Dividend stock: An IT stock will soon trade ex-date for a 575 per cent dividend payout for its shareholders. This is the first interim dividend by the company for FY25 that debuted on the stock exchanges in February.
As per BSE analytics, as of last close, this dividend company commands market cap of Rs 39,879.96 crore.
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So, the dividend stock under discussion is Hexaware Technologies.
On Friday, April 4, Hexaware Tech announced its first interim dividend of Rs 5.75 for its shareholders. The IT company has also announced the record date for its first ever dividend post listing.
Hexaware Tech dividend
“Board of Directors of the Company at its meeting held today i.e. April 04, 2025, declared 1st interim dividend of ₹ 5.75/- (575%) per equity share of ₹ 1/- each for the financial year 2025,” Hexaware said in the regulatory filing today.
Hexaware Tech dividend record date
The “record date for the purpose of interim dividend will be April 15, 2025,” the filing added.
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“The interim dividend declared will be paid to those shareholders, whose names appear in the Register of Members and / or Depositories as on April 15, 2025, being the Record Date fixed by the Company for this purpose,” the company said.
Hexaware Tech IPO
Hexaware shares debuted on the stock exchanges at a premium of 5.3% on Feb 19. The Rs 8,750 crore IPO of Hexaware Tech, received bids for 24,28,44,315 shares as against 9,14,23,354 shares on offer. Also, Hexaware Technologies IPO was the largest public issue in Indian IT services sector since Tata Consultancy Services' (TCS) Rs 4,700 crore IPO over two decades ago, according to a PTI report.
Hexaware Tech share price
On Friday, Hexaware Tech shares ended in the negative bias at Rs 656.25 per share, down -27.35 points or –4 per cent against the previous close of Rs 683.60 per share.
(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.)