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Infosys declares 440 percent final dividend

Karnataka,Business/Economy, Fri, 13 Apr 2012 IANS

Bangalore, April 13 (IANS) IT giant Infosys Ltd Friday declared a final dividend of Rs.22 per share for fiscal 2011-12, which is 440 percent over its par value of Rs.5 per share.

 

In a regulatory filing Friday, the IT bellwether said its board of directors had also recommended a special dividend of Rs.10 per share or 200 percent for its back office operations (business process outsourcing) completing 10 years.

 

Earlier, the blue chip company gave an interim dividend of Rs.15 per share or 300 percent in October 2011 for the first half (April-Sept) of fiscal 2012.

 

As a result, total dividend for the fiscal under review (2011-12) is Rs.37 per share or 740 percent. With a special dividend of Rs.10 or 200 percent, the overall payout for each investor will be a whopping Rs.47 per share of Rs.5 on par or 940 percent.

 

The company's scrip was quoting at Rs.2,498 on the Bombay Stock Exchange in the early hours of trading as against Wednesday's closing rate of Rs.2,750 and opening rate of Rs.2,540.

 


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