Wipro in its board meeting has considered as well as approved an interim dividend of Rs. 5 per share of par value Rs. 2 each for the financial year 2021-22. Ex-date or the date by which the investor should buy into the scrip to be eligible for the prescribed dividend or the date when the stock adjusts in price in respect of the declared dividend in the case of Wipro is April 5, 2022. For the above-specified dividend, the board has fixed Wednesday, April 6, 2022, as the “record date” for the purpose of ascertaining the eligibility of shareholders for payment of the interim dividend. Further, the payment of the interim dividends will be made on or before April 24, 2022.
Importantly, the interim dividend of Rs. 5 declared for Fy22 is the highest in the last 5 years. Earlier to this, the IT major declared Rs. 5 interim dividends for the Fy 2015-16 which was announced on January 6, 2016. Also, for this Fy 2022 itself, the company also announced 50 per cent or Rs. 1 interim dividend for which the stock turned ex-dividend on January 21, 2022.
Wipro is India’s fourth-largest IT service company by revenue after Tata Consultancy Services Limited, Infosys Limited, and HCL Technologies Limited. Wipro has a strong globally diversified presence and provides comprehensive IT services to an established customer base.
Fitch Ratings has affirmed India-based Wipro Limited’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘A-‘. The Outlook is Stable. We have also affirmed Wipro’s senior unsecured rating of ‘A-‘ and the ‘A-‘ rating on the USD750 million senior notes due 2026 issued by Wipro IT Services, LLC and guaranteed by Wipro.
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