HCL Technologies among 21 stocks to trade ex-dividend on Tuesday. Last date to buy today
HCL Technologies, Data Patterns and Shriram Finance among a host of other companies are likely to remain in focus on Monday as they declared July 23 as the record date for the purpose of determining the eligible shareholders for the dividend payment.
This means that today is the last day to buy the shares of these companies in order to be able to qualify for the dividends announced.
HCL Technologies’ board will be paying out a dividend of Rs 12 per share to its eligible shareholders.
“The Board of Directors has declared an Interim Dividend of Rs. 12 /- per equity share of Rs. 2/- each of the Company for the Financial Year 2024-25. The Record date of July 23, 2024 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The payment date of the said interim dividend shall be August 1, 2024.” the company had announced via a filing to the exchanges while declaring its results for the quarter ended June 2024.
In the last one year, HCL Tech has declared 5 interim dividends, totaling Rs 66, in the last one year.
Shares of HCL Technologies closed flat at Rs 1,594.35 on BSE in the last trading session.
Dividends are paid to shareholders whose names appear in the company's database on the record date. After the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.
Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next
