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Business News/ Markets / Stock Markets/  Infosys shares to trade ex-dividend today. Akshata Murty to earn 68 crore

Stock in focus: Infosys shares will be one of the stocks in focus today as the IT major is going to trade ex-dividend today. The dividend stock has declared 17.50 per share final dividend for its eligible shareholders for the financial year 2022-23. The board of directors of Infosys had fixed 2nd June 2023 as record date for finalising the eligible shareholders of the company for final dividend payment.

Infosys dividend 2023

Informing Indian bourses about the final dividend payment, Infosys had said, "This has reference to our letter dated March 14, 2023, regarding the captioned subject. The Board, at their meeting held on April 12-13, 2023, transacted the following items of business: Recommended a final dividend of 17.50 per equity share for the financial year ended March 31, 2023.

Infosys dividend record date 2023

On dividend record date, Infosys informed Indian exchanges, "The record date for the purposes of the Annual General Meeting and payment of final dividend is June 2, 2023. The dividend will be paid on July 3, 2023."

Rise Akshata Murty's net worth

As per the dividend payment rule, those who hold the stock on dividend record date are eligible for the payment of dividend announced by the listed entity. As per the shareholding pattern of Infosys for January to March 2023 quarter, Akshata Murty holds 3,89,57,096 Infosys shares or 1.07 per cent stake in the company.

As Infosys has declared 17.50 per share final dividend and Akshata Murty holds 3,89,57,096 Infosys shares, Akshata Murty's net worth is expected to rise by 68,17,49,180 or to the tune of 68 crore after this final dividend payment. However, this rise in Akshata Murty's net worth is subject to her shareholding on the record date of dividend payment i.e. today.

Infosys Q4 results 2023

Infosys reported a sequentially weak quarter in the period ending March 31, 2023 (Q4FY23). The IT giant's Q4 PAT came in at 6,128 crore down by nearly 16 per cent QoQ. While revenue also dipped by 2.2 per cent QoQ to 37,441 crore. In constant currency, the company's revenue growth came in at 3.2 per cent QoQ and 8.8 per cent YoY. The operating margin stood at 21 per cent in Q4.

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Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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Updated: 02 Jun 2023, 08:37 AM IST
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