Infosys pays record 870% dividend for 2017-18

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Bengaluru, April 13 (IANS) Global software major Infosys Ltd on Friday rewarded its investors with a record 870 per cent aggregate dividend or Rs 43.50 per share of Rs 5 face value for fiscal 2017-18.

In a regulatory filing on the BSE, the city-based IT firm said its board had agreed to pay out a total dividend of Rs 33.50 per share (670 per cent), including Rs 20.50 (410 per cent) final dividend and Rs 13 (260 per cent) interim dividend and a special dividend of Rs 10 per share (200 per cent).

Total dividend paid in previous fiscal (2016-17) was Rs 25.75 (515 per cent) per share, including Rs 14.75 (295 per cent) final and Rs 11 (220 per cent) interim.

The company’s blue-chip scrip gained Rs 6.75 to close at Rs 1,169 per share at the end of Friday’s trading on the BSE as against Thursday’s closing price of Rs 1,162.25 and opening price of Rs 1,174.50.

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The scrip also traded at a high of Rs 1,184 and a low of Rs 1,150.20 during the intra-trading.

–IANS

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