Highlights of the Dividend Declaration:
- Wipro has announced an interim dividend of ₹1 per share.
- The record date for the dividend is January 25, 2023.
- The payment of the interim dividend will be made on or before February 10, 2023.
- The company will determine eligible shareholders for the dividend payout on the record date.
- Wipro shares will turn ex-dividend on January 24 ahead of the record date.
Details of the Dividend Declaration:
Wipro Ltd, an IT major, announced an interim dividend of ₹1 per share. The record date for this dividend has been set for January 25, 2023, and the payment will be made on or before February 10, 2023.
The company stated in its regulatory filing that the interim dividend of Rs. 1/- per equity share of par value Rs. 2/- each will be paid to members of the company as of January 25, 2023. The payment of the interim dividend will be made on or before February 10, 2023.
On the record date, Wipro will determine which shareholders are eligible for the dividend payout. Wipro shares will become ex-dividend on January 24th, prior to the record date.
For the fiscal year ending March 2022, Wipro has declared an equity dividend of 300.00 per cent, which amounts to ₹6 per share. At the current share price, this results in a dividend yield of 1.52 per cent.
IT giant TCS announced the declaration of a third interim dividend of ₹75 per share, which includes a special dividend of ₹67 per share for FY23. The record date for this dividend has been set for January 17, 2023, and the payment will be made on February 3, 2023.
HCL Tech announced a fourth interim dividend of ₹10 per equity share while announcing results for December 2022 quarter. The record date for the fourth interim dividend is fixed on January 20th. On the record date, the company will determine eligible shareholders for the dividend payout. HCL Tech shares will turn ex-dividend on January 19th, prior to the record date.
Wipro’s net profit increased by 2.82 per cent to ₹3,052.9 crore in the quarter ending December 2022, compared to Rs2,972.3 crore in the corresponding quarter of the previous fiscal year. The revenue from operations stood at ₹23,229 crore, an increase of 14.35 percent from ₹20,313.6 crore in the corresponding quarter.
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