 "Infosys trades ex-dividend; stock up 24% in CY18")
Shares of Infosys opened 1% higher at Rs 1,259 per share on the BSE, also their new high adjusted to dividend, in otherwise subdued market. The stock of information technology (IT) major has turned ex-dividend for Rs 30.50 per share today.
The board of directors of Infosys at their meeting held over April 12-13, 2018, had recommended a final dividend of Rs 20.50 per equity share for the financial year ended March 31, 2018 and special dividend of Rs 10 per equity share.
The register of members & share transfer books of the company will remain closed on June 16, 2018 for the purpose of payment of dividends (final & special) & 37th Annual General Meeting (AGM) of the Company to be held on June 23, 2018, Infosys said in a regulatory filing.
The dividend will be paid on June 26, 2018.
Thus far in the calendar year 2018, Infosys has outperformed the market by surging 24% as compared to 4.5% rise in the S&P BSE Sensex.
At 09:48 am; the stock was trading 0.25% higher at Rs 1,249 on the BSE, against 0.44% decline in the benchmark index. A combined 702,241 shares changed hands on the counter on the NSE and BSE so far.
The board of directors of Infosys at their meeting held over April 12-13, 2018, had recommended a final dividend of Rs 20.50 per equity share for the financial year ended March 31, 2018 and special dividend of Rs 10 per equity share.
The register of members & share transfer books of the company will remain closed on June 16, 2018 for the purpose of payment of dividends (final & special) & 37th Annual General Meeting (AGM) of the Company to be held on June 23, 2018, Infosys said in a regulatory filing.
The dividend will be paid on June 26, 2018.
Thus far in the calendar year 2018, Infosys has outperformed the market by surging 24% as compared to 4.5% rise in the S&P BSE Sensex.
At 09:48 am; the stock was trading 0.25% higher at Rs 1,249 on the BSE, against 0.44% decline in the benchmark index. A combined 702,241 shares changed hands on the counter on the NSE and BSE so far.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%