HCL Tech dividend: IT major’s stock trades ex-date

HCL Tech dividend record date: HCL Technologies shares were in focus on Friday, October 20 as the stock traded ex-dividend. The stock declined by as much as 1.7 per cent to touch the day's low of Rs 1,245.45 on NSE. Earlier, HCL Tech—the country's third largest IT firm by market value—announced an interim dividend of Rs 12 of the face value of Rs 2 per equity share, translating to a 600 per cent payout for its shareholders for the current financial year. 

HCL Tech dividend record date 

The Noida-headquartered firm has fixed October 20 as the record date for the interim dividend. 

HCL Tech dividend payment date  

HCL Tech has fixed the payment date, for the interim dividend as October 31. 

HCL Tech dividend history 

As per stock research portal Trendlyne, HCL Tech has declared 87 dividends since September 25, 2000. The company has declared an equity dividend amounting to Rs 38 per share, in the past 12 months. At the current market price, HCL tech's dividend yield stands at 3 per cent. 

HCL Tech Q2 results 

HCL Technologies (HCLTECH) reported an 8.4 per cent sequential decline in consolidated net profit to Rs 3,832 crore and revenue growth of 1.4 per cent to Rs 26,672 crore for the second quarter of the current financial year.  

According to Zee Business research, the IT firm's quarterly net profit was pegged at Rs 3,800 crore and revenue at Rs 27,000 crore.  HCLTech trimmed its full-year outlook for revenue growth, signalling near-term weakness in spending as its clients remained cautious due to uncertain demand and a challenging macroeconomic environment. Read more on HCL Tech Q2 results 

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