This Mega-Cap IT Giant to Turn Ex-Dividend Tomorrow: Payment Date?

January 24,2023 -- The IT giant Wipro (NS:WIPR) will be under focus on Tuesday as its shares will turn ex-dividend. The company’s Board of Directors, earlier this month declared an interim dividend for the current financial year to its shareholders.

The mega-cap IT major’s Board announced an interim dividend of Re 1/share having a face value of Rs 2 each. This is the first interim dividend given by the company in FY23.

The record date for the corporate event has been set as January 25, 2023, and payment of the dividend will be made to eligible shareholders of Wipro on or before February 10, 2023, the company said.

In the December 2022 quarter, the Bengaluru-based IT major recorded a 2.8% YoY rise in net profit at Rs 3,052.9 crore, while its revenue rose 14.35% YoY to Rs 23,229 crore. The company pegs an 11.5-12% revenue growth from its IT Services business in constant currency terms for the ongoing financial year.

Shares of Wipro ended almost 1% higher on Monday at Rs 407 apiece.