1 Stock Split, 3 Bonus Issues, 88 Dividends: Large Cap IT Co To Consider Dividend For FY24-25

Large cap IT Software HCL Technologies Ltd shares settled in red on BSE with the decline of 0.77% to Rs 1586.65 per share. The company issued a BSE filing on March 20 informing about its upcoming meeting of Board to be held on April 25 and April 26 to consider financial results and interim dividend for financial year 2024-24.

HCL Technologies shares offered return of 23% in last 6-months and gained 45% in last 1-year. The large cap IT company declared 88 dividends since 2000, offered 3 bonus issues, and undertook 1 stock split in the ratio of 1:2. Check details below:

HCL Technologies To Consider Dividend: As per the regulatory filing of the company dated March 20, "We would like to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on April 25 & 26, 2024 to consider amongst others:
1) Audited Financial Results of the Company for the financial year ending March 31, 2024.
2) Payment of Interim dividend for the financial year 2024-25.
The items relating to the financial results and the payment of interim dividend shall be considered by the Board on April 26, 2024."

HCL Technologies Shares Performance & Return: The 52-week high price of HCL Technologies share on BSE is Rs 1696.50 per share and 52-week low price is Rs 1016.45 per share, respectively. The company has a market capitalisation of Rs 4,30,563.67 crore. HCL Technologies shares declined 2.74% in last 1-week, fell 4.5% in last 1-month, gave return of 33% in last 2-years, and surged 65% in last 3-years. In last 5-years, HCL Technologies stock surged 205%.
In last 10-years, HCL Technologies shares gave return of 350%.

HCL Technologies Financials: The IT giant on January 12, 2024 declared a surge of 6.23% in its Q3 net profit to Rs 4351 crore as against Rs 4096 crore in the corresponding quarter of last year. The company's total income soared to Rs 28,816 crore for Q3 FY2024 as compared to Rs 26,960 crore in the similar quarter of last year. When it came to FY24 guidance, the company said its revenue growth may range between 5% and 5.5% on a year-on-year (YoY) basis.

HCL Technologies Dividend History: HCL Technologies announced 88 dividends since September 25, 2000. In last 12 months, HCL Technologies announced an equity dividend amounting to Rs 52.00 per share. At the current share price of Rs 1586.65, HCL Technologies has a dividend yield of 3.28%.

HCL Technologies Bonus History: HCL Technologies announced 3 bonus issues since March 15, 2007. The last Bonus that HCL Technologies declared was in the ratio 1:1 with ex-date of Dec. 5, 2019.

HCL Technologies Stock Split History: HCL Technologies Ltd. has split the face value 1 time since Nov. 27, 2000. HCL Technologies Ltd. had last split the face value of its shares from Rs 4 to Rs 2 in 2000.The share has been quoting on an ex-split basis from November 27, 2000.

About: HCLTech is a global technology company, home to more than 224,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products.

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