Wipro shares are in the spotlight as the record date for the ₹6 interim dividend is set for tomorrow
Wipro shares: Dividend stocks are a hot topic in the investment world, with shares of the information technology (IT) giant Wipro taking center stage on Monday, January 27, ahead of the record date for an interim dividend of ₹6 per share on Tuesday.
Wipro made headlines when it announced an interim dividend of ₹6 per share on January 17, with January 28 set as the record date for the dividend. The Board of Directors of Wipro, in a meeting held over January 16-17, 2025, approved the payment of an interim dividend of ₹6 per equity share of par value ₹2 each to the Members of the Company as of January 28, 2025. The payment of the Interim Dividend will be made on or before February 15, 2025, as stated in an exchange filing by Wipro.
For investors looking to benefit from this dividend, today is the last day to buy shares of Wipro, as the Indian stock market follows the T+1 settlement system and the record date is January 28.
Wipro has a history of declaring dividends, with 35 dividends announced since May 2000. Prior to the current interim dividend of ₹6, the Bengaluru-based IT major had declared an interim dividend of Re 1, with a record date of January 24, 2024, according to Trendlyne data.
In addition to the dividend news, Wipro also reported a 24.5% year-on-year (YoY) growth in its consolidated net profit for the third quarter ended December (Q3FY25) to ₹3,353.8 crore. The company’s consolidated revenue from operations in Q3FY25 stood at ₹22,319 crore, a 1% increase over the previous year.
Despite this positive financial performance, Wipro’s share price traded slightly lower today, with a decline of 1.4% to a low of ₹315.50 on the BSE
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.