Tech Mahindra
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Tech Mahindra To Consider Interim Dividend For FY23 In Board Meeting
The company, in its exchange filing last week, informed that the board of directors will consider a proposal for payment of interim dividend for the financial year 2022-2023, during its scheduled meet
Topics
Tech Mahindra | Interim Dividend | fiscal year cycle
IT company Tech Mahindra's board of directors are scheduled to meet next week on November 1 to consider the proposal for interim dividend's payment for the current fiscal year. The company has fixed November 10 as the record date for determining the members, who will be entitled to receive the interim dividend, if it gets approved by the board.
According to a report published in LiveMint, Tech Mahindra's board of directors will also determine the financial performance of the second quarter ending September 30 for the current fiscal year.
The company, in its exchange filing last week, informed that the board of directors will consider a proposal for payment of interim dividend for the financial year 2022-2023, during its scheduled meeting on October 31st and November 1. It also added that the trading window of the company is closed from October 1 and will open 48 hours after the declaration of the financial results for the September quarter.
While Tech Mahindra's peers TCS, Wipro, Infosys, Mindtree, and HCL Tech have already declared their earnings for the second quarter of the current fiscal year, all eyes are now on Tech Mahindra's financial results.
Tech Mahindra paid a 900 per cent dividend to its shareholders in the previous financial year. The company in the past 12 months, declared an equity dividend, which amounted to Rs 45 per share.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, October 26 2022. 15:54 IST
RECENT NEWS
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more