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HindustanTimes Mon,21 Apr 2014

Infosys declares 540% final dividend

IANS  Bangalore, April 12, 2013
First Published: 13:56 IST(12/4/2013) | Last Updated: 13:57 IST(12/4/2013)

Infosys Ltd has declared a final dividend of Rs. 27 per share of Rs. 5 on par value, which translates into a whopping 540% payout for fiscal 2013-14, as per the Indian account standard.

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In a regulatory filing on Friday, the IT bellwether said its board of directors recommended a final dividend of Rs. 27 per share for fiscal 2013.

The global software major declared an interim dividend of Rs. 15 per share in October 2012 for the first half (April-September) of last fiscal or 300% payout.

With an additional Rs. 12 per share or 240% for the second half of the fiscal under review, the total dividend payout will be Rs. 27 or 540%.

In contrast, the company gave a final dividend of Rs. 22 per share for the previous fiscal (2011-12) or 440% and a special dividend of Rs. 10 per share (200%) for its business process outsourcing (back office operations) completing 10 years.

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