Infosys Board To Consider Share Buyback, Special Dividend. Infosys to discuss share buyback, special dividend at Jan 11 board meet . ... Infosys Technologies Ltd. Dividend policy Active Price as of: JAN 05, 02:46 PM EDT $17.65 +0.4 +2.32% INFY: NYSE (Stock) Infosys Technologies Ltd. Dividend … As it is important for the Company to receive the relevant information from shareholders to determine the rate of tax deduction, the Company has sent out communications to shareholders as per the classification given below (please click below hyperlink for … Business | Indo-Asian News Service | Tuesday January 8, 2019 . This was done through a special dividend of Rs 10 per share that was to result in a payout of about Rs 2,600 crore in June 2018. Infosys, India’s second-largest IT services company, is all set to consider a share buyback programme and a special dividend in its board meeting scheduled to be held on Friday, January 11, 2019. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Infosys announces dividend of Rs 10.50 per share. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Infosys dividend 2019 “The board of directors in their meeting on October 11, 2019, declared an interim dividend of Rs 8 per equity share (approximately $0.11 per equity share) which would result in a net cash outflow of approximately Rs 4,092 crore ($577 million) excluding dividend paid on treasury shares and including dividend distribution tax,” Infosys said in a statement on October 11, 2019. Infosys today announced it Q4 earnings (MINT_PRINT) Infosys net profit at ₹ 4321 crore in Q4, announces dividend of ₹ 9.5/share 1 min read. Infosys had completed its maiden buyback of … Market HIGHLIGHTS: Sensex ends at record closing high, Nifty near 14,350; Maruti, Tech Mahindra zoom over 5%, Don't have taxable income? Wipro’s crosstown peer Infosys Ltd. announced a buyback of 10.3 crore shares and a special dividend for … View past three years data now. The firm also announced a buyback under open market route of Rs 8,260 crore at a Maximum price of Rs 800 per share. (File Photo) Allaying fears of investors, Bengaluru-based tech giant Infosys on Saturday said the investments made over the … For the year ending March 2020 Infosys has declared an equity dividend of 350.00% amounting to Rs 17.5 per share. In April last year, Infosys board had said it had identified an amount of up to Rs 13,000 crore to be paid to shareholders. Infosys pays an annual dividend of $0.27 per share, with a dividend yield of 1.53%. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. buyback under open market route of Rs 8,260 crore at a maximum price of Rs 800 per share. Infosys has reported Q3 results below street estimates as net profit came in 12% down at Rs 3,609 crore, in the Oct-Dec quarter. Reason why educators are using this for assessment, Elon Musk surpasses Jeff Bezos as world’s richest person, Over 3-5 years, Reliance can beat Sensex, Nifty, Rakesh Jhunjhunwala's Rs 7,600 crore bet paying off as Titan's growth phase kicks in, Is YES Bank's turnaround story complete? Infosys has announced an interim dividend of Rs12 per equity share, while presenting the financial performance for the quarter ending September 2020 (Q2FY21) period. You still need to file income tax return in these cases, Sell TCS, Bajaj Finance, other Nifty, Next 50 shares even as these benchmarks hit new 52-week highs, Want to continue using WhatsApp? Click here to join our channel and stay updated with the latest Biz news and updates. Tomorrow is different. Infosys also announced a buyback under open market route of Rs 8,260 crore at a maximum price of Rs 800 per share. Prashant Kumar answers, Multibagger stock! The net profit implies a minor miss as compared to CNBC Tv18 poll of Rs 4,115 crore. Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. INFY's most recent semi annually dividend payment was made to shareholders of record on Friday, October 23. Infosys creates 36% return for shareholders in FY19 1 min read. Why follow tips? Updated: 22 Jun 2019, 07:55 PM IST IANS. Notably, the IT major is the second firm to report quarterly results in this quarter from the information technology pack, after India’s largest IT firm TCS reported Q3 results yesterday. Infosys also announced an interim dividend of Rs 8 per equity share. Infosys Q4 profit grows 11% YoY to Rs 4,078 crore, beats Street estimates. Download The Economic Times News App to get Daily Market Updates & Live Business News. The 9 months revenues grew by 16.6% in INR terms; and 8.1% in constant currency terms. India's major IT behemoth Infosys has approved a special dividend of Rs 4 per share, and also announced buyback under open market route of Rs 8,260 crore at a maximum price of Rs 800 per share. See all forthcoming dividends Check out stocks with top dividend. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion, ICICI Prudential Bluechip Fund Direct-Growth. Infosys share price, dividend news, stock price, latest news, share price today, share … The Board approved a special dividend … The firm also announced a buyback under open market route of Rs 8,260 crore at a Maximum price of Rs 800 per share. Notably, the IT major is the second firm to report quarterly results in this quarter from the information technology pack, after India’s largest IT firm, Infosys Q3 results 2019 Firm announces dividend of Rs 4 share buyback of up to Rs 8260 crore, DHFL FD holders plan to vote against resolution on distribution mechanism, TCS posts stellar numbers in Q3, net profit up 3.2% quarter-on-quarter, Tata Steel’s sales momentum continues as Q3 production grows 3% Y-o-Y, Sun Pharmaceutical Industries Share Price, This website follows the DNPA’s code of conduct. