LTIMindtree Sets Record Date for FY25 Dividend Payout
In an exciting development for shareholders, LTIMindtree has officially announced that the record date for its FY25 dividend has been scheduled for May 23. Investors can anticipate the dividend payments to be issued within a span of ten days following this date.
Dividend Details
The company’s Board of Directors has approved a dividend of Rs 45 per equity share for eligible shareholders. This marks a continuation of their commitment to rewarding investors, as last year’s dividend payout also stood at Rs 45 per share. Since 2017, LTIMindtree has consistently distributed dividends, with its initial dividend recorded at Rs 9.70 per equity share.
- Record Date: May 23
- Dividend Amount: Rs 45 per share
- First Dividend Paid (2017): Rs 9.70
LTIMindtree’s Q4 FY25 Performance Overview
In the latest financial reports, LTIMindtree showcased impressive growth, reporting a profit of Rs 1,128.5 crore for the fourth quarter of FY25. This reflects an increase of Rs 28.6 crore year-over-year, highlighting the company’s robust performance. The total revenue for the quarter reached Rs 9,771.7 crore, marking a 10% increase compared to the previous year.
Stock Performance Highlights
The release of the Q4 results on April 23 positively impacted LTIMindtree’s stock price. The shares opened at Rs 4,400 and closed at Rs 4,536 on the announcement day, with a notable upward trend since then, despite minor fluctuations.
- Stock Opening Price (April 23): Rs 4,400
- Stock Closing Price (April 23): Rs 4,536
- Recent Performance (May 5): Opened at Rs 4,599.9, Closed at Rs 4,628 (up by 1.05%)
- Monthly High: Rs 4,715 on May 2
As LTIMindtree continues to exhibit strong financial results and consistent dividends, shareholders can remain optimistic about the company’s future growth and stability.
