Dividend Stocks: Many publicly traded companies publish their second quarter results. LTIMindtree, the IT business of leading engineering firm Larsen & Toubro, also released its financial results this month. In addition to publishing results, the company also announced dividends for its shareholders. The company had announced an interim dividend for its investors on October 17.
A dividend of Rs 20 will be available for each share.
The company had told the stock exchange that LTIMindtree shareholders will receive a dividend of Rs 20 for each share with a face value of Re 1. Along with this, the company had also announced the record date for the payment of this dividend. The company had set October 25 as the record date for this interim dividend of Rs 20. That is, investors who have shares of the company in their demat account on October 25 will receive 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 purchased shares of the company on October 25 will not receive a dividend of any kind. This simply means that if you want to take advantage of this dividend given by the company, you only have today’s time. Let us tell you that while announcing the financial results and dividend on October 17, the company said that the dividend money will be transferred to shareholders’ bank accounts within 30 days.
On Wednesday there was a good rise in the company’s shares
On Wednesday, October 23, there was a good rise in the company’s shares. Shares of the company closed at Rs 5,934.35 on BSE with a gain of 1.01% (Rs 59.05). Let us tell you that the 52-week high of LTIMindtree stock is Rs 6,575.00. According to BSE, the current market capitalization of this IT company is Rs 1,75,765.90 crore.
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