Tech Mahindra Interim Dividend 2022: Check record date, ex-date | Tech Mahindra share price dividend history, share price NSE

Tech Mahindra Interim Dividend 2022: Check Record Date, Ex-Date: Tech Mahindra, NSE: TECHM, has announced the record date for the payment of interim dividend. According to an exchange filing, the company's Board of Directors will consider the proposal for payment of interim dividends for the financial year 2022-23 during the scheduled meeting on October 31 and November 1, 2022.

"The payment of Interim Dividend will be considered by the Board on 1st November, 2022," the company said in the filing. 

Tech Mahindra Dividend 2022 Record Date

Tech Mahindra, which is a USD 6 billion organisation, has fixed November 10 as the record date for the payment of interim dividend, if approved by the board. 

"Further pursuant to Regulation 42(2) the Company has fixed 10th November, 2022 as the record date for determining the members entitled to receive the Interim dividend, if approved by the Board," the company said. 

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Tech Mahindra Dividend Ex-Date

Tech Mahindra shares dividend ex-date will be November 9. For the uninitiated, an ex-date is a business day prior to the record date. This is the date when stock is traded without the adjustment of the declared dividend. Simply saying, this is the date that helps companies to identify investors who will be eligible for the dividend. 

In order to be eligible for the dividend, an investor has to buy shares of the company before the ex-date. This is done to make sure that shares are credited to the Demat account of the investors before the record date. 

Tech Mahindra Dividend History

Tech Mahindra paid a 900 per cent dividend in the last financial year. The company in the past 12 months, declared an equity dividend, which amounted to Rs 45 per share.

Tech Mahindra share price 

Share of Tech Mahindra quoted a price of Rs 1,075 at around 3:15 pm on Thursday. Its previous close was Rs 1,082.50 and declined by 0.66 per cent today. The IT stock has given a negative return of 39.72 per cent in year-to-date (YTD) time. The counter hit its 52-week high of Rs 1837.75 apiece on BSE on December 30, 2021 and a 52-week low of Rs 944.10 on June 17, 2022. 

Tech Mahindra is part of Mahindra Group, which was founded in 1945. Mahindra Group is one of the largest multinational federation of companies with over 2,60,000 employees in over 100 countries.