Infosys ex-dividend date: IT major stocks trade ex-dividend today, up 1% | Infosys Share Dividend Record Date 2022

Infosys Ex Dividend Date, Infosys Share Dividend Record Date 2022: Infosys shares traded ex-dividend date today, October 27. At 11 AM, Infosys stocks were in green, gaining more than 1 per cent on both BSE and NSE. The stock quotes Rs 1,534 apiece on BSE and Rs 1,533 on NSE.

Infosys Share Dividend Record Date 2022

Infosys has fixed the record date for determining the eligibility of shareholders for interim dividend payment for the financial year 2022-23. Infosys share dividend record date is October 28, according to an exchange filing by the company.

Infosys Share Dividend Amount

Infosys has announced that it will pay a dividend of Rs 16.50 per share to its shareholders. The dividend amount translates into 330 per cent. Infosys share face value is Rs 5 each.

"We wish to inform you that the Board of Directors (“Board") of Infosys Limited ( “Company") at its meeting declared an interim dividend of Rs 16.50 per equity share. Fixed October 28, 2022 as record date for interim dividend and November 10, 2022 as payout date," Infosys informed exchanges earlier.

Infosys Q2 Results

The Bengaluru headquartered company earlier this month released its Q2 results. The company posted better-than-expected 11 per cent rise in consolidated net profit at Rs 6,021 crore for the September quarter and announced buyback of shares worth Rs 9,300 crore.

The company raised its FY23 revenue growth guidance to 15-16 per cent, pushing the forecast towards the higher end of previously-projected 14-16 per cent band, buoyed by "strong large deals pipeline" and good demand momentum despite global macroeconomic concerns.

Infosys Share Price Targets 

Brokerages are bullish on Infosys stock after the company released its second quarter earnings. 

Global brokerage firm Credit Suisse has given an outperform call on Infosys, revising its target price from Rs 1710, topping it by Rs 10 from the previous Rs 1700. HSBC has also given a buy call, but reduced target price of 1640 by Rs 25 per share from the previous Rs 1665.

CITI has raised the target price by Rs 60 per share with a buy rating. It had set a target of Rs 1,625 earlier which now is set at Rs 1685.

Infosys Share Price 

Infosys stock has corrected more than 20 per cent this year. The stock is available at a discount of nearly 30 per cent from its 52-week high of Rs 1953.90. Infosys has yielded a negative return of around 30 per cent in 2022. Currently, the company's market cap is around Rs 638000 crore, according to the NSE website.

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