HCL Technologies Ltd. has made a significant announcement that has garnered attention from shareholders and investors alike. The company has declared an interim dividend of ₹12 per equity share for the 2024-25 financial year. This announcement was made public in a regulatory filing on Monday, signaling HCL's commitment to returning value to its shareholders. The record date for this dividend is set for October 22, 2024, which means that shareholders must own shares before this date to be eligible for the payment. The payment date for the interim dividend is scheduled for October 30, 2024.

In addition to the dividend announcement, HCL Technologies recently reported its earnings for the second quarter ending September 30, 2024. The company posted a profit of ₹4,235 crore, demonstrating its robust performance in a competitive IT landscape. The revenue for this quarter was recorded at ₹28,530 crore, a slight increase from the ₹28,057 crore reported in the preceding quarter. When converted to dollar terms, this translates to approximately ₹3.4 billion, reflecting the company's solid position in the global market.

The announcement of the dividend is particularly noteworthy as HCL Technologies has a history of rewarding its shareholders. Over the past five years, the company has paid out a total of ₹184 per share in dividends, showcasing its consistent policy of returning profits to its investors. This move is likely to enhance shareholder confidence and attract new investors looking for stable returns.

It's important to note that shares of HCL Technologies will trade ex-dividend either on the day of or a day prior to the record date. The ex-dividend date is crucial because it determines which shareholders will receive the dividend payment. When a company goes ex-dividend, its stock price typically adjusts downward to reflect the payout, as the shares no longer carry the value of the upcoming dividend.

On the trading front, shares of HCL Technologies Ltd. closed 1.38% higher at ₹1,865 apiece on the NSE today. This uptick in stock price is indicative of the market's positive response to the company's performance and its dividend declaration. Notably, the stock has appreciated approximately 26% year-to-date, signaling strong investor sentiment and confidence in the company's growth trajectory.

In conclusion, HCL Technologies' announcement of a ₹12 dividend and its impressive Q2 financial performance are clear indicators of its operational strength and commitment to shareholder value. As the IT sector continues to evolve, companies like HCL Technologies are well-positioned to capitalize on emerging opportunities, ensuring sustained growth and profitability.

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