Tech Mahindra sets record dividend date Shares down 40% from 52-weeh high | Tech US News


Dividend Paying Stocks: Indian multinational IT company Tech Mahindra Limited has announced a record date for payment of interim dividend. The board of directors of the company has fixed the record date for payment of dividend on November 10, 2022. The IT major also told Indian exchanges that the company’s board will consider payment of interim dividend in its meeting on November 1, 2022. Therefore, shareholders of Tech Mahindra are advised to keep an eye on the outcome of the board meeting scheduled on November 1, 2022.

Notifying the Indian Stock Market Exchange about the interim dividend for the financial year 2022-23, Tech Mahindra Limited said, “As per SEBI Regulation 29(1)(e) of the “SEBI Listing Regulations 2015”) and October 31 and In continuation of our earlier discussion on October 7, 2022 regarding the Board meeting on November 1, 2022, we would like to inform that the Board of Directors will also consider the proposal to pay Interim Dividend for the financial year 2022-23, In the meeting to be held on 31 October and 1 November 2022.

“The board will consider payment of interim dividend on November 1, 2022,” Tech Mahindra informed the exchanges.

Tech Mahindra Dividend Record History

Informing about the record date of the dividend, the exchange communication of the dividend paying stock said, “Further in accordance with regulation 42(2) the company recorded on November 10, 2022 for determination of members entitled to receive interim dividend. The date is set, if approved by the board.” The interim dividend will be paid on a retrospective basis. Hence, the Tech Mahindra ex-dividend date is 9 November 2022.

Tech Mahindra share price history

Starting in 2022, Tech Mahindra’s share price is under sell-off heat. IT stocks have done it right. Since 1785 1083 percent level in year-to-date (YTD) time, losing 40 percent of the tune in 2022. It climbed to a 52-week high. 1538 percent on NSE in the last week of December 2021 and has corrected over 40 percent since then. It made its 52-week low. 943.70 each in June 2022 and has been range-bound ever since. From 1150 1,000 per levels.

Tech Mahindra Dividend History

In July 2022, the tech is given by Mahindra. 15 Final Dividend and 15 special dividend for the financial year 2021-22 while it was given in February 2021. 15 Special dividend leading to total dividend. 45 in FY 2021-22. This means, its dividend yield for FY22 is currently 4.15%.

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