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Infy rewards investors with 870% dividend for 2017-18

Author: IANS/Saturday, April 14, 2018/Categories: Corporate

Infy rewards investors with 870% dividend for 2017-18

Bengaluru - Global software major Infosys Ltd on Friday rewarded its investors with a record 870% aggregate dividend or Rs 43.50 per share of Rs 5 face value for fiscal 2017-18.

In a regulatory filing on the BSE, the city-based IT firm said its board had agreed to pay out a total dividend of Rs 33.50 per share (670%), including Rs 20.50 (410%) final dividend and Rs 13 (260%) interim dividend and a special dividend of Rs 10 per share (200%).

Total dividend paid in previous fiscal (2016-17) was Rs 25.75 (515%) per share, including Rs 14.75 (295%) final and Rs 11 (220%) interim.

The company's blue-chip scrip gained Rs 6.75 to close at Rs 1,169 per share at the end of Friday's trading on the BSE as against Thursday's closing price of Rs 1,162.25 and opening price of Rs 1,174.50.

The scrip also traded at a high of Rs 1,184 and a low of Rs 1,150.20 during the intra-trading.

The global software major reported a 28.1% sequential decline in consolidated net profit, in rupee terms, to Rs 3,690 crore for the fourth quarter of 2017-18.

In a regulatory filing on the BSE, the city-based IT firm said consolidated revenue for the quarter under review was up 1.6% sequentially to Rs 18,083 crore in rupee terms.

On a yearly basis, net profit, however, grew 2.4% and revenue 5.6% in rupee terms.

Under the International Financial Reporting Standards, in dollar terms, consolidated net income declined 28.1% sequentially to $571 million but gross income was up 1.8% sequentially to $2,805 million.

On yearly basis, net income, however, grew 5.3% and gross income grew 9.2%.

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