Rs 50 Per Share Dividend: IT Software Stock Set To Trade Ex-Dividend Tomorrow

Mid cap stock from the IT Software sector, MphasiS Ltd is all set to trade ex-dividend on July 5, 2023. The IT major on April 28, 2023 recommended a dividend of Rs 50/- per equity share of Rs 10/- each for the year ended March 31, 2023. Currently, MphasiS share is trading 22% down from its 52-week high price of Rs 2444.75 per share. Current market price of MphasiS Ltd stock is Rs 1902.30 apiece with an intraday fall of 0.04%. Check details below:

MphasiS Declared Rs 50/- Per Equity Share Dividend On April 28, 2023: According to the BSE filing of MphasiS, "Recommendation of a dividend of 50/- per equity share of 10/- each for the year ended 31 March 2023, which is subject to the approval of the shareholders at the ensuing Annual General Meeting."

The dividend, if declared at the ensuing Annual General Meeting of the Company, will be paid within 30 days of the Annual General Meeting, to those shareholders, whose bank account details are registered with the respective Depository participant(s) or with the Registrar and Share Transfer Agent of the Company, added the regulatory filing.

Meanwhile, Board of directors of MphasiS Ltd gave their nod to pay the equity dividend to shareholders on the record date of July 5, 2023.

MphasiS Stock Outlook & Return: Current market price of MphasiS Ltd share is Rs 1902.30 per share on BSE. Its 52-week high price is Rs 2444.75 per share and 52-week low price is Rs 1660.65 per share, respectively. It has a market capitalisation of Rs 35,868.54 crore. In last 3-months, MphasiS Ltd shares witnessed a gain of 6%, declined 15% in last 1-year, fell again 12% in last 2-years, and gave a return of 114% in last 3-years.

MphasiS Ltd Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 3403.82 crore, down 4.01% from previous quarter total income of Rs 3546.19 crore. MphasiS announced its net profit after tax at Rs 405.31 crore in the latest quarter.

MphasiS About: Mphasis applies next-generation technology to help enterprises transform businesses globally. Customer centricity is foundational to Mphasis and is reflected in the Mphasis' Front2Back^TM Transformation approach. Front2Back^TM uses the exponential power of cloud and cognitive to provide hyper-personalized (C=X2C2TM=1) digital experience to clients and their end customers, according to its official website.

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