Rs 28/share Dividend Stock: Larsen & Toubro shares trade ex-dividend

L&T Dividend 2024 Record Date, Rs 28/share Dividend Stock: Mumbai-headquartered construction major Larsen & Toubro (L&T) shares are set to turn ex-dividend today, June 20. Earlier, the firm announced a final dividend of Rs 28 per equity share for FY24.

"The Board of Directors has recommended a final dividend of Rs.28/- per share of the face value Rs. 2/- each (in addition to the special dividend of Rs. 6 per share paid in August 2023) for the financial year ended March 31, 2024 (previous year final dividend Rs. 24/- per share). The Company will arrange to pay the proposed Final Dividend after approval of the shareholders in the ensuing annual general meeting," the private sector infrastructure giant said in a filing dated May 8, 2024.

The tech company has also announced a record date i.e. June 20, 2024. 

How did Larsen & Toubro fare in Q4?

Larsen & Toubro (L&T) posted a 10.2 per cent increase in consolidated net profit at Rs 4,396.12 crore in the March 2024 quarter on the back of higher income.

What does Larsen & Toubro do?

Larsen & Toubro is an Indian multinational engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing and services. It operates in over 50 countries.

In addition, eMudhra, MITCON Consultancy & Engineering Services shares also traded ex-date, as per data available on NSE. 

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