1:1 Bonus Issue, Rs 7/Share Dividend: Multibagger IT Stock To Go Ex-Dividend Today

Mid cap IT Software sector stock Sonata Software Ltd will trade ex-dividend today for an interim dividend of Rs 7/- per share for financial year 2023-24. The company on October 25 considered and approved 1:1 bonus issue for which record date is yet to be decided. The company fixed November 7, 2023 as the record date for interim dividend.

Sonata Software shares offered return of 114% year-to-date and soared 399% in last 3-years. Sonata Software stock hit 52-week high on November 6, November 3, and November 2, 2023. Check details below:

Sonata Software To Trade Ex-Dividend Today For 700% Interim Dividend: As per the regulatory filing of the company issued on October 25, 2023, "Declared an Interim Dividend of Rs. 7 per share (700% on par value of Rs. 1/-) for the financial year 2023-24. The Record date for the purpose of payment of the Interim Dividend will be on Tuesday, 7th November, 2023. The Interim Dividend will be paid to the registered shareholders on or after Wednesday, 22nd November, 2023 through Electronic mode or by dividend warrants, as applicable."

Sonata Software Recommended 1:1 Bonus Issue: The company issued BSE filing pertaining to issuance of bonus issue on October 25 stating, "Considered, approved and recommended a bonus issue of 1 (one) equity share for every 1 (one) equity share held by the Shareholders of the Company as on the record date. The bonus issue of equity shares will be subject to approval by the Shareholders through Postal Ballot, and any other applicable statutory and regulatory approvals. The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted."

Sonata Software Declared Q2 FY24 Results On October 25: Sonata Software for the quarter ended September 30, 2023 announced a rise of 10% YoY in its net profit to Rs 124.2 crore as against Rs 112.7 crore announced in the corresponding period an year ago. It declared its total revenue at Rs 1912.6 crore, up 28% as compared to Rs 1496.0 crore declared in corresponding period of last year. The company declared a growth of 33% in its EBITDA at operating level to Rs 220.5 crore for the quarter under review as compared to Rs 165.7 crore announced in the last fiscal.

Sonata Software Stock Outlook & Return Over Years: Its last trading price on BSE is Rs 1241.85 per share. Its 52-week high price is Rs 1251.15 per share and 52-week low price is Rs 515.65 per share, respectively. Its market capitalisation is Rs 17,412.28 crore. Sonata Software shares gained 15% in last 2-weeks span, soared 44% in last 6-months, surged 138% in last 1-year, and witnessed a rally of 90% in last 2-years.

In last 3-years, Sonata Software Ltd shares gained 399% and soared 418% in last 5-years. Sonata Software shares jumped 5042% in last 10-years.

Sonata Software About: Sonata Software Limited is a leading Modernization engineering company, headquartered in Bangalore. Sonata provides modernization services using its proprietary Platformation^TM approach. It specializes in cloud and data modernization, Microsoft Dynamics Modernization, Digital contact center setup and management, managed cloud services and digital transformation services. Founded in 1986, the company has since grown to have a presence in North America, Europe, ANZ and Asia-Pacific, according to its official website.

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