A dividend is a company’s way of rewarding its investors, usually paid in cash from earnings. It serves as a return on investment for shareholders, reflecting the company’s financial health and profitability.
Wipro has announced an interim dividend of ₹6 per share following its December quarter results. Since dividends are calculated on the face value of each share, the 300% dividend translates to ₹6 per equity share with a face value of ₹2.
As per Wipro’s exchange filing, the company stated: “Payment of interim dividend of ₹6 per equity share of par value ₹2 each to the Members of the Company.”
Investors should take note of the following key dates regarding Wipro’s interim dividend:
As of January 29, 2025 (1:19 PM), Wipro’s share price was up by 2.32%. The stock has gained 2.85% in January 2025 so far.
Wipro has maintained a consistent dividend payout over the years. Below is a snapshot of past dividends:
At the current market price, Wipro’s dividend yield stands at 1.94% as of January 29, 2025. The dividend yield is an important metric for investors, indicating the return generated from dividends relative to the share price.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 29, 2025, 3:25 PM IST
Team Angel One
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