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This Top IT Company To Pay 300% Final Dividend And 300% Special Dividend

It is important for shareholders to check the dividend policy of the company. If a company has a good dividend policy, it reflects the company's financial strength and value.

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It is important for shareholders to check the dividend policy of the company. If a company has a good dividend policy, it reflects the company's financial strength and value. It can also create strong goodwill among shareholders and push demand for stocks. Tech Mahindra is one such company that has a stable dividend policy. The company has announced 300% final dividend and 300% special dividend. Let us find more below:

 

1. Tech Mahindra Declares 300% Final Dividend, 300% Special Dividend

1. Tech Mahindra Declares 300% Final Dividend, 300% Special Dividend

The board of directors of Tech Mahindra in the filing dated May 13, 2022 said, "The Board of Directors have recommended a Final dividend of Rs. 15/- per share and a special dividend of Rs 15/- per share on par value of Rs.5/- (600%) for the financial year ended 31ST March, 2022, subject to approval from the members of the Company at the forthcoming Annual General Meeting. The Final dividend, if approved, will be paid by 9 August, 2022. This dividend is in addition to Special Dividend of Rs.15/- per share paid as interim dividend in November 2021. The total dividend for FY 2021-22 will be Rs. 45/- per share on par value of Rs.5/- (900%)."

Ex-dividend Date: The ex-dividend date is 21 July, 2022.

2. Stock Outlook of Tech Mahindra
 

2. Stock Outlook of Tech Mahindra

The current market price of Tech Mahindra stock is Rs 1027.90 apiece on NSE. The stock is priced at Rs 1028.15 apiece on BSE. The stock has touched its 52-week high of Rs 1837 apiece and 52-week low of Rs 1020.50.

The P/E of the stock is 17.97 which is lesser than the sector P/E of 28.30, a positive aspect for investors. The EPS is 57.24. The stock has given a negative return of 14.58% in one month, 29.56% negative return in 3 months, 3.69% negative return in 1 year, and 163% return in 5 years.

3. Dividend history of Tech Mahindra Ltd

3. Dividend history of Tech Mahindra Ltd

It has a good dividend history and has regularly declared dividend in the last 5 years. The company has declared dividend 23 times since 2007. And, Tech Mahindra has declared a 900% equity dividend for the year ending March 2022 i.e. Rs 45 per share, which is a solid dividend. If the current market price of the stock is taken into consideration, the dividend yield is 4.37%.

4. About Tech Mahindra Company

4. About Tech Mahindra Company

The current market capitalization of Tech Mahindra is Rs 99,780 core at the time of writing the report. The company has a high TTM EPS Growth. Brokers have also upgraded their recommendations for the stock. Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates and the society to Rise.

It is a USD 6 billion organization with 151,100+ professionals across 90 countries helping 1224 global customers, including Fortune 500 companies, according its official website.

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