Infosys pays record 870% dividend for 2017-18

Bengaluru April 13 (IANS) Global software major Infosys Ltd on Friday rewarded its investors with a record 870 per cent aggregate dividend or Rs 43.50 per share of Rs 5 face value for fiscal 2017-18.

In a regulatory filing on the BSE the city-based IT firm said its board had agreed to pay out a total dividend of Rs 33.50 per share (670 per cent) including Rs 20.50 (410 per cent) final dividend and Rs 13 (260 per cent) interim dividend and a special dividend of Rs 10 per share (200 per cent).

Total dividend paid in previous fiscal (2016-17) was Rs 25.75 (515 per cent) per share including Rs 14.75 (295 per cent) final and Rs 11 (220 per cent) interim.

The company s blue-chip scrip gained Rs 6.75 to close at Rs 1 169 per share at the end of Friday s trading on the BSE as against Thursday s closing price of Rs 1 162.25 and opening price of Rs 1 174.50.

The scrip also traded at a high of Rs 1 184 and a low of Rs 1 150.20 during the intra-trading.

--IANS
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