Wipro announced an interim dividend of ₹2 per equity share along with its Q1 results, with the record date fixed on July 27. As reported by Moneycontrol, the company's board of directors approved this dividend during their meeting, with payment scheduled on or before August 14. The IT major has established itself as a consistent dividend payer, making this announcement part of its regular corporate action schedule. Following the dividend announcement, Wipro shares demonstrated positive momentum, closing at ₹177.12 in the previous trading session with a gain of 1.32%, translating to an interim dividend yield of approximately 1.12%. The company's robust financial performance provides a strong foundation for this latest dividend declaration, with consolidated revenue of ₹24,478.60 crore for the quarter ending June 2026.
Today marks the final opportunity for investors to purchase shares of 10 companies to become eligible for upcoming dividend payments, with July 27, 2026 serving as the ex-dividend date for all dividend distributions. According to The Economic Times, investors must buy shares at least one trading day before the ex-dividend date to ensure shares are credited to their demat accounts in time for the corporate action. This deadline applies to major companies including Science Applications International (SAIC), NetApp, Bank OZK, and several other companies, making today the last chance for investors to participate in these dividend distributions. The pay dates for these ten stocks are scheduled for various dates throughout the month, with some payouts as early as July 24, 2026.
Among the 12 companies, several have announced substantial dividend payouts. Amara Raja Energy & Mobility Ltd. announced a final dividend of ₹5.20 per share, while Deepak Nitrite will distribute a final dividend of ₹7.5 per share. Universal Cables has declared a final dividend of ₹4.5 per share, and Vindhya Telelinks approved a final dividend of ₹6 per share. Birla Cable will pay a final dividend of ₹1.25 per share, and Everest Industries announced a final dividend of ₹1 per share.
Bank OZK stands out with a 3.59% yield and eight straight quarters of dividend growth, making it an attractive income opportunity despite recent market volatility. The bank trades at a trailing P/E of 8x on TTM EPS of $6.15, with the $1.92 forward dividend at well under a third of earnings. However, the stock has declined 6.58% over the past week due to heavy commercial real estate exposure concerns. The dividend has increased by a penny per quarter for eight consecutive quarters, demonstrating consistent growth in income distributions.
Wipro's current interim dividend of ₹2 per share reinforces its commitment to shareholder value creation, with the company maintaining a strong dividend track record. According to Moneycontrol, Wipro declared a total dividend of ₹11 per share for the fiscal year ending March 2026, with previous dividends standing at ₹6 per share in March 2025, ₹1 per share in March 2024, ₹1 per share in March 2023, and ₹6 per share in March 2022. The company's robust financial performance supports this dividend distribution policy, with consolidated revenue of ₹92,624 crore and consolidated net profit of ₹13,239.80 crore for the period ending March 2026. This consistent dividend history demonstrates Wipro's strong operational capabilities and ability to generate significant earnings while maintaining its commitment to regular shareholder returns.
