Cyient Limited, L&T Technology Services Limited, Hexaware Technologies Limited, Hypersoft Technologies Limited and Sagility are among the top five information technology (IT) stocks that have fixed dividend record dates in the coming week.
While these IT stocks will remain in focus this week because of corporate actions, the overall segment has bucked the broader market's weak trend. Nifty IT has surged nearly 1.17% over the past five trading sessions despite overall bearish sentiment prevailing across the stock market.
For investors who closely track dividend linked updates, here are all the details about IT stocks with dividend record dates this week and their return.
Hexaware Technologies has fixed Monday, October 26 as the record date for dividend payout. The IT company has announced ₹9.50 per equity share payout. The stock closed marginally lower at ₹590.70 per share on BSE on Friday.
L&T Technology Services (LTTS)’s board of directors has approved ₹20 per equity share dividend and has fixed October 27 as the record date. The stock closed 1.10% lower at ₹3910.6 per share on Friday.