Computer Age Management skids ~2% as board approves interim dividend of Rs6.75

5 Aug 2022 , 02:49 PM

Computer Age Management Services Limited informed that the board of directors of the company has approved the payment of an Interim Dividend of Rs6.75 per equity share.

The company further stated that the record date for the purposes of payment of dividends has been fixed as August 17, 2022. The stated dividend shall be paid to the shareholders whose names will be appearing in the register of members as of the record date.

The company expects to disburse the dividend on or before September 10, 2022.

At around 2.50 PM, CAMS’ counter was trading at Rs2,409.65 per piece, down by Rs37.75 or 1.54% from its previous closing of Rs2,447.40 on the BSE. The scrip touched intraday high and low of Rs2,480 and Rs2,372 respectively.

CAMS reported a consolidated revenue of Rs236.64 crore in Q1FY23, and a consolidated Net Profit of Rs64.61 crore.