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Dividend Yield: 3.6%

HCL Technologies, with a dividend yield of 3.58%, ranks in the top quartile of Indian dividend payers. The company's dividends are supported by a cash payout ratio of 65.1% and an earnings payout ratio of 89.1%. Despite this, HCLTech's dividend history has been marked by volatility over the last decade, raising concerns about the reliability and sustainability of its payouts. Recent strategic expansions and alliances, such as new offices in North America and partnerships for advanced AI solutions, underscore its commitment to growth and innovation in key markets.

• Click to explore a detailed breakdown of our findings in HCL Technologies' dividend report.

• According our valuation report, there's an indication that HCL Technologies' share price might be on the cheaper side.

Redington

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Redington Limited operates as a supply chain solutions provider in both India and international markets, with a market capitalization of approximately ₹169.63 billion.

Operations: Redington Limited generates its revenue from providing supply chain solutions across various global markets.

Dividend Yield: 3.3%

Redington Limited, despite a recent dividend of INR 6.20 per share, shows a mixed track record in dividend reliability and stability over the past decade. The company's dividends are supported by an earnings payout ratio of 40.4% and a cash payout ratio of 58.8%, indicating reasonable coverage by both earnings and cash flows. However, its dividends have experienced volatility, reflecting some level of unpredictability in payouts. Financial performance for FY2024 showed an increase in sales to INR 893.46 billion but a drop in net income to INR 12.19 billion from the previous year’s INR 13.93 billion, suggesting potential challenges ahead for sustaining dividend growth despite current adequate coverage ratios.

• Get an in-depth perspective on Redington's performance by reading our dividend report here.

• In light of our recent valuation report, it seems possible that Redington is trading behind its estimated value.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NSEI:GULFOILLUB NSEI:HCLTECH and NSEI:REDINGTON.

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