TECHM
Tech Mahindra Ltd
₹1,530
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 ₹1,50,053.11Cr. Its share price is ₹1,530 as on 26 July,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Tech Mahindra Ltd gave ₹72 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 March 2024, Tech Mahindra Ltd has declared dividend of ₹28 - translating a dividend yield of 4.71%.
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 ₹13,152.80Cr in the quarter ending June 2024. The revenuefell by -1.54% year on year basis since last quarter.
- Tech Mahindra Ltd’s profits were ₹851.50Cr in the quarter ending June 2024. The profits grew by 22.96% year on year basis since last quarter.
- Tech Mahindra Ltd’s dividend was ₹28 in the quarter ending March 2024.
Tech Mahindra Ltd Dividend related ratios:
- Last dividend date: 25/04/2024
- Current Dividend Yield: 4.71%
- Annual dividend payment: ₹72
History of Tech Mahindra Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
19/07/2024 | CASH | ₹28 | 25/04/2024 | 20/07/2024 |
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 |
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