Infosys declares 300% interim dividend

Even in hard times, IT bellwether Infosys Ltd has rewarded its investors by declaring a whopping 300% interim dividend for first half (June-Sep) of this fiscal (2012-13).

Even in hard times, IT bellwether Infosys Ltd has rewarded its investors by declaring a whopping 300% interim dividend for first half (June-Sep) of this fiscal (2012-13).

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In a regulatory filing on Friday, the global software major said it would pay Rs 15 per share of Rs 5 on par value for the period ending September 30, same as in the like period of last fiscal (2011-12).

The blue chip firm's scrip, however, lost over seven percent on the Bombay Stock Exchange (BSE) in the first hour of trading at Rs 2,350 at 10 am as against Thursday's closing of Rs 2,531.