Infosys share interim dividend announced: Check amount, record date and payment date

Infosys Share Dividend, Record Date, Payment Date: IT company Infosys on Thursday announced an interim dividend of Rs 16.5 per share. The total amount of the interim dividend will be approximately Rs 6,940 crore, the IT major said in an exchange filing. The company has also announced a share buyback worth Rs 9,300 crore. 

Infosys board announced an interim dividend of Rs 16.50, an increase of 10 per cent over the FY 22 interim dividend.

#InfosysQ2FY23 FY 23 Board announced an interim dividend of 16.50, an increase of 10% over FY 22 interim dividend

— Infosys (@Infosys) October 13, 2022

Earlier, the company had announced a final dividend of Rs 16 in April. The record date for the purpose final dividend was June 1, 2022.

LIVE: Infosys Q2 Results | Quarterly Earnings ANNOUNCED!

Infosys Share Dividend Record Date 

Infosys also announced the record date for determining the eligibility of the shareholders to receive the dividend amount. The record date for the dividend is October 28.

Infosys Share Dividend Payment Date 

Infosys also announced the payment date. The company has fixed November 10 as the payout date for the interim dividend of R 16.50 per share.

Infosys Share Buyback 

Infosys said that the board has also approved a buyback programme of equity shares from the open market route.

The maximum buyback size is that of Rs Rs 9,300 crore, excluding buyback tax, at a price not exceeding Rs 1,850 per share, the Bengaluru headquartered company said in the filing.

The buyback would be subject to approval from shareholders.

Meanwhile, the company has reported 11 per cent year-on-year growth in its consolidated net profit at Rs 6,021 crore for the second quarter.