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Multibagger IT Software Stock Paying 3000% Final Dividend Will Turn Ex-Dividend Next Week

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Global technology consulting and digital solutions Company Larsen & Toubro Infotech Ltd. has already declared a equity dividend of 3000% amounting to Rs 30 per share on April 19, 2022.

 
Multibagger IT Software Stock Paying 3000% Final Dividend Will Turn Ex-Dividend

The board of directors of the company stated in their BSE filing, "The Board of Directors at their meeting held today, have recommended a final dividend of Rs. 30/- per equity share of Re.1.00/- each, for approval of the shareholders. The ex-dividend date is June 30 i.e. on Thursday. The company has also announced the record date i.e. July 1, 2022 that falls on Friday.

Dividend History: The company has a strong dividend track record and regularly declared dividend in the last 5 years without fail. The company has a dividend yield of 1.36% if the current share price of 4033 is taken into consideration. For the year ending March 2022, the company declared an equity dividend of 5500% amounting to Rs 55 per share.

Last year on October 7, 2021, the company declared an interim dividend of 1500% amounting to Rs 15 per share along with a special dividend of 1000% amounting to Rs 10 per share.

Multibagger Return: The stock has given a 414.61% return in the last 5 years and 0.59% return in one month.

Stock Outlook: The current market price of the stock is Rs 4033 apiece and its 52-week high is Rs 7588 apiece and 52-week low is Rs 3733 apiece. The company has been effectively using its capital generate profit. Recently, brokers have also upgraded their recommendation for the stock.

Q4 Report: L&T Infotech declared a consolidated net profit of ₹637 crore for the January-March period, up 17% when compared with ₹545 crore in the similar period of previous fiscal.

 

LTI is a global technology consulting and digital solutions Company helping more than 485 clients succeed in a converging world. With operations in 33 countries, it goes the extra mile for its clients and accelerate their digital transformation journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, its unique heritage gives unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries, according to its website.

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