Infosys Shares Trade Ex-Dividend Today, Declares ₹17.50 per Share

Infosys, a leading IT major, is set to grab attention in the stock market today as it trades ex-dividend. The company has announced a final dividend of ₹17.50 per share for its eligible shareholders for the financial year 2022-23. The dividend payment, scheduled to be paid on July 3, 2023, is based on the record date set as June 2, 2023. 

This news is expected to impact the net worth of Akshata Murty, who holds a significant stake in Infosys.

Infosys Q4 Results 2023: Infosys reported a relatively weak performance in the quarter ending on March 31, 2023 (Q4FY23). The company’s Profit After Tax (PAT) stood at ₹6,128 crore, representing a decline of nearly 16% quarter-on-quarter (QoQ). Revenue also experienced a 2.2% dip in QoQ, amounting to ₹37,441 crore. However, in constant currency, Infosys achieved revenue growth of 3.2% QoQ and 8.8% year-on-year (YoY). The operating margin for Q4 stood at 21%.

Impact on Akshata Murty’s Net Worth: Akshata Murty, a significant shareholder of Infosys, holds 3,89,57,096 shares or a 1.07% stake in the company, according to the shareholding pattern for the January-March 2023 quarter. With Infosys declaring a final dividend of ₹17.50 per share, Akshata Murty’s net worth is anticipated to increase by approximately ₹68,17,49,180, equivalent to ₹68 crore, assuming she retains her shareholding on the dividend record date.

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