This midcap IT company approves interim dividend. Do you own it?

the board has approved an interim dividend for the financial year ending March 31, 2023 at Rs 7 per share

On Tuesday, Mastek Ltd announced that the board has approved an interim dividend for the financial year ending March 31, 2023 at Rs 7 per share (140 per cent of the face value of Rs 5 each), which will be paid to eligible shareholder within 30 days. The company has kept February 01, 2023 as the record date to ascertain the eligibility of shareholders for payment of interim dividend.   

On January 12, 2023, the company had announced that it had partnered with King Faisal Specialist Hospital & Research Centre in the kingdom of Saudi Arabia, which is a first of a kind of healthcare transformation.   

Mastek was chosen for this transformative exercise due to its deep expertise in the healthcare vertical, coupled with its digital engineering and cloud capabilities, a vast partner network and long-term relationship with the client. Further, as a preferred Oracle partner with a strong pool of 2000+ Oracle experts and 100+ industry-specific solutions, Mastek was seen as the right partner to deliver the right outcomes.  

Mastek is a provider of vertically-focused enterprise technology solutions. Having its presence in IT industry for almost 4 decades, Mastek Ltd has evolved from an IT solutions provider to digital transformation partner. The company's primary services include application development, application maintenance & support, ERP and cloud migration, business intelligence & analytics, agile consulting, assurance & testing and digital commerce.  

Keep a close eye on this trending midcap IT stock.