HCL Tech declares Rs 10/share dividend

IT major HCL Technologies' board declared a dividend of Rs 10 per share with a record date of July 20.

HCL Technologies' board on Wednesday declared a dividend of Rs 10 per share — a 500 per cent payout given the face value of Rs 2 per share. Noida-based HCL Tech — the country's third largest IT company by market capitalisation (mcap) — set July 20 as the record date for the payout, the first interim dividend for the current financial year.

When will the HCL Tech dividend be paid?

HCL Tech said the dividend will be paid on August 1, 2023.

What is a record date?

A record date is the date that determines the shareholders eligible to benefit from corporate action such as a dividend.

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HCL Tech Q1 results

HCL Technologies reported a net profit of Rs 3,534 crore for the quarter ended June 2023, marking a decline of 11.3 per cent compared with the previous three months. Its revenue shrank by 1.2 per cent sequentially to Rs 26,296 crore, according to a regulatory filing.

The company's top-line as well as the bottom-line fell short of analysts' estimates.

According to Zee Business research, HCL Tech was estimated to report a quarterly net profit of Rs 3,860 crore and revenue of Rs 26,750 crore. Read more on HCL Tech Q1 results

HCL Tech dividend history

The IT company has paid a host of dividends in the past. Here's a summary of its payouts in the last five years:

Dividend announcement date	Dividend ex-date	Dividend amount
17-03-2023	28-04-2023	18
16-12-2022	19-01-2023	10
12-10-2022	19-10-2022	10
04-07-2022	19-07-2022	10
01-04-2022	28-04-2022	18
24-12-2021	20-01-2022	10
15-09-2021	21-10-2021	10
07-07-2021	27-07-2021	6
13-04-2021	29-04-2021	6
14-04-2021	29-04-2021	10
15-01-2021	21-01-2021	4
28-09-2020	22-10-2020	4
07-05-2020	14-09-2020	2
03-07-2020	23-07-2020	2
20-12-2019	24-01-2020	2
30-09-2019	31-10-2019	2
24-07-2019	14-08-2019	2
23-04-2019	16-05-2019	2
15-01-2019	05-02-2019	2
12-10-2018	30-10-2018	2
13-07-2018	02-08-2018	2
18-04-2018	09-05-2018	2
08-01-2018	29-01-2018	2
16-10-2017	01-11-2017	2
17-07-2017	03-08-2017	2
11-05-2017	24-05-2017	6
13-01-2017	01-02-2017	6

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