HCL Tech announces record date for dividend payment in 2024 – Here are the details

HCL Technologies, a leading Indian IT company known for its generous dividends, is set to reward its shareholders once again. The company has announced that it will be paying out dividends to its eligible shareholders, with the record date set for May 7, 2024.

At the current market price, HCL Technologies stock has a dividend yield of 3.59 per cent, making it an attractive option for investors looking for steady returns. The company has a history of paying out dividends regularly, with the last interim dividend being paid in January 2024.

In addition to the dividend announcement, HCL Tech will also be releasing its quarterly results for the fourth quarter of the financial year 2024. The Board of Directors will meet on April 26 and 27 to consider the payment of interim dividends for the upcoming financial year.

Shares of HCL Tech will turn ex-dividend on May 5, 2024, meaning that shareholders who own the stock before or on that date will be eligible to receive the dividend. The company’s strong performance in the market, with a return of 14.23 percent in the last six months and 39.49 percent in the last year, has made it a favorite among investors.

With a market cap of Rs 3,92,911.57 crore as of April 20, HCL Technologies continues to be a key player in the Indian IT sector. Investors are eagerly awaiting the upcoming dividend announcement and quarterly results, which are expected to further boost the company’s standing in the market.