Infosys Dividend 2024: IT bellwether announces 420% interim dividend - Check record date and other details
Infosys Dividend 2024: Meanwhile, the company has reported a 4.7 per cent rise in the September quarter net profit and raised revenue guidance after broadbased growth.
Infosys Dividend 2024: IT bellwether Infosys' board has approved an interim dividend of Rs 21 for the financial year 2024-25.
Infosys Dividend 2024: Record Date
Bengaluru-headquartered IT services major has also fixed October 29, 2024 as the record date for this corporate action.
Infosys Dividend 2024: Payment Date
According to the exchange filing, November 8, 2024 will be the payment date for this interim dividend.
"Declared an interim dividend of ₹ 21/- per equity share, fixed October 29, 2024 as a record date and November 8, 2024 as a payout date," the company said in an exchange filing.
Meanwhile, the company has reported a 4.7 per cent rise in the September quarter net profit and raised revenue guidance after broadbased growth.
Net profit of Rs 6,506 crore in July-September was up 4.7 per cent when compared to Rs 6,212 crore earnings in the same period last year. It was 2.2 per cent higher quarter-on-year, according to a company statement.
Revenue was up 4.2 per cent at Rs 40,986 crore.
Infosys for the second consecutive quarter raised the 2024-25 fiscal year revenue guidance. It now anticipates a growth of 3.75 to 4.50 per cent in revenue in the fiscal year April 2024 to March 2025, up from 3-4 per cent band it had given in the previous quarter.
The company had in July raised the revenue guidance for the fiscal from 1-3 per cent anticipated previously.
Meanwhile, Infosys was among the biggest gainers today. Mahindra & Mahindra, UltraTech Cement, Bajaj Finserv, Titan, Maruti, Axis Bank and Tata Steel were among the other big laggards.
Market benchmark indices Sensex and Nifty slumped on Thursday, taking their downward trend to the third day running amid unabated foreign fund outflows.
Intense selling in realty, auto, consumer discretionary and consumer durable stocks also dragged the markets lower.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Highest Senior Citizen FD Rates: Check what banks like SBI, BoB, Canara Bank, HDFC Bank, ICICI Bank are providing on 1-yr, 3-yr, 5yr term deposits
SBI 1777-day FD vs HDFC Bank 55-month FD: What will be maturity amounts for general and senior citizens on Rs 6 lakh and Rs 12 lakh investments?
SBI Guaranteed Return Scheme: Know what State Bank of India is offering to senior citizens and others on 1-yr, 3-yr and 5-yr fixed deposits
Know Your Gratuity: Rs 41,000 as last-drawn basic salary and 6 years and 8 months of service; what will be gratuity?
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Stocks to Buy for 15 Days: Axis Direct picks 5 stocks for up to 32% gains; check targets and other details
Sukanya Samriddhi Yojana vs PPF: Rs 1 lakh/year investment for 15 years; which can create larger corpus on maturity?
15x15x15 Formula: How your Rs 15,000 SIP investment may help you build over Rs 1 crore corpus; see calculations
04:17 PM IST