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 11.95% each year. INFY Dividends. If we assume that this growth rate will continue forever (in perpetuity), then the Discounted Dividend Model (DDM) tells us that the value of this stock is negative at a discount rate of 9%. Close: You can view Announcement Date, Effective Date, Dividend Type (Interim, Final and … 1) Infosys Technologies just paid a dividend of $3.00 per share, and that dividend is expected to grow at a rate of 14% for at least the next few years. The company has fixed October 23, 2019 as record date for interim dividend and October 30, 2019 as the payment date The record date for the interim dividend has been … The Board recommended a final dividend of ?10.50/- per equity share for the financial year ended March 31, 2019 in their Board meeting held today i.e. Infosys shares were trading marginally changed at Rs 672.85, up 0.42 per cent on … Days Trial. Infosys's most recent semi-annual dividend was $0.15 declared April 25th and payable June 13th. The Board of Directors of Infosys Limited in their meeting held on October 14, 2020 has declared an interim dividend of Rs.12/- per equity share. In the past 12 months, Infosys Ltd. has declared an equity dividend amounting to Rs 21.50 per share. The digital revenues came in at $942 million (31.5% of total revenues), implying an on-year growth of 33.1% and sequential growth of 5.0% in constant currency terms. At the current share price of Rs 1277.95, this results in a dividend yield of 1.68%. Ladakh LAC standoff: India Army has created catch-22 situation for the Chinese, says an expert, Indian Railways creates new record with longest-ever 2.8 km long ‘SheshNaag’ train; Watch video. 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The Q3 19 revenues grew sequentially by 3.8% in INR terms; and 2.7% in constant currency terms. PTI New Delhi | Updated on January 08, 2019 Published on January 08, ... 2019,” Infosys said in a BSE filing. The firm has also approved a special dividend of Rs 4 per share. Share buybacks improve earnings per share and return surplus cash to shareholders, while also supporting share price during periods of sluggish market conditions. The company also announced a share buyback worth Rs 8,260 crore under open market route at a maximum price of Rs 800 per share. Infosys announced a special dividend of Rs 4 per share. Global software Infosys board on Friday recommended a final dividend of 210 per cent or Rs 10.50 per share of Rs 5 face value. Financial Express is now on Telegram. InfosysÂ, , in the Oct-Dec quarter. Get details of Infosys per share data on standalone basis including EPS, dividend declared per share and book value. Bengaluru-based IT major Infosys has announced an interim dividend of Rs 8 per share for its shareholders. In the earnings release, the Bengaluru-based Infosys Ltd declared a dividend payout of Rs 20.5 per equity share of face value of Rs 5. Nilekani said the total dividend payout for 2019 was Rs 8,120 crore coupled with an interim dividend of Rs 8 per share paid in October 2019. 2021The Indian Express [P] Ltd. All Rights Reserved. This will alert our moderators to take action. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. Days Trial The Infosys board has also approved buyback of shares worth up to Rs 8,260 crore at a maximum price of Rs 800 per share. This statistic illustrates the dividend per share of Infosys Limited from fiscal year 2015 to fiscal year 2019. Software major Infosys Ltd on Monday announced 200 % interim dividend or Rs 10 for each share of Rs 5 at par for first six months (April-September) of this fiscal (2015-16). Infosys has reported a on year revenue growth of 20.3% on-year in INR terms; 10.1% in constant currency terms. In fiscal year 2019, Infosys' dividend per share amounted to 21.5 Indian rupees. Like us on Facebook and follow us on Twitter. The total revenues came in 20.3% higher at Rs 21,400 crore. It has also announced a special dividend of Rs 4 per share. Ashish Kacholia, Dhawan stayed put on their biggest bet in Q3. The firm has revised the FY 19 revenue guidance in constant currency upward to 8.5%-9.0%; and retained the Operating margin guidance at 22%-24%. There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 3.9. The company reported 10.51 per cent year-on-year rise in consolidated profit at Rs 4,078 crore for March quarter under review against Rs 3,690 crore last year. In depth view into Infosys Dividend Per Share (10 Year Growth) including historical data from 1999, charts, stats and industry comps. Dividend.com: The #1 Source For Dividend Investing. April 12, 2019. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Infosys, country’s second-largest IT major, on Friday recommended a final dividend of Rs 10.50 per share for the financial year ended March 31. What's making India stand tall when the world frets over earnings? Infosys Dividend Ex Date & Record Date Declared in June 2019 - Latest Stock News. -Infosys announced, for fiscal 2019, ... amounting to approximately $1.18 billion at a price not exceeding approximately $11.46 per share. 15 Assuming Infosys's stock trades in the range of $8.00 to $12.00 this year, Infosys's recent $10.63 price could rise by $1.25 and go to $11.88 by early-June, 2020. Choose your winners rationally in 3 simple steps! Upcoming IPOs in 2021: LIC, IRFC, Zomato, other public issues on cards; will IPO bull run continue in 2021? India’s major IT behemoth Infosys has approved a special dividend of Rs 4 per share, and also announced buyback under open market route of Rs 8,260 crore at a maximum price of Rs 800 per share. For reprint rights: This information is incorrect and should be revoked... Inciting hatred against a certain community, 15  The firm has also announced a special dividend of Rs 4 per share. Your Reason has been Reported to the admin. 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