130 per cent final dividend for Infosys investors
The IT bellwether announces a final dividend of Rs 6.50 per share, amounting to Rs.3.71 billion.business Updated: Apr 13, 2007 14:49 IST
IT bellwether Infosys Technologies Ltd on Friday declared a final dividend of Rs 6.50 per share, 130 per cent on par value of Rs 5 per share for fiscal 2006-07, amounting to Rs.3.71 billion ($86 million).
In a notification to the stock exchanges in Bangalore, the company said with an interim dividend of Rs 5 per share (100 per cent of Rs 5 per share), amounting to Rs 2.78 billion, the total dividend for the entire fiscal (FY 2007) would be Rs 11.50 per share. This would be 230 per cent on par value of Rs 5 per share, with a payout of Rs 6.49 billion.
The decision to reward its shareholders handsomely was taken by the company's board of directors, which met here to approve the financial results for the fiscal under review.
For the previous fiscal (FY 2006), the blue-chip firm rewarded its investors with a silver jubilee dividend of 600 per cent and a 1:1 bonus issue.