HCL Tech announces third interim dividend of Rs10 per share; stock climbs ~3%

13 Oct 2022 , 11:09 AM

While announcing its quarterly results for the September quarter, HCL Technologies declared an interim dividend of Rs10 per share of Rs2 face value for FY2023.

In addition, the board established October 20 as the record date for assessing shareholders’ eligibility for the dividend. So, the ex-date, which is normally a day before the record date, is October 19.

The company expects to pay the dividend on November 2, 2022.

This is the company’s third interim dividend for the current fiscal year. The firm declared a first interim dividend of 900% (Rs19 per share) for FY23, followed by a second interim dividend of 500% (Rs10 per share).

In FY22, the company declared a total dividend of 2100% totalling to Rs42 per share, resulting in a dividend yield of 4.41% based on the current share price of Rs952.

At around 11.11 AM, HCL Technologies was trading at Rs980.40 up by 3.02% from its previous closing of Rs951.65 on the BSE. The scrip opened at Rs975 and touched intraday high and low of Rs987.75 and Rs969.40 respectively.

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