Large Cap IT Stock Fixes Record Date For Dividend, Set To Consider Dividend In April

IT sector large-cap stock HCL Technologies Ltd has fixed the record date of the dividend for FY 2023-24. It has fixed April 28, 2023, as the "Record Date" for the dividend. The stock is set to consider the Dividend on April 19 & 20, 2023. On surged on Friday after the Board declared a record date for interim dividend. It recorded a market cap of Rs 2,96,020 Cr on 20 March 2023.

HCL Technologies's Stock Performance

The shares of HCL Technologies closed at Rs 1,090.85 apiece, down 1.59% as compared to the previous close of Rs 1,108.45 apiece. It recorded its 52 week high on 17 March 2022 at Rs 1,215 apiece and 52 week low on 15 July 2022 at Rs 877.35 apiece, respectively. The stock has fallen 0.71% in 1 week and 2.23% in the past 1 month, respectively. In the past 1 year, the stock has fallen 8.86%. In the past 3 years, it gained 145.195 and in 5 years it gained 132.79%, respectively.

Board Meeting to Consider Audited financial results, Fixes Record Date

The Board of Directors of HCL Technology Ltd. in their regulatory filing said, "We would like to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on April 19 & 20, 2023 to consider amongst others: 1) Audited Financial Results of the Company for the financial year ending March 31, 2023. 2) Payment of Interim dividend for the financial year 2023-24. The items relating to financial results and payment of Interim dividend shall be considered by the Board on April 20, 2023. The Record Date for determining the entitlement of the shareholders for the payment of the aforesaid interim dividend shall be April 28, 2023, subject to the approval of the interim dividend by the Board of Directors."

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