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This Debt-Free Small-Cap IT Stock Fixes Record Date For 150% Dividend Payment

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Birlasoft Ltd, incorporated in the 1990, has fixed record date for the payment of 150% equity dividend. The small-cap company has reported a surge of 3% in its consolidated total income at Rs 1124 crore from the previous quarter total income of Rs 1084 crore. Birlasoft is a multi-shore business application global IT services provider with a presence in the United States, Europe, Asia-Pacific and India.

 

It operates development centres in the United States, China, Poland and India, according to its website. Check details pertaining to dividend's record date:

Birlasoft Ltd fixes record date for dividend payment

Birlasoft Ltd fixes record date for dividend payment

Birlasoft Ltd fixes record date for dividend payment: The company had declared a final dividend of 150% and now it has fixed its record date that is July 15, 2022. The ex-dividend date is July 14, 2022. The company's directors in their BSE filing dated June 28, 2022 stated, "The Record Date to determine the members who will be eligible to receive final dividend, if approved at the ensuing AGM, will be Friday, July 15, 2022. The said dividend, if approved, will be paid as per statutory timelines. The company had declared an equity dividend of 150% amounting to Rs 3 per share on May 23, 2022.

Birlasoft Ltd Dividend history
 

Birlasoft Ltd Dividend history

The company has a good dividend track record and declared dividend regularly for the past 5 years. The company declared a dividend of 225% amounting to Rs 4.5 per share for the year ending March 2022. The dividend yield is Rs 1.27 at the current share price of Rs 353 apiece.

Birlasoft Stock Outlook

Birlasoft Stock Outlook

The current share price of the stock is Rs 353 apiece with a decline of 4.77%. The 52-week high is Rs 585 apiece and 52-week low is 316 apiece. The PE of the stock is 21.33 which is lesser than sector PE of 28.48. The TTM EPS is 16.56. The market capitalization is Rs 9.891 crore. The company has strong financials. The company is almost debt-free.

Multibagger Returns: In the last 5 years, the stock has given 177.6% returns.

Biralsoft Overview

Biralsoft Overview

Birlasoft has a structured approach to global delivery and deploys a host of innovative solutions and service architectures. In a fast-paced market, the company closely follows customer needs and responds swiftly to deliver ever greater value. It is committed to the success of its clients, and their specific needs around language, cost, legal compliance and risk. The company features in the Top 100 global IT companies recognized by the International Association of Outsourcing Professionals (IAOP). Birlasoft is already addressing the next wave of globalization to deliver accelerated technology solutions with a focus on value and innovation.

Story first published: Thursday, June 30, 2022, 17:36 [IST]
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