Dividend Stock: This smallcap IT company fixes ex-date, record date and payment date

Hinduja Global Dividend 2023: Hinduja Global Solutions – an IT service management company – announced a third interim dividend to its shareholders for the financial year 2022-23 (FY23).

“The Board of Directors at their meeting held on February 13, 2023, has declared a third Interim Dividend of Rs 2.50 per equity share for FY 2022-23,” Hinduja Global Solutions said in their filing.

Hinduja Global Solutions Dividend Payment Date

The said dividend of Rs.2.50 per share shall be paid to the eligible Members of the Company on or before March 15, 2023, the small-cap IT company also said in its regulatory filing.

Also Read: Smallcap stock zooms on strong results, Rs 15 per share dividend announcement; should you pick?

Hinduja Global Solutions Dividend Record Date

And, it added that “March 6, 2023, has been fixed as the record date for determining the members who will be entitled for the third Interim Dividend for FY 2022-23.”

What is Record Date and why it’s important?

The determination of record date is required to ascertain who exactly a company's shareholders are as of that date since shareholders of an actively traded stock are continually changing.

Also Read: 105% DIVIDEND STOCK: Suprajit Engineering fixes record date - check here

The shareholders of record as of the record date will be entitled to receive the dividend or distribution, declared by the company.

Hinduja Global Solutions Dividend History

Hinduja Global Solutions has declared 46 dividends since September 14, 2007, as per the stock analysis website Trendlyne.

In the past 12 months, the company has declared an equity dividend amounting to Rs 35 per share.

Also Read: 400% DIVIDEND STOCK: This beauty cream manufacturer fixes record date

Hinduja Global Solutions Q3 Results

The small-cap IT company reported a net profit of Rs 15.17 crore and a revenue of Rs 338.98 for the December quarter of the current fiscal, according to data available on the BSE.

Hinduja Global Solutions Share Price NSE

On Friday, the stock closed flat with a positive bias at Rs 1306.9 per share on the NSE.

The Hinduja Global Solutions shares in the last year has gained over 6 per cent as against around 6.5 per cent rise in the S&P BSE Sensex.