Dividend Stock: Many companies listed in the stock market are releasing their second quarter results. LTIMindtree, the IT company of leading engineering company Larsen & Toubro, also released its financial results this month. Along with releasing the results, the company also announced dividend for its shareholders. The company had announced interim dividend for its investors on October 17.
Dividend of Rs 20 will be given on every share
The company had told the stock market exchange that LTIMindtree shareholders will be given a dividend of Rs 20 on each share with a face value of Re 1. Along with this, the company had also announced the record date for 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 shares of the company in their demat account on October 25 will be paid dividend 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 bought shares of the company on October 25 will not get any dividend of any kind. 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 will be transferred to the bank accounts of the shareholders within 30 days.
There was a good rise in the company’s shares on Wednesday
On Wednesday, October 23, there was a good rise in the shares of the company. The company’s shares closed at Rs 5934.35 on BSE with a gain of 1.01% (Rs 59.05). 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.
