Dividend Stocks: Wipro and Zensar Technologies shares remained in focus on Tuesday, January 28 as the stocks traded ex-dividend. The ex-dividend date is when the equity share price adjusts to reflect the next dividend payout.
The record date for the payout of dividends by these companies was fixed as January 28, 2025. The same implied that as per the T+1 settlement mechanism, investors needed to buy Wipro and Zensar Tech shares a day before the record date for their names to appear in the list of eligible shareholders for receiving dividend payout.
Wipro had announced payment of an interim dividend of ₹6 per equity share of ₹2 each to the Members of the Company. The Board of Directors of Wipro at their meeting on January 17 to consider unaudited financial years for the quarter ending December, also announced an interim dividend.
The record date for Wipro dividend had been decided as January 28, 2025. The payment of interim dividend will be made on or before February 15, 2025.
Zensar Technologies had declared an interim dividend of ₹2 (i.e., 100%) per equity share of ₹2 each of the company. The Board of Directors of Zensar Technologies at their meeting on January 22 to consider and approve the unaudited financial results also approved the dividend.
The interim dividend shall be paid to the Members on or before February 10, 2025, whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares. The record date fixed for the purpose stood on Tuesday, January 28.
Other companies to trade ex-dividend today include Tips Music, Wendt (India), and Mangalam Industrial Finance.
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