Infosys declares interim dividend of Rs16.50; Stock zooms near4%

14 Oct 2022 , 09:19 AM

The Board of Directors of Infosys Limited at its meeting held on Thursday has declared an interim dividend of Rs16.50/- per equity share.

The board also fixed October 28, 2022 as record date for interim dividend and November 10, 2022 as payout date.

The second-largest IT services provider in India reported a better-than-anticipated 11% increase in consolidated net profit for the September quarter at Rs6,021 crore and announced a share buyback worth Rs9,300 crore.

At around 9:19 AM, Infosys Ltd is currently trading at Rs1,474.05 per share up by Rs54.3 or 3.82% from its previous closing of Rs1,419.75 per share on the BSE.

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