E-Paper
Q4 results: Infosys announces final dividend of ₹20, special dividend of ₹8
Infosys dividend: The firm declared ₹34 per share ( ₹16.50 interim, ₹17.50 final) in total dividend, amounting to ₹6,844.20 crore in FY23.
Infosys Q4 results: Infosys announced a final dividend of ₹20 per share for the financial year 2023-24 and a special dividend of ₹8 per share. With this, Infosys declared a total dividend of ₹46 for the year which included an interim dividend of ₹18 per share that it announced post its second quarter results.
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Infosys' previous dividends: The second largest IT firm declared ₹34 per share ( ₹16.50 interim, ₹17.50 final) in total dividend, amounting to ₹6,844.20 crore in FY23. In FY22, it declared ₹31 per share dividend, amounting to ₹6,309 crore while in FY21, the share dividend was at ₹27 per share totalling ₹5,112 crore.
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The Infosys board also reviewed and approved the capital allocation policy for the next 5 years from FY25 – FY29. The company said, “Effective from financial year 2025, the Company expects to continue its policy of returning approximately 85 per cent of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any."
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Following this, the company expects to progressively increase its annual Dividend Per Share (excluding special dividend if any), it said.
