Infosys declares 440 % final dividend
IT giant Infosys Ltd today declared a final dividend of Rs 22 per share for fiscal 2011-12, which is 440 % over its par value of Rs 5 per share.business Updated: Apr 13, 2012 10:52 IST
IT giant Infosys Ltd on Friday declared a final dividend of Rs 22 per share for fiscal 2011-12, which is 440 % over its par value of Rs 5 per share.
In a regulatory filing on Friday, the IT bellwether said its board of directors had also recommended a special dividend of Rs 10 per share or 200 % for its back office operations (business process outsourcing) completing 10 years.
Earlier, the blue chip company gave an interim dividend of Rs 15 per share or 300 % in October 2011 for the first half (April-Sept) of fiscal 2012.
As a result, total dividend for the fiscal under review (2011-12) is Rs 37 per share or 740 %. With a special dividend of Rs 10 or 200 %, the overall payout for each investor will be a whopping Rs 47 per share of Rs 5 on par or 940 %.
The company’s scrip was quoting at Rs 2,498 on the Bombay Stock Exchange in the early hours of trading as against Wednesday’s closing rate of Rs 2,750 and opening rate of Rs 2,540.