NewsCorporate ActionsThree Companies Announce Dividend Payouts: CyberTech Systems, Hexaware Tech, and Rashtriya ChemicalsThree Companies Announce Dividend Payouts: CyberTech Systems, Hexaware Tech, and Rashtriya Chemicals
CyberTech Systems declares a special dividend of Rs 20.00 per share with a record date of October 6. Hexaware Tech announces an interim dividend of Rs 5.75 per share, totaling Rs 350.00 crore, with a record date of October 10. Rashtriya Chemicals sets a final dividend of Rs 1.32 per share, amounting to Rs 73.00 crore, also with a record date of October 10. Investors must purchase shares before the record date to qualify for dividends under India's T+1 settlement cycle.
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Three companies have recently announced dividend payouts, with varying amounts and record dates. Let's break down the details for each company:
Dividend Announcements
| Company Name | Dividend Type | Amount per Share | Record Date | Total Payout |
|---|---|---|---|---|
| CyberTech Systems | Special | Rs 20.00 | October 6 | Not specified |
| Hexaware Tech | Interim | Rs 5.75 | October 10 | Rs 350.00 crore |
| Rashtriya Chemicals | Final | Rs 1.32 | October 10 | Rs 73.00 crore |
Key Points
CyberTech Systems has declared a special dividend of Rs 20.00 per share, with the record date set for October 6.
Hexaware Tech announced an interim dividend of Rs 5.75 per share, involving a total payout of Rs 350.00 crore. The record date for this dividend is October 10.
Rashtriya Chemicals has set a final dividend of Rs 1.32 per share, with the record date also on October 10. The total payout is approximately Rs 73.00 crore.
Important Information for Investors
Under India's T+1 settlement cycle, investors must purchase shares before the record date to qualify for dividend payments.
For Rashtriya Chemicals, it's worth noting that the central government owns 75% of the company's equity.
Investors interested in these dividends should ensure they hold the respective shares before the mentioned record dates to be eligible for the payouts. As always, it's advisable to consult with a financial advisor before making investment decisions based on dividend announcements.
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