This L&T Group Company To Soon Pay 3000% Final Dividend, Record Date Announced

Updated: Saturday, June 18, 2022, 21:32 [IST]

The fall of the stock market continues this month. Concerns about inflation, rising interest rates, and geopolitical situations, among other things, have caused the market to fall. However, fear should not cause you to completely disregard the stock market.

Dividend stocks are the way to go if you want to earn consistent income even in a volatile market. The L&T Group Stock has maintained a good track record of constant dividend payout. A track record of consistently paying and increasing dividends indicates a stable company, implying consistent income in the form of dividends.

Larson & Toubro Infotech Ltd Declared Final Dividend

Larson & Toubro Infotech in its filing to BSE on 19 April 2022, has stated, "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. If approved by the shareholders, the final dividend shall be paid within thirty days from the conclusion of the Annual General Meeting ('AGM'). Record date for the purpose of determining shareholders eligible to receive dividend, shall be intimated in due course."

Ex-Dividend & Record Date: The Investors should note that the ex-dividend date is 30th June 2022, and the announced record date is 1 July 2022, a day after the ex-dividend date.

Larson & Toubro Infotech Stock Overview - CMP and Performance

On Friday, 17 June 2022, the stock of the company closed at Rs 4003.30 per share on BSE. The stock touched the 52-week high of Rs 7,588.80 per share and the 52-week low of Rs 3733.30 per share on NSE. The CMP is Rs 3,585.5 below the 52-week high levels, trading only Rs 270 above the 52-week low levels.

Market volatility has severely affected the share price of the company. In the last 1 year, the share price has witnessed a downfall of 4%. however, the share price has witnessed the most fall in the last 3-month investment tenure almost 34.52%. It gave positive returns of 126.53% in 3 years, and 397.95% in 5 years, respectively. Data shows, the stock performed well in long-term investment and gave positive returns.

Larson & Toubro Infotech Ltd Dividend History

Larson & Toubro Infotech's dividend is history good, as the company maintains a good dividend payout. So far, the company has declared 13 dividends, out of which 6 are interim dividends, 6 are final dividends, and 1 special dividend. The company has consistently declared dividends for the last 5 years.

Larson & Toubro Infotech for the year ending March 2022 has declared an equity final dividend of 5500% i.e. to Rs 55 per share. According to the Current Share Price (CMP) of Rs 4003.30 per share, it will give a result in a dividend yield of 1.37%.

Company Overview - Larson & Toubro Infotech Ltd

Larsen & Toubro Infotech Ltd (LTI) was Founded in 1997, is a subsidiary of Larsen & Toubro Limited. LTI is a global technology consulting and digital solutions Company helping more than 485 clients with a team of more than 45,000 members. . It provides the winning edge to the clients by leveraging Business-to-IT Connect and deeply committed people. LTI has a global presence in 33 countries which includes 23 software development centres and 44 sales offices.

Disclaimer

The information is sourced from NSE & BSE. 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.