Sanofi India & HCL Tech trade ex-dividend today

28 Apr 2023 , 01:02 AM

As the company’s stocks trade ex-dividend today, HCL Tech and Sanofi India are the two firms that are in the spotlight.

A dividend of Rs18 per equity share was issued by HCL Tech for the fiscal year that ended in March 2023. For deciding whether shareholders are eligible, the record date has been set as April 28.

The aforementioned interim dividend will be paid on May 9.

On the day of the record date or the day prior, shares of firms begin trading ex-dividend. A company’s stock does not carry the value of the upcoming dividend payment when it goes ex-dividend on a specific day.

HCL Technologies recorded a combined net profit for the three months ending in March of Rs 3,983 crore. This represents an increase of 11% over the Rs 3,593 crore recorded during the same time last year.

In comparison to the same period last year, operating revenue increased 18% to Rs 26,606 crore for the fourth quarter under review.

HCL Technologies has issued equity dividends totaling Rs 48 per share during the past 12 months, for a dividend yield of 4.49%.

Sanofi India has declared a second special dividend of 183 rupees per equity share and a final payout of 194 rupees per equity share for the fiscal year that ended on December 31, 2022.

Following the dividend declaration at the annual general meeting, which is scheduled for May 11, the company’s members will receive the final dividend and the second special dividend.

In the previous 12 months, Sanofi India’s dividend yield was 3.23%, and during that time, the company distributed a dividend of Rs 193 per share.

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