On October 22, 2024, HCL Technologies saw its shares trade ex-dividend, following the company’s declaration of an interim dividend of ₹12 per share for the financial year 2024-25. Investors looking to invest in stocks are focusing on HCL Tech due to its robust financial performance and consistent dividend payouts.
What is ex-dividend?
The term “ex-dividend” refers to a stock trading without the value of its next dividend payment. Investors who purchase shares on or after the ex-dividend date are not entitled to the upcoming dividend. For HCL Tech, this date is October 22, and the dividend will be paid to shareholders recorded by that date.
HCL’s shares closed at ₹1,842.50 on October 21, with a slight dip of 0.79%, but the company still maintains a solid market capitalisation of ₹4,99,992.79 crore. For those who invest in stocks with a long-term perspective, HCL Tech’s consistent performance makes it a compelling choice.
HCL Tech’s financial performance
HCL Technologies continues to show strong financial growth. For the half-year ending September 30, 2024, the company reported consolidated revenues of ₹56,919 crore, up from ₹52,968 crore in 2023. The company’s net profit also rose to ₹8,496 crore, reflecting a significant year-on-year increase from ₹7,364 crore.
This strong financial showing solidifies HCL’s position as a stable option for those seeking to invest in stocks within the tech industry. The company's focus on IT and business services, which contributed ₹42,449 crore to its revenue, further bolsters its appeal.
Why invest in HCL Tech?
Investors looking to invest in stocks may find HCL Tech particularly attractive due to its consistent dividend payouts and solid financials. The company’s growth in both revenue and profit, along with its diversified business segments, ensures that it remains a resilient player in the global tech market.
With a robust dividend history, HCL Tech offers a combination of income and growth potential, making it ideal for both short-term and long-term investors. Additionally, the ex-dividend trading date signifies the company’s commitment to returning value to its shareholders, further enhancing its appeal to stock market enthusiasts.
Invest safely
HCL Technologies’ ex-dividend trading and strong financial performance make it a stock to watch. For investors looking to invest in stocks, HCL Tech provides a balanced mix of growth, dividend returns, and a strong market presence. As the company continues to innovate and expand its services, it remains a top choice in the tech sector for anyone looking to invest.
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