Sonata Software announces second interim dividend of Rs14.5/ share; stock up 3%

The board of directors has declared Second Interim Dividend of Rs14.50 per share for the FY2019-20.

Feb 26, 2020 07:02 IST India Infoline News Service

Sonata Software
The board of Sonata Software declared 2nd Interim dividend considering the strong consolidated cash position of ~Rs600cr.

The payment will be made on or after March 12, 2020. The Board in its earlier meeting held on October 30, 2019 had declared an Interim dividend of Rs5.75 per share making the total Interim dividend to Rs20.25 per share.

The stock is currently trading at Rs345, up by Rs8.75 or 2.6% from its previous closing of Rs336.25 on the BSE.

The scrip opened at Rs334.95 and has touched a high and low of Rs349.65 and Rs330.50 respectively.

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