Dividend 2025: IT Stocks Recommend Dividend, Record Date Soon

Two leading companies from IT & Software sector today declared dividend for FY 2024-25 for their shareholders apart from declaring their Q3 results. These two firms are Wipro Ltd and Mastek Ltd. Shares of Wipro declined and Mastek witnessed marginal gain on Bombay Stock Exchange (BSE). Last trading price of Wipro Ltd. shares on BSE stood at Rs 281.85 per share after decline of 2.15%.

Meanwhile, Mastek Ltd. shares price on BSE registered surge of 0.35% to settle at Rs 2750.75 per share. Wipro announced an interim dividend of Rs 6 per share while Board of Directors of Mastek declared an interim dividend of Rs 7 per equity share (140%) for FY 2024-25. Check key details below:

Dividend 2025: Top IT Stocks Recommend Dividend, Record Date In 6-Days

Wipro Recommends Interim Dividend

As per the exchange filing of Wipro dated January 17, 2024, “payment of interim dividend of Rs 6 per equity share of par value Rs 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 Sets Record Date For Interim Dividend

The record date for interim dividend of Rs 6/share is January 28, 2024.

Wipro Q3 Results

The IT services giant on January 17, 2024 announced a surge of 24.4% year-on-year (YoY) to Rs 3354 crore in the consolidated net profit the quarter ended December 2024. The company’s revenue from operations zoomed by 0.5% to approximately Rs 22,319 crore. According to the BSE filing of Wipro, “we expect revenue from our IT Services business segment to be in the range of $2,602 million to $2,655 million*. This translates to sequential guidance of (-)1.0 % to 1.0 % in constant currency terms.”

Wipro Shares Performance

The 52-week high price of Wipro shares is Rs 319.95 per share (as on 20/12/2024) and 52-week low price is Rs 208.40 per share (as on 04/06/2024), respectively. The company’s market cap stood at Rs 2,95,092.34 crore. Wipro stock declined over 6% in last 1-week, gained more than 6% in last 3-months, and surged 16.88% in last 1-year. In last 2-years, Wipro shares jumped 42.29%.

Mastek Declares Interim Dividend

The regulatory filing of the IT firm stated, “the Board of Directors have also declared an interim dividend of Rs. 7.00 (Rupees Seven) (i.e.,140%) per Equity Share of the Company, for the Financial Year 2024-25. The said interim dividend shall be paid within 30 days to the equity shareholders of the Company, whose names appear on the Register of Members of the Company / in the records of the Depositories as beneficial owners of the shares as on the “Record Date.”

Mastek Sets Record Date For Interim Dividend

Mastek set January 24, 2025 as the record date for interim dividend of Rs 7.00 per equity share.

Mastek Q3 Results

The company announced its net sales for the quarter ended December 2024 at Rs 119.70 crore, up 22.72% as against Rs 97.54 crore announced in December 2023. The IT company’s net loss for the quarter under review announced at Rs 1.35 crore, down 108.22% from Rs 16.43 crore announced in the similar quarter of last year. Its EBITDA stood at Rs 0.98 crore for December 2024, down 96.08% as compared to Rs 25.02 crore declared in December 2023.

Mastek Shares Performance

The 52-week high price of Mastek share on BSE is Rs 3375.00 per share (as on 04/12/2024) and 52-week low price is Rs 2137.25 per share (as on 04/06/2024), respectively. Mastek has a market capitalisation of Rs 8494.44 crore. Mastek shares witnessed decline of 10.29% in last 2-weeks, fell over 14% in last 1-month, slipped again by more than 6% in last 1-year, and gained 62% in last 2-years.