Hitachi Energy India sets Rs 8 dividend, profit surges 124%

Hitachi Energy India is a technology company whose shares are traded in India.

People who own a company's shares are called shareholders.

Companies often share some of their profits with shareholders, and that payment is called a dividend.

Hitachi Energy India has announced a dividend of Rs 8 for each share.

To receive it, you must own the shares by August 21, which is called the record date.

The company will ask shareholders to approve the dividend at a meeting on August 28.

If they say yes, the dividend will be paid starting that same day.

The company also reported very strong results for its latest quarter.

Its profit jumped 124% and its sales grew by more than 68% compared with a year earlier.

Because of this, its share price has risen sharply over the past week and six months.