Infosys Dividend: Last Day To Buy Shares To Qualify — Details Here
Shares of Infosys Ltd. will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Infosys' board announced a final dividend of Rs 22 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as May 30.
The dividend will be paid on and from June 30, 2025 to those shareholders whose names appear in the register of members of the company as on the record date.
Together, with the interim dividend of Rs 21 declared by the board on Oct. 4, the total dividend for the financial year 2025 would be Rs 43 per share.
In comparison, the company had issued a final dividend of Rs 20 apiece and a special dividend of Rs 8 on May 31, 2024 and a interim dividend of Rs 18 on Oct. 25, 2023.
Given India's T+1 settlement cycle, shares purchased on the record date (May 30 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by May 29 will be the beneficiaries.
The company reported a 3% sequential increase in net profit, reaching Rs 7,033 crore for the quarter ending March 31, 2025, surpassing the forecast of Rs 6,697 crore of analysts tracked by Bloomberg.
However, revenue dropped by 2% compared to the previous quarter, totaling Rs 40,925 crore for the March quarter, as per an exchange filing on Thursday. This was lower than Rs 42,126 crore predicted by analysts monitored by Bloomberg.
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