Tech Mahindra dividend 2024: Board announces Rs 28/share payout—check out payment date

Tech Mahindra dividend 2024: Pune-headquartered Tech Mahindra, the country's sixth largest IT firm by market value, on Thursday, April 25 announced a final dividend of Rs 28 per equity share of the face value of Rs 5 each, i.e., a 560 per cent payout, subject to the approval at the forthcoming Annual General Meeting (AGM).

The IT major's regulatory filing said," Recommended Final Dividend of Rs. 28/- per equity share of the face value of Rs. 5/- each (560%) for the financial year ended 31st March, 2024, subject to the Members’ approval at the forthcoming Annual General Meeting (“AGM”) of the Company."

Tech Mahindra dividend payment date 2024

As per the company's communiqué, the final dividend if approved shall be paid on or before, August 9, 2024. 

"The Final Dividend, if approved, will be paid on or before, 9th August 2024. This dividend is in addition to Interim Dividend of Rs. 12/- per equity share paid by the Company in November 2023. The total dividend for FY 2023-24 will be Rs. 40/- per equity share on par value of Rs. 5/- each i.e. 800%.," it said. 

Tech Mahindra Q4 Results

Tech Mahindra posted a consolidated net profit of Rs 661 crore for the January-March period, up 29.5 per cent on a quarter-on-quarter basis. The quarterly net profit, however, fell short of analysts' expectations. 

Read more on Tech Mahindra Q4 Results

Tech Mahindra dividend history

Here's the summary of dividends declared by the company in the past:

Source: BSE

For all other news related to business, politics, tech and auto, visit Zeebiz.com.