If you are eyeing L&T shares to bag the company’s biggest-ever dividend, you will need to act fast. The construction giant Larsen & Toubro (L&T) is offering a Rs 34 per share as a final dividend for FY25.
But there is a catch that you must own the shares by June 2 to qualify.
Let’s take a look at everything you need to know –
What’s the cut-off date?
L&T has fixed June 3, as the record date. This is the official day the company will check its list of shareholders eligible for the dividend.
But under the T+1 settlement system (used in Indian stock markets), if you buy shares today (June 3), the transaction won’t reflect in your demat account until tomorrow. This means that only those who bought the shares on or before June 2 are eligible.
How much is L&T paying?
L&T is rewarding shareholders with a 1700% final dividend, which translates to Rs 34 per share (on a face value of Rs 2).
Furthermore, it is interesting to note that this is the highest dividend payout in the company’s history. For comparison, L&T had announced Rs 28 per share for FY24. This makes this year’s amount a significant jump.
When will you receive the money?
The dividend will be paid after shareholders approve it at L&T’s 80th Annual General Meeting (AGM), scheduled for June 17, at 3:00 PM. The payout will follow soon after, directly to the eligible shareholders linked bank accounts.
How is L&T stock performing?
L&T’s share has shown mixed trends. In the last one month, the share price of L&T climbed 10%, and over the past five days, it gained around 1.5%.
However, the stock is down 3% in the last six months, and about 6% lower over the last one year. So far in 2025, the movement has been flat, with a minor uptick of just 0.04%.
L&T currently has a market cap of Rs 5.06 lakh crore, with a 52-week high of Rs 3,963.50 and a low of Rs 2,965.30.