HCL Tech Divdend & Q1 Results Announced

HCL Technologies has also announced its Q1 results after TCS. And also announced an interim dividend payout of Rs 12 per share, fourth dividend in last one year. Let's see if you should become a shareholder in this company or not.
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Image from Business Standards

HCL Tech has posted a jump of 20.45 per cent your-on-year in its net profit to Rs 4,257 crore for June 2024 quarter one.

HCL Technologies on Friday announced an interiom dividend of RS 12 per equity share for the financial year 2024-25. Its record date has been fixed as July 23, 2024.

The board of directors has declared an interim dividend of Rs 12 per equity share of Rs 2 face value for the financial year 2024-25, HCL Technologies said in a BSE Filing on July 12. The record date of JULY 23, 2024, fixed for the payment of the aforesaid interim dividend which has been confirmed by the Board of Directors.

The Payment date of the said interim dividend shall be August 1, 2024, it added.

The record date serves as a crutial checkpoint for determining who qualifies to receive the dividend. To be eligible for getting the dividend, your name must be registered as a shareholder in HCL Technologies by the close of business on May 7, 2024.

HCL Timeline of Announcing the Dividend

The company has a history of rewarding shareholder with consistent dividends. Here’s a quick glimpse at their recent dividend payouts:

  1. April 26th, 2024: Announcement of an interim dividend of Rs 18 per share on the ending of financial year 2022-23. 
  2. February 14th, 2024: Final dividend of Rs 22 per share for the year ending December 31st, 2023.
  3. August 10th, 2023: Interim dividend of Rs 18 per share after Q2.

HCL Tech Gives Dividends Often But Research Before Investing!

While the interim dividend is certainly a positive sign for income oriented investors, it is important to consider a broader perspective before adding HCL Tech to your portfolio. Here are some additional factors to you should ask yourself before investing:

  1. Company Performance: HCL Technologies overall financial healthy profitability and future growth prospects should be evaluated. Analysing their recent financial reports, business outlook and guidance for the upcoming fiscal year can provide valuable insights.
  2. Growth Potential: While dividend are a source of income, consider the company’s future growth plans. A growing company can potentially appreciate in share price alongside its dividend payouts.
  3. Valuation: Is the current share price a fair reflection of HCL Technologies intrinsic value? Analysing various valuation metrics can help you make a informed decision.

Conclusion

HCL Technologies is a very reputed IT firm and is operating for a very long time but still you must need to analyse company’s fundamentals before investing your hard earned money in a company. 

Read more about RBI to pay massive dividend of Rs 2.11 lakh crore to Govt

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