Rs 40/Share Dividend: IT Stock To Go Ex-Dividend Next Week, Hits New 52-Week High

Shares of large cap company operating in IT Software sector, LTIMindtree Ltd on July 5, 2023 hit new 52-week high. The stock witnessed spurt in volume by over 2 times today. LTIMindtree shares will trade ex-dividend on July 10, 2023 for final dividend of Rs 40/- per equity share of Re 1 each. Check details below:

LTIMindtree Stock Hits New 52-Week High: Current market price of LTIMindtree share is Rs 5265.10 per share with intraday gain of 0.20% on BSE. The stock opened at Rs 5373.05 per share, hit day's high of Rs 5425.00 and day's low of Rs 5225.00 per share respectively in trade on Wednesday till 12:40 pm. The stock hit its new 52-week high price of Rs 5425.00 per share on Wednesday. The stock's 52-week low price is Rs 3834.00 per share, respectively. Its market capitalisation is Rs 1,55,931.58 crore.

LTIMindtree Shares To Trade Ex-Dividend: The board of directors of LTIMindtree on June 14, 2023 fixed Monday, July 10, 2023 as the record date for final dividend. The company on April 27, 2023 recommended a final dividend of Rs. 40/- per equity share of Re. 1 each, for approval of the shareholders.

Dividend Yield: If the current share price of Rs 5265.10 is taken into consideration, LTIMindtree offers a dividend yield of 1.14%.

LTIMindtree Return Over Years: In last 6-months, LTIMindtree stock delivered return of 24%, offered 33% return in last 1-year, rallied 30% in last 2-years, and gave return of 166% in last 3-years. LTIMindtree shares gave maximum return of 219% in last 5-years.

LTIMindtree Financial Outlook: The company for the quarter ended March 31, 2023 announced its consolidated total income at Rs 8757.40 crore, down .16% from previous quarter total income of Rs 8771.80 crore. The company declared its latest quarter net profit after tax at Rs 1114.10 crore.

LTIMindtree About: LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world, according to its official website.

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