performance & Return: The 52-week high price of HCL Technologies share on BSE is Rs 1696.50 per share (as on 23/02/2024) and 52-week low price is Rs 1016.45 per share (as on 1087.75 per share (as on 13/07/2023), respectively. HCL Technologies shares slipped over 3% year-to-date, gave return of 44% in last 2-years, and surged 163% in last 5-years. In last 10-years, HCL Technologies shares soared 298%.

HCL Technologies Bonus History: HCL Technologies announced 3 bonus issues since March 15, 2007. The last Bonus that HCL Technologies declared was in the ratio 1:1 with ex-date of Dec. 5, 2019.

HCL Technologies Stock Split History: HCL Technologies Ltd. has split the face value 1 time since Nov. 27, 2000. HCL Technologies Ltd. had last split the face value of its shares from Rs 4 to Rs 2 in 2000.The share has been quoting on an ex-split basis from November 27, 2000.

About: HCLTech is a global technology company, home to more than 224,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products.

Disclaimer:

The stock has been picked from the brokerage report of HDFC Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.