Rs 18/Share Dividend: IT Stock Fixes June 21 As Record Dates, Shares Rise 142.71% In 2-Yrs

Mid cap IT software firm Cyient Limited shares gained 1.26% to Rs 1907.45 per share. The company today fixed June 21 as record date for final dividend of Rs 18 per equity share on par value of Rs 5.00 per share for FY ended March 31, 2024. Cyient Limited shares offered attractive return of 142.7% in last 2-years and 30% in last 1-year. The company's market capitalisation stood at Rs 21,156.67 crore. Check details below:

Cyient Sets Record Date For Dividend: As per the BSE filing of Cyient issued as on June 13, 2024, "This is to inform that 21 June 2024 is fixed as the cut-off date for the purpose of final dividend and evoting in connection with the Annual General Meeting of the Company scheduled to be held on 1 July 2024. It is further informed that the board of directors of the company have recommended a Final dividend of Rs 18.00 per equity share (360%) on par value of Rs 5.00 per share for the financial year ended 31 March 2024 to those members as on record date (21 June 2024) subject to the approval of members at the ensuing Annual General Meeting of the company. The dividend will be paid within 30 days from the date of AGM."

Cyient Dividend History: Cyient declared 39 dividends since August 11, 2000. In last 1-year, Cyient announced an equity dividend amounting to Rs 12.00 per share. At the current share price of Rs 1907.45 per share, Cyient offers a dividend yield of 0.63%.

Cyient Limited Stock Performance & Return: The stock's 52-week high price is Rs 2457.00 per share (as on 22/12/2023) and 52-week low price is Rs 1386.00 per share (as on 10/07/2023), respectively. Cyient shares jumped 10% in last 2-weeks, fell 16% year-to-date, soared 134% in last 3-years, and gave return of 242% in last 5-years. In last 10-years, Cyient stock offered return of 485%.

Cyient Financials: The company on April 25 declared a surge of 28.5% quarter-on-quarter (QoQ) in its net profit to Rs 196.9 crore for Q4 ended March 31, 2024. The company for the December quarter declared its net profit at Rs 153.2 crore, according to its BSE filing. The company's revenue from operations soared 2.2% to Rs 1860.8 crore for the quarter ended March 31, 2024 as against Rs 1821.4 crore in the third quarter. EBIT surged 3.1% to Rs 268.1 crore, at the operating level, for Q4 as compared to Rs 260 crore in the Q3 of this fiscal. EBIT margin stood at 16.9% for the quarter under review as against 21.5% in the previous quarter.

Cyient About: Cyient is a global Engineering and Technology solutions company. It collaborates with its customers to design digital enterprises, build intelligent products and platforms and solve sustainability challenges.

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