Infosys Dividend 2024: IT major recommends dividend of Rs 28 - Check record and payment date

Infosys Dividend 2024: IT major Infosys has recommended a dividend of Rs 28 per equity share on Thursday. The company, in an exchange filing, said that its board of directors has recommended a final dividend of Rs 20 per equity share and a special dividend of Rs 8 per equity share.

"Recommended a final dividend of ₹20/- per equity share for the financial year ended March 31, 2024 and additionally a special dividend of ₹8/- per equity share," the filing reads.

Infosys Dividend 2024: Record Date

The company has also announced the record date for this corporate action. A record date is the specific day which helps the organisation finalise the list of shareholders eligible for any corporate action.

Infosys has fixed May 31, 2024, as the record date for the payment of final dividend and special dividend.

Infosys Dividend 2024: Payment Date

According to the exchange filing, the dividend will be paid to eligible shareholders on July 1, 2024
 
"The record date for the purpose of the Annual General Meeting and payment of final dividend and special dividend is May 31, 2024. The dividend will be paid on July 1, 2024," the company said.

Infosys Dividend 2024: Q4 Results

Meanwhile, the Bengaluru-headquartered IT firm has reported a consolidated net profit of Rs 7,969 crore for the March quarter, as against Rs 6,106 crore for the previous three months. 

Infosys, the country's second-largest IT services exporter, has registered revenue of Rs 37,923 crore for the final quarter of FY24, as against Rs 37,441 crore for the October-December period. 

Earlier, Zee Business analysts had pegged the IT major's fourth-quarter net profit at Rs 6,220 crore.