Infosys: A Global Leader In IT Services Declares A Dividend

The board of Infosys Ltd has approved and declared a final dividend in the meeting held today in the afternoon along with the audited results. The announcement of the dividend was notified through the stock exchange filing. Given below are the details.

According to the filing, the board, at their meeting held on April 12-13, 2023, approved the audited consolidated financial results of the company and "recommended a final dividend of Rs 17.50 per equity share for the financial year ended March 31, 2023."

Further the record and dividend payment date also was shared. The company has set June 2, 2023 as the record date for the purposes of the Annual General Meeting and payment of final dividend and will pay out the dividend by July 3, 2023.

The company has paid a total dividend of Rs 33 per equity share for FY 2023, including previously paid interim dividend of Rs 16 per share. Based on the current market price of Rs 1388.60 per share, this results in a dividend yield of 2.37%.

The stock price of Infosys is down by nearly 3% at Rs 1388.60 per share, over previous closing. In last one year it has fallen by 14.21% and over last three years it has surged massively by 118.33%.

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