Large Cap Construction Stock Sets Record Date For Special Dividend, To Consider Share Buyback

Large cap company operating in construction sector, Larsen & Toubro Ltd on July 20, 2023 fixed August 2, 2023 as the record date for special dividend. The company will also consider a proposal for buyback of equity shares of the company in the upcoming meeting scheduled to take place on July 25, 2023. Larsen & Toubro declared final dividend of Rs 24.00 per share and its record date is August 2 as well. Check details below:

Larsen & Toubro Sets Record Date For Special Dividend: According to the BSE filing of Larsen & Toubro dated July 20, "Special Dividend on equity shares for the financial year 2023-24. If approved, the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend shall be Wednesday, August 2, 2023."

Larsen & Toubro Fixes Record Date For Share Buyback: As per the BSE filing of the company, "Buyback of equity shares of the Company in accordance with the provisions of the Companies Act, 2013 and SEBI (Buyback of Securities) Regulations 2018."

Larsen & Toubro Final Dividend Record Date: The company earlier on June 7, 2023 fixed August 2, 2023 as the record date for final dividend of Rs 24.00 per share of the face value of Rs 2/- each for the year ended March 31, 2023. According to the regulatory filing, "We wish to inform you that the Company has fixed Wednesday,2nd August 2023 as the Record Date to determine the Members entitled to receive the proposed Final Dividend of Rs. 24.00 per share of the face value Rs. 2/- each for the year ended 31st March 2023."

Larsen & Toubro Stock Performance & Return: Last trading price of Larsen & Toubro share is Rs 2489.60 per share. Its 52-week high price is Rs 2503.00 per share and 52-week low price is Rs 1715 per share, respectively. Larsen & Toubro stock delivered return of 19% YTD, soared 43% in last 1-year, gave return of 170% in last 3-years.

Larsen & Toubro Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 59,076.06 crore, up 25.31% as against last quarter total income of Rs 47,144.75 crore. It announced its recent quarter net profit after tax at Rs 4,446.74 crore.

Disclaimer: The stock highlights the dividend and share buyback and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.