L&T Dividend 2020: L&T Special Dividend Record Date, History, Payment Date, Payment Date, Payout Date, dividend history, Interim & Final Dividend per share

L&T Special Dividend | L&T Q2 results 2020 | Larsen and Toubro Quarter 2 results

L&T Q2 net profit drops 45% YoY to Rs 1,410 cr; firm announces dividend at Rs 18 per share.

EPC major Larsen & Toubro on Wednesday said its consolidated net profit fell 44.73 per cent year-on-year (YoY) to Rs 1,410.29 crore for the September quarter compared with Rs 2,551.67 crore in the same quarter last year.

The revenue from operations for the quarter dropped to Rs 31,034.74 crore from Rs 35,328.45 crore, a fall of 12.15 per cent YoY.

The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, has being fixed as Thursday, November 5, 2020.

Also Check:- Latest Dividend Paying Stocks

L&T Dividend Details

L&T Dividend declared

You can view Announcement Date, Effective Date, Dividend Type (Interim, Final and Special), and Percentage of Dividend given information for Larsen and Toubro.

Further, we wish to inform you that the Board of Directors of the Company has
approved Special Dividend of Rs.18/- (Rupees Eighteen only) per equity share i.e.
900% on face value of Rs.2/- each, for the Financial Year 2020-21.

As informed earlier, the record date for the purpose of payment of dividend is Thursday,
November 5, 2020. This will be paid within stipulated timelines as prescribed under
law.

Dividend History for L&T

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Latest Dividends 2020

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Are you Eligible for Dividend?

To determine whether you should get a dividend, you need to look at two important dates. They are the “record date” or “date of record” and the “ex-dividend date” or “ex-date.”

When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend.

Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

What’s the Difference Between the Record Date and Ex-Dividend Date?

What Is Record Date?

The record date, or date of record, is the cut-off date established by a company in order to determine which shareholders are eligible to receive a dividend.

The determination of a record date is required to ascertain who exactly a company’s shareholders are as of that date, since shareholders of an actively traded stock are continually changing. The shareholders of record as of the record date will be entitled to receive the dividend or distribution, declared by the company.

What is Ex-Dividend Date?

The ex-dividend date (or ex-date) of a stock is dictated by stock exchange rules and is usually set to be one business day before the record date.

In order for an investor to receive a dividend payment on the listed payment date, they would need to have their stock purchase completed by the ex-dividend date. If the stock sale has not been completed by the ex-dividend date, then the seller on record is the one who receives the dividend for that stock.