What is ‘Dividend’?
Dividend refers to a reward, cash or otherwise, that companies give to their shareholders. It can be issued in various forms such as cash payments, stocks, or in any other form.
Decisions pertaining to dividends are made by the board of directors of the company and require shareholder approval.
Listed below are 3 stocks that have a history of paying quarterly dividends:
Tata Consultancy Services (TCS)
Based in Mumbai, Tata Consultancy Services is a leading global IT services provider which leverages its offshore outsourcing model to derive half of its revenue from the North American segment. The company offers traditional IT services offerings including consulting, managed services, etc.
Market capitalization of the company is Rs 1,166,816 crores. The stock closed at a price of Rs 3,188.85
The company, with its recent Q4 and annual results, has paid a total dividend of Rs 115 per share during the FY22-23 with Rs 24 per share in Interim dividend and Rs 24 per share by way of a final dividend. The company also paid a special dividend of Rs 67 per share during the financial year.
REC Limited
Established in 1969, Rural Electrification Corporation (REC) is a government agency based in New Delhi, India. The agency’s main objective is basically financing and promoting power sector projects all over the country.
Market capitalization of the company is Rs 31,954 crores. The stock closed at a price of Rs 121.35.
It provides loan assistance to various State Power Utilities, Private Sector Project Developers, Central Power Sector Utilities, and State Governments for investments in Power Generation, Power Transmission, Power Distribution, etc.
The company, till date, has paid Rs 8.25 per share by way of Interim dividends in the FY22-23.
HCL Technologies
HCL Technologies Ltd provides enterprises with IT solutions in India. The company mainly focuses on offering Digital, Internet of Things Services, Cloud, Automation, Cybersecurity,
Infrastructure Management, and many other such services to solve business problems for clients. Being incorporated in India, it has various international clients in a large number of countries.
Market capitalization of the company is Rs 290,864 crores. The stock closed at a price of Rs 1,071.85.
The company, till date, has paid Rs 48 per share by way of interim dividends in the FY22-23.
Written by Amit Madnani
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