Wipro is an Indian multinational company that was founded on 29 December 1945 by Mohamed Premji.
Wipro’s headquarter is in Sarjapur Road Bangalore, Karnataka, India.
Wipro’s key products include Personal care, Health care, Lighting, and Furniture.
The key services offered by Wipro are IT Services, Consulting, Outsourcing, managed Services.
A dividend is a small form of payment given out of the profits to shareholders of a company as a form of gratitude.
They are nowadays considered an important test to see the company’s strength and determine the enterprise as a stable corporation.
They have even become a form of secondary income for investors that want a maximum return from their portfolio.
This article will cover everything you need to know about dividends before buying shares of a company.
Wipro Dividend History
|Announcement Date||Dividend (Rs)||Dividend Type||Dividend (%)||Ex-Date|
|January 13, 2021||1||Interim||50||January 22, 2021|
|January 14, 2020||1||Interim||50||January 24, 2020|
|January 18, 2019||1||Interim||50||January 29, 2019|
|January 11, 2018||1||Interim||50||January 31, 2018|
|January 10, 2017||2||Interim||100||February 2, 2017|
|April 20, 2016||1||Final||50||July 11, 2016|
|January 6, 2016||5||Interim||250||January 25, 2016|
|April 21, 2015||7||Final||350||July 20, 2015|
|January 7, 2015||5||Interim||250||January 22, 2015|
|April 17, 2014||5||Final||250||July 21, 2014|
|January 13, 2014||3||Interim||150||January 22, 2014|
|April 19, 2013||5||Final||250||June 27, 2013|
|January 15, 2013||2||Interim||100||January 23, 2013|
|April 25, 2012||4||Final||200||June 28, 2012|
|January 10, 2012||2||Interim||100||January 24, 2012|
|April 27, 2011||4||Final||200||June 29, 2011|
|January 17, 2011||2||Interim||100||January 27, 2011|
|April 23, 2010||6||Final||300||June 15, 2010|
|April 22, 2009||4||Final||200||June 29, 2009|
|April 21, 2008||4||Final||200||June 27, 2008|
|October 10, 2007||2||Interim||100||October 25, 2007|
|April 20, 2007||1||Final||50||June 28, 2007|
|March 14, 2007||5||Interim||250||March 26, 2007|
|April 19, 2006||5||Final||250||June 29, 2006|
|April 22, 2005||5||Final||250||June 29, 2005|
|April 16, 2004||29||Final||1450||May 6, 2004|
|April 17, 2003||1||Final||50||July 1, 2003|
|April 19, 2002||1||Final||50||June 28, 2002|
|April 20, 2001||0.5||Final||25||June 18, 2001|
|April 26, 2000||0.3||Interim||15||May 8, 2000|
|May 25, 1999||1.5||Final||15||July 5, 1999|
|May 26, 1998||1.5||Final||15||June 1, 1998|
|August 5, 1997||2.5||Final||25||August 25, 1997|
|July 19, 1996||2.5||Final||25||August 23, 1996|
|July 18, 1995||2.5||Final||25||August 28, 1995|
|July 7, 1994||2.5||Final||25||August 15, 1994|
|July 10, 1993||2.5||Final||25||September 2, 1993|
|July 2, 1992||2.5||Final||25||August 21, 1992|
The First time Wipro gave dividends in 1992 of Rs. 2.5.
For the last 10 years, Wipro is given dividends every year.
Wipro has a good track record of giving dividends.
Is Dividend Good For The Company?
Yes, a dividend is good for the company because it makes it more attractive to the shareholders.
The return of profits can be seen as a thank you note for the investors to trust the company.
Dividends are a strong sign that the company’s balance sheet is strong and positive.
Companies that pay dividends with consistent returns tend to be highly valued stocks with high market share rates.
High stock price means larger market capitalization, and the company has a larger credit score to take on debt.
Who Is Eligible For A Dividend?
Any shareholder owns a company’s stock for more than one business day before the ex-date dividends are paid out.
How Do Dividends Get Paid?
Dividends are paid to the shareholder through a cheque that the shareholder can encash.
A shareholder can also apply to receive the dividends in the form of additional company stocks.
The stock-based Dividend is called a DRIP (Dividend Return Investment Plans) and is considered an additional investment.
Why Do Companies Not Pay Dividends?
Small companies or startups do not pay dividends to their shareholders because they tend to be growing firms.
They need many investments to fuel the expansion and become bigger as a company.
Only highly well-established companies with no need for investment for future expansion tend to pay dividends.
What Is The Dividend Announcement Date?
The company management comes together to announce when the company will pay dividends to the shareholders.
The data then has to be approved by the shareholders before encashing their dividend cheques.
Types Of Dividend
There are three types of Dividends that shareholders can receive-
- Cash Dividends: You can receive these in the electronic transfer or the form of a cheque.
- Property Dividends: A shareholder can receive one of the company’s assets as a form of property dividends.
- Stock Dividends: These are additional stocks issued to the shareholder as a form of dividend return.
What Is The Ex-Date Of The Dividend?
The ex-date of the Dividend refers to the specific date before which a new shareholder must apply for a Dividend.
If the shareholder buys the stock on the day or the ex-date of the Dividend, the seller will get a dividend.
It is essentially a deadline for the new shareholders to come on board to get a dividend.