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Business News/ Companies / Company Results/  Infosys dividend: IT major declares final dividend of 28 per equity share, check record date
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Infosys dividend: IT major declares final dividend of ₹28 per equity share, check record date

Infosys dividend: IT giant on Thursday declared a final dividend of ₹20 per quity share for FY24, special dividend of ₹8 per share. The company reported a net profit of ₹7,969 crore in the March quarter. Its revenue came in at ₹ ₹37,923

Infosys dividend declared: The IT giant announced a final dividend of ₹28 per share on Thursday. Check record date and payment date herePremium
Infosys dividend declared: The IT giant announced a final dividend of 28 per share on Thursday. Check record date and payment date here

Infosys dividend: IT major Infosys declared its Q4 FY24 results on Thursday. Along with its results, the tech giant declared a final dividend of 20 per equity share for FY24. Along with this, it announced a special dividend of 8 per share.

Infosys Q4 results LIVE Updates

“Recommended a final dividend of 20/- per equity share for the financial year ended March 31, 2024, and additionally a special dividend of 8/- per equity share," said the company in its stock filing.

The Narayana Murthy-founded IT company reported a net profit of 7,969 crore in the March quarter, whereas its revenue came in at 37,923 crore for Q4 FY24. 

Also Read: Infosys Q4 Results: Attrition rate declines further to 12.6% as profit jumps to 7,969 crore

Infosys dividend declared: What are the record date, and payment date?

The board has recommended a final dividend of 20 per equity share and a special dividend of 8 per share. The record date for the payment of final dividend and special dividend is fixed as May 31, 2024. 

Whereas, the payment of the dividend to eligible shareholders will be made on July 1, 2024. The 43rd Annual General Meeting of Infosys members will be held on June 26.

Also Read: Infosys Q4 result: Net profit jumps, attrition rate declined; top 5 highlights of Infosys Q4 earnings

All about Infosys Q4 FY24 results

The IT giant reported a 30% annual rise in net profit of 7,975 crore during the quarter under review against a profit of 6,134 crore earned during Q4 FY23. Infosys' revenue for the quarter increased by 1.3 per cent annually to 37,923 crore. However, its revenue in constant currency (CC) terms remained flat YoY and declined by 2.2 per cent QoQ, according to Infosys. 

“We delivered the highest ever large deal value in the financial year 2024. This reflects the strong trust clients have in us. Our capabilities in Generative AI continue to expand. We are working on client programs, leveraging large language models with impact across software engineering, process optimization, and customer support, said Salil Parekh, CEO and MD, of Infosys. The company's operating margin witnessed a 0.9% QoQ decline to 20.1%.

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Published: 18 Apr 2024, 05:12 PM IST
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