Persistent Dividend 2023: IT firm announces interim dividend – check amount, record and payout date

Persistent interim dividend 2023: Mid-tier IT company Persistent Systems announced Rs 28 per share as an interim dividend for the financial year 2022-23, along with its October-December quarter earnings of the current fiscal.

According to the exchange filing of Persistent, “The Board of Directors at its meeting held on Wednesday, January 18, 2023, approved the Interim Dividend of Rs 28 per share, which will be paid to the members by Monday, February 6, 2023.”

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Persistent Dividend 2023: Record Date

The company has fixed Friday, January 27, 2023, as the 'Record Date' for the dividend pay-out, it said in a separate filing on Wednesday.

What are ex-dividend and record date?

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A record date is a day on which a company identifies the shareholders eligible to receive a dividend payout. 

A payment date is the actual day when the dividend is transferred to the eligible shareholders.

Simply put, these dates determine which investors will actually receive a dividend.

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Persistent dividend history

Persistent Systems Ltd has declared 28 dividends since May 3, 2010, according to the stock analysis portal Trendlyne.

In the past 12 months, Persistent Systems Ltd has declared an equity dividend amounting to Rs 31.00 per share, Trendlyne data showed. At the current share price of Rs 3959.60, this results in a dividend yield of 0.78 per cent.

The dividend yield is a key metric that determines the amount of divident payouts by a company relative to its share price.