Wipro Dividend History

wipro Dividend History

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 DateDividend (Rs)Dividend TypeDividend (%)Ex-Date
January 13, 20211Interim50January 22, 2021
January 14, 20201Interim50January 24, 2020
January 18, 20191Interim50January 29, 2019
January 11, 20181Interim50January 31, 2018
January 10, 20172Interim100February 2, 2017
April 20, 20161Final50July 11, 2016
January 6, 20165Interim250January 25, 2016
April 21, 20157Final350July 20, 2015
January 7, 20155Interim250January 22, 2015
April 17, 20145Final250July 21, 2014
January 13, 20143Interim150January 22, 2014
April 19, 20135Final250June 27, 2013
January 15, 20132Interim100January 23, 2013
April 25, 20124Final200June 28, 2012
January 10, 20122Interim100January 24, 2012
April 27, 20114Final200June 29, 2011
January 17, 20112Interim100January 27, 2011
April 23, 20106Final300June 15, 2010
April 22, 20094Final200June 29, 2009
April 21, 20084Final200June 27, 2008
October 10, 20072Interim100October 25, 2007
April 20, 20071Final50June 28, 2007
March 14, 20075Interim250March 26, 2007
April 19, 20065Final250June 29, 2006
April 22, 20055Final250June 29, 2005
April 16, 200429Final1450May 6, 2004
April 17, 20031Final50July 1, 2003
April 19, 20021Final50June 28, 2002
April 20, 20010.5Final25June 18, 2001
April 26, 20000.3Interim15May 8, 2000
May 25, 19991.5Final15July 5, 1999
May 26, 19981.5Final15June 1, 1998
August 5, 19972.5Final25August 25, 1997
July 19, 19962.5Final25August 23, 1996
July 18, 19952.5Final25August 28, 1995
July 7, 19942.5Final25August 15, 1994
July 10, 19932.5Final25September 2, 1993
July 2, 19922.5Final25August 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.