HCL Technologies' board on Wednesday declared a dividend of Rs 10 per share — a 500 per cent payout given the face value of Rs 2 per share. Noida-based HCL Tech — the country's third largest IT company by market capitalisation (mcap) — set July 20 as the record date for the payout, the first interim dividend for the current financial year. 

When will the HCL Tech dividend be paid? 

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HCL Tech said the dividend will be paid on August 1, 2023.

What is a record date?

A record date is the date that determines the shareholders eligible to benefit from corporate action such as a dividend. 

HCL Tech Q1 results

HCL Technologies reported a net profit of Rs 3,534 crore for the quarter ended June 2023, marking a decline of 11.3 per cent compared with the previous three months. Its revenue shrank by 1.2 per cent sequentially to Rs 26,296 crore, according to a regulatory filing. 

The company's top-line as well as the bottom-line fell short of analysts' estimates. 

According to Zee Business research, HCL Tech was estimated to report a quarterly net profit of Rs 3,860 crore and revenue of Rs 26,750 crore. Read more on HCL Tech Q1 results

HCL Tech dividend history

The IT company has paid a host of dividends in the past. Here's a summary of its payouts in the last five years:  

Dividend announcement date Dividend ex-date Dividend amount
17-03-2023 28-04-2023 18
16-12-2022 19-01-2023 10
12-10-2022 19-10-2022 10
04-07-2022 19-07-2022 10
01-04-2022 28-04-2022 18
24-12-2021 20-01-2022 10
15-09-2021 21-10-2021 10
07-07-2021 27-07-2021 6
13-04-2021 29-04-2021 6
14-04-2021 29-04-2021 10
15-01-2021 21-01-2021 4
28-09-2020 22-10-2020 4
07-05-2020 14-09-2020 2
03-07-2020 23-07-2020 2
20-12-2019 24-01-2020 2
30-09-2019 31-10-2019 2
24-07-2019 14-08-2019 2
23-04-2019 16-05-2019 2
15-01-2019 05-02-2019 2
12-10-2018 30-10-2018 2
13-07-2018 02-08-2018 2
18-04-2018 09-05-2018 2
08-01-2018 29-01-2018 2
16-10-2017 01-11-2017 2
17-07-2017 03-08-2017 2
11-05-2017 24-05-2017 6
13-01-2017 01-02-2017 6

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