Wipro shares in focus ahead of record date for ₹6 interim dividend tomorrow

Dividend stocks: Shares of information technology (IT) major Wipro remain in focus on Monday, January 27 ahead of the record date for an interim dividend of ₹6 apiece on Tuesday.

Wipro, along with financial results, announced an interim dividend of ₹6 per share on January 17, setting January 28 as the record date for the said dividend.

"The Board of Directors of Wipro, have at their meeting held over January 16-17, 2025, considered and approved the payment of an interim dividend of ₹ 6 per equity share of par value ₹ 2 each to the Members of the Company as on January 28, 2025, being the Record Date. The payment of Interim Dividend will be made on or before February 15, 2025," Wipro said in an exchange filing.

As the Indian stock market follows the T+1 settlement system and given the record date of January 28, today is the last day to buy shares of Wipro to be eligible to receive the dividend.

Wipro Dividend History

Wipro has declared 35 dividends since May 2000. Before the current interim dividend of ₹6, the Bengaluru-based IT major had announced an interim dividend of Re 1, with a record date of January 24, 2024, shows Trendlyne data.

Wipro Q3 Results

Wipro announced a 24.5% year-on-year (YoY) growth in its consolidated net profit for the fiscal's third quarter ended December (Q3FY25) to ₹3,353.8 crore. The company had reported a profit of ₹2,694.2 crore in the year-ago period.

Meanwhile, the IT company's consolidated revenue from operations stood at ₹22,319 crore in Q3FY25, recording a growth of 1% over ₹22,205 crore posted in Q3FY24.

Wipro Share Price Impact

Wipro share price traded marginally lower today ahead of the record date for interim dividend on Tuesday. Wipro declined 1.4% to the day's low of ₹315.50 on the BSE. The IT stock opened at ₹318.25, slightly lower than ₹320.05 per share.

The company has a market capitalisation of ₹3.30 lakh crore.