Coforge announces dividend of Rs 13 per share

21 Oct 2022 , 08:14 AM

When reporting its Q2 earnings, IT services provider Coforge announced a dividend of Rs13 per share for FY23. The second dividend of the current fiscal year is being paid out. The business had declared a dividend of 130%, or Rs13, for July.

Additionally, the corporation has designated November 4 as the record date in order to identify qualified shareholders in this regard.

The board also announced a second interim dividend of Rs13 per fully paid-up share with a face value of Rs10 for the fiscal year 2022—23. The board has also set November 4, 2022, as the record date for determining whether shareholders are eligible to receive the second interim dividend, according to the company’s filing with the markets.

The company had declared an Rs52 per share dividend for FY2022. It has issued a total of 23 dividends since July 2005.

Coforge shares concluded the day’s trading session up more than 1% at Rs3858.3.

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