Infosys Dividend 2024: IT bellwether announces 420% interim dividend - Check record date and other details

Infosys Dividend 2024: IT bellwether Infosys' board has approved an interim dividend of Rs 21 for the financial year 2024-25. 

Infosys Dividend 2024: Record Date

Bengaluru-headquartered IT services major has also fixed October 29, 2024 as the record date for this corporate action.

Infosys Dividend 2024: Payment Date 

According to the exchange filing, November 8, 2024 will be the payment date for this interim dividend.

"Declared an interim dividend of ₹ 21/- per equity share, fixed October 29, 2024 as a record date and November 8, 2024 as a payout date," the company said in an exchange filing.

Meanwhile, the company has reported a 4.7 per cent rise in the September quarter net profit and raised revenue guidance after broadbased growth.

Net profit of Rs 6,506 crore in July-September was up 4.7 per cent when compared to Rs 6,212 crore earnings in the same period last year. It was 2.2 per cent higher quarter-on-year, according to a company statement.

Revenue was up 4.2 per cent at Rs 40,986 crore.

Infosys for the second consecutive quarter raised the 2024-25 fiscal year revenue guidance. It now anticipates a growth of 3.75 to 4.50 per cent in revenue in the fiscal year April 2024 to March 2025, up from 3-4 per cent band it had given in the previous quarter.

The company had in July raised the revenue guidance for the fiscal from 1-3 per cent anticipated previously.

Meanwhile, Infosys was among the biggest gainers today. Mahindra & Mahindra, UltraTech Cement, Bajaj Finserv, Titan, Maruti, Axis Bank and Tata Steel were among the other big laggards.

Market benchmark indices Sensex and Nifty slumped on Thursday, taking their downward trend to the third day running amid unabated foreign fund outflows.

Intense selling in realty, auto, consumer discretionary and consumer durable stocks also dragged the markets lower.