Tech Mahindra Dividend 2020: TechM Dividend Record Date, History, Payment Date, Payment Date, Payout Date, dividend history, Interim & Final Dividend per share

Tech Mahindra Q2 beats estimates with profit at Rs 1,065 crore; declares special dividend
The IT services company has declared a special dividend of Rs 15 per equity share for the quarter.

Tech Mahindra on October 23 reported a profit of Rs 1,064.6 crore in the quarter-ended September 2020, registering a 9.5 percent growth compared to June quarter.

Revenue from operations during the quarter increased 2.9 percent to Rs 9,371.8 crore from Rs 9,106.3 crore in the previous quarter.

The IT services company has declared a special dividend of Rs 15 per equity share for the quarter.

Should you buy the stock?

Analysts are positive on Tech Mahindra post the Q2 numbers owing to its strong operational performance, attractive valuation, and encouraging management commentary. Here’s how leading brokerages have interpreted the Q2 numbers.

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Nomura | Rating: BUY | Target Price: Rs 975
Nirmal Bang Securities | Rating: BUY | Target Price: Rs 1,017
Edelweiss Securities | Rating: Buy | Target Price: Rs 1,253
IDBI Capital | Rating: Accumulate | Target Price: Rs 972
Prabhudas Lilladher | Rating: Buy |Target Price: Rs 1,042

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Tech Mahindra Dividend declared

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

Announcement Record Date Dividend Type Dividend % Dividend Price
19/10/2020 29/10/2020 Special 300% Rs. 15/share
30/04/2020 23/07/2020 Interim 100% Rs. 5/share
18/02/2020 02/03/2020 Final 200% Rs. 10/share
21/05/2019 25/07/2019 Interim 280% Rs. 14/share
25/05/2018 26/07/2018 Final 280% Rs. 14/share
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