HCLTech is buzzing on Dalal Street, with investors eyeing its Rs 18 per share dividend. Today marks the final chance to buy HCLTech shares to qualify for this lucrative payout, as the record date is set for January 17.

Breakdown of the Rs 18 dividend

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The dividend consists of a Rs 12 interim payout and a Rs 6 special dividend, commemorating the 25th anniversary of HCLTech's public listing. Eligible shareholders can expect the payout to hit their accounts on January 24, making it an attractive proposition for dividend seekers.

T+1 settlement system rules in play

Under the T+1 settlement system, investors must purchase shares at least one trading day before the ex-dividend date to be eligible. This ensures that shares bought today qualify for the dividend payout, making timing crucial for those aiming to maximize gains.

Financial performance supports optimism

HCLTech’s third-quarter results, announced on January 13, bolstered market sentiment. The IT giant reported a 6 per cent year-over-year rise in consolidated net profit, reaching Rs 4,591 crore. Revenue grew 5 per cent to Rs 29,890 crore, reaffirming its steady performance amidst a competitive landscape.

Stock’s strong track record

HCLTech shares have delivered impressive returns, climbing 18.5 per cent over the past year and over 36 per cent in three years. Analysts maintain a cautiously optimistic outlook, with a consensus target price of Rs 1,932 per share, according to Trendlyne data.

Analyst recommendations and future prospects

Out of 42 analysts tracking HCLTech, 20 recommend a “buy,” 16 suggest holding, and six advise selling. Despite the mixed views, the stock remains a favourite for dividend-focused investors, given its consistent payouts and robust financials.

What’s next for HCLTech?

As the company celebrates its silver jubilee in the markets, its blend of solid fundamentals and shareholder-friendly policies ensures HCLTech remains a compelling story in the Indian IT space. Investors looking for steady returns and dividends should not miss this opportunity.