TECHM
Tech Mahindra Ltd
₹1,200.25
Tech Mahindra Ltd Dividend 2024 : Should Tech Mahindra Ltd be a part of your dividend portfolio?
Tech Mahindra Ltd is one of the most popular Technology company in the world with a market capitalisation of ₹1,17,963.47Cr. Its share price is ₹1,200.25 as on 23 April,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Tech Mahindra Ltd gave ₹62 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Technology stocks do not always pay a dividend but as Tech Mahindra Ltd pays dividends to reward its shareholders.
- In the quarter ending September 2023, Tech Mahindra Ltd has declared dividend of ₹12 - translating a dividend yield of 5.17%.
Let's look at Tech Mahindra Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Tech Mahindra Ltd’s revenue were ₹13,193.60Cr in the quarter ending December 2023. The revenuefell by -5.64% year on year basis since last quarter.
- Tech Mahindra Ltd’s profits were ₹510.40Cr in the quarter ending December 2023. The profits fell by -60.64% year on year basis since last quarter.
- Tech Mahindra Ltd’s dividend was ₹12 in the quarter ending September 2023.
Tech Mahindra Ltd Dividend related ratios:
- Last dividend date: 25/10/2023
- Current Dividend Yield: 5.17%
- Annual dividend payment: ₹62
History of Tech Mahindra Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
02/11/2023 | CASH | ₹12 | 25/10/2023 | 02/11/2023 |
21/07/2023 | CASH | ₹32 | 27/04/2023 | 22/07/2023 |
09/11/2022 | CASH | ₹18 | 01/11/2022 | 10/11/2022 |
21/07/2022 | CASH | ₹15 | 13/05/2022 | 23/07/2022 |
21/07/2022 | CASH | ₹15 | 13/05/2022 | 23/07/2022 |
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