Q4 results: Infosys announces final dividend of ₹20, special dividend of ₹8 - Hindustan Times

Q4 results: Infosys announces final dividend of 20, special dividend of 8

Apr 18, 2024 05:44 PM IST

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.

After TCS, India's second-largest IT firm, Infosys, declared its Q4 results.
After TCS, India's second-largest IT firm, Infosys, declared its Q4 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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Read more: Q4 results: Infosys’ full-year headcount declines for the first time in 23 years. Here's why

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."

Read more: Bajaj Auto Q4 results: Net profit at 2011.43 crore, beats estimates

Following this, the company expects to progressively increase its annual Dividend Per Share (excluding special dividend if any), it said.

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