Persistent Systems dividend 2024: IT firm announces Rs 10/share payout

Persistent Systems dividend 2024: Persistent Systems has announced a final dividend of Rs 10 of a face value of Rs 5 for its shareholders. The dividend is subject to the approval of members at the ensuing Annual General Meeting (AGM) which will be held on or before September 30.

The IT company in its regulatory filing dated April 21 said, "Board of Directors has recommended a Final Dividend of INR 10 (INR Ten only) per Equity Share having a face value of INR 5 (INR Five only) each for Financial Year 2023-24."

Persistent Systems dividend record date

According to the firm's filing, the record date for the dividend will be determined later. 

"This Final Dividend is subject to the approval of Members at the ensuing Annual General Meeting which will be held on or before September 30, 2024. The Book Closure and Record date for the purpose of payment of the Final Dividend for the Financial Year 2023-24 will be determined later and will be informed separately," it said. 

Persistent Systems dividend history

Since 2010, the company has announced an interim dividend of Rs 32 in January, as per data available on Trendlyne. 

Persistent Systems Q4 results

On Sunday, Persistent Systems reported a consolidated net profit of Rs 315.3 crore for the quarter ended March 31, an increase of 10.2 per cent on a quarter-on-quarter basis. Its revenue for the March quarter grew 3.7 per cent sequentially to Rs 2,590.5 crore, according to a regulatory filing. 

According to Zee Business research, Persistent Systems was estimated to report a fourth-quarter net profit of Rs 302 crore and revenue of Rs 2,575 crore. 

Its dollar revenue expanded 3.4 per cent to $310.8 million in the quarter under review from $300.5 million three months ago. Zee Business analysts had pegged the quarterly number at $310 million. Read more 

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