HCLTech Interim Dividend: Last Chance to Buy Shares and Qualify

HCLTech Ltd. will be in focus on Thursday, as it marks the last session for investors to buy shares and qualify for receiving the interim dividend before the stock goes ex-dividend.

Understanding Record Date and Ex-Dividend Date

The record date is crucial in determining shareholder eligibility to receive a dividend. Under India’s T+1 settlement cycle, shares purchased on the record date itself will not qualify for the dividend payment. Hence, as the record date of HCLTech’s interim dividend is October 17, shares must be purchased by October 16 to be eligible for the payout.

The ex-dividend date, which typically coincides with the record date, marks when the share price adjusts to reflect the upcoming payout. It is essential for investors to understand these dates to make informed decisions about their investments.

HCLTech Interim Dividend Details

The HCLTech board has approved the second interim dividend of Rs 12 per equity share of a face value of Rs 2 per equity share for the financial year 2026, amounting to Rs 3,256 crore. The dividend will be paid to the shareholders on October 28.

This dividend payout is a way for HCLTech to reward its shareholders. To learn more about dividend investing strategies and how they can benefit your portfolio, click here.

HCLTech Share Price Performance

The HCLTech share price has fallen 21% on a year-to-date as well as a 12-month basis. Despite this, the company has shown resilience in its financial performance. The software exporter had paid Rs 12 as its first interim dividend for FY26, demonstrating its commitment to rewarding shareholders.

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HCLTech Financial Performance

HCLTech Ltd. posted a 10.2% rise in consolidated net profit on a sequential basis in the second quarter, meeting analysts’ estimates. The information technology company’s bottom line stood at Rs 4,235 crore during the second quarter of the financial year ending March 2026, compared to Rs 3,843 crore clocked in the preceding quarter, according to its notification to the exchanges.

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Understanding Dividends and Taxation

Dividends are a way for companies to reward shareholders. It is the portion of profits that a company distributes to its shareholders and is essentially a return on the investment shareholders make in the company’s equity. Such payments are made through final, interim, and special dividends.

Dividends are taxable in the hands of the shareholders, and companies are no longer required to pay the Dividend Distribution Tax (DDT). The TDS on dividend income for resident individuals is 10% if the dividend amount exceeds Rs 5,000 in a financial year. To learn more about taxation on dividend income, read our detailed guide.

Conclusion

In conclusion, HCLTech’s interim dividend is an opportunity for investors to earn a return on their investment. By understanding the record date, ex-dividend date, and dividend payout, investors can make informed decisions about their investments. Additionally, staying updated on the company’s financial performance and understanding the taxation implications of dividends can help investors maximize their returns.

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