1650% DIVIDEND PAYOUT! L&T TECHNOLOGY SERVICES ANNOUNCES 'HIGHEST' MONETARY REWARD IN 8 YEARS - DETAILS
L&T Technology Services Dividend 2024: L&T Technology Services has given solid returns in the past one year. The cement company has announced that it will pay a 1650 per cent dividend to its shareholders.
A dividend is a reward that a company pays to its investors for their investment in the business. It is paid in cash from earnings. A dividend is always calculated and paid on the face value of each stock. The current face value of L&T Technology Services shares is Rs 2. Accordingly, the 1650 per cent dividend translates into Rs 33 per share. The company’s stock closed in the red around Rs 5,180.95 per share, down by 0.97 per cent today, on April 25.
“...Further, we would like to inform that the Board of Directors at their meeting held today, have recommended a final dividend of 1650 % i.e. Rs. 33/- per equity share of face value of Rs 2.00/- each, subject to approval of the shareholders of the Company, which if approved, shalln be paid/dispatched within thirty days from the conclusion of the Annual General Meeting of the Company,” the company said via a regulatory filing.
L&T Technology Services Dividend Record Date
L&T Technology Services has not set a record date for determining the eligibility of shareholders participation in the next dividend or upcoming corporate action.“...Further, we would like to inform that the Board of Directors at their meeting held today, have recommended a final dividend of 1650 % i.e. Rs. 33/- per equity share of face value of Rs 2.00/- each, subject to approval of the shareholders of the Company, which if approved, shall be paid/dispatched within thirty days from the conclusion of the Annual General Meeting of the Company. The Record date for the purpose of final dividend shall be intimated later,” the company said via a regulatory filing.
L&T Technology Services Q4 Results
- The company reported a consolidated revenue of Rs 2,538 crore, increasing from Rs 2,422 cr in the previous quarter.
- The company’s consolidated PAT stood at Rs 341 crore compared to Rs 337 crore, quarter on quarter.
- The company’s consolidated EBITDA stood at Rs 428 crore growing by three per cent from Rs 416 crore in the previous quarter.
- The company’s consolidated margins stood at 16.9 per cent, falling from 17.2 per cent in the previous quarter.
L&T Technology Services Share Price History
According to BSE analytics, as on April 25, L&T Technology Services shares have slipped 0.49 per cent on a YTD basis and have plunged 3.53 per cent in one month. The stock has paced 23.06 per cent in six months. The stock has given solid returns of 51.27 per cent in one year. L&T Technology Services’ shares have a 52-week range of Rs 5,884.95 - Rs 3,399.55 on BSE. The company has a market cap of Rs 54,790.54 crore as on April 25, as per BSE website.L&T Technology Services Dividend History
The company has paid a dividend consistently for the past five years. In 2023, the company paid a dividend on two occasions, once of Rs 17 per share in October and once of Rs 30 per share in July. In 2022, the company paid a dividend on two occasions, once of Rs 15 per share in October, once of Rs 15 per share in July and once of Rs 10 per share in January. In 2021, the company paid a dividend on two occasions once of Rs 10 per share and once of Rs 14.5 per share in October and July respectively. In 2020, the company paid a dividend on two occasions, once of Rs 7.5 per share and once of Rs 13.5 per share in October and July. In 2019, the company paid a dividend on two occasions, once of Rs 7.5 per share in October and of Rs 13.5 per share in July.(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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2024-04-25T12:27:56Z dg43tfdfdgfd