LTIMindtree declares 4500% final dividend; net profit, revenue comes below Street estimates

LTIMindtree declares 4500% final dividend; net profit, revenue comes below Street estimates

The Board of LTIMindtree has declared a dividend of 4500%, or ₹45 per share, for its shareholders. The large cap IT firm will announce its record date after the conclusion of its AGM.

“Board of Directors have recommended a final dividend of ₹45/- per equity share of ₹1 each, for approval of shareholders at the ensuing Annual General Meeting (‘AGM’). Subject to approval of shareholders, the final dividend will be paid within 10 days from the conclusion of the AGM. Record Date for the purpose of determining shareholders eligible to receive dividend and the date of AGM, shall be intimated in due course,” the company said in an exchange filing.

LTIMindtree has a good dividend track record and has consistently given dividends for the last five years. For the year ending March 2023, LTIMindtree declared an equity dividend of 6000.00% amounting to ₹60 per share.

LTI Mindtree share price settled at ₹4,732.55, with marginal gains on the BSE.