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Dividend Stock: Many companies listed in the stock market are releasing their second-quarter results. LTIMindtree, the IT company of the giant engineering company Larsen & Toubro, also released its financial results this month. Along with releasing the results, the company also announced dividends for its shareholders. The company announced an interim dividend for its investors on October 17.
You will get a dividend of Rs 20 on every share.
The company had told the stock market exchange that LTIMindtree shareholders would be given a dividend of Rs 20 on each share with a face value of Rs 1. Along with this, the company also announced the record date for the payment of this dividend. The company had fixed October 25 as the record date for this interim dividend of Rs 20. That is, investors who have as many shares of the company in their demat account on October 25 will be paid dividends only on those shares.
Today is the last chance to take advantage of the opportunity.
The company’s shares will trade ex-dividend on Friday, October 25. Investors who buy the company’s shares on October 25 will not receive any dividend. This simply means that if you want to take advantage of this dividend given by the company, then you have only today’s time. Let us tell you that while announcing the financial results and dividend on October 17, the company had said that the dividend money would be transferred to the shareholders’ bank accounts within 30 days.
The company’s shares saw a good rise on Wednesday.
On Wednesday, October 23, the company’s shares saw a good rise. The company’s shares closed at Rs 5934.35 with a gain of 1.01% (Rs 59.05) on BSE. Let us tell you that the 52-week high of LTIMindtree shares is Rs 6,575.00. According to BSE, the current market cap of this IT company is Rs 1,75,765.90 crore.
