Don’t Miss Out! Infosys Announces Final Dividend for FY23: Get All the Details Here!

Infosys is an Indian IT company.

They will pay a final dividend of Rs 17.50 per share for the financial year ended March 31, 2023.

The company’s Annual General Meeting will be on June 28, 2023.

The record date for the meeting and dividend payment is June 2, 2023.

The dividend will be paid on July 3, 2023. The Murthy family, who own shares in Infosys, will receive a large amount of money as dividends.

Last year, Infosys paid an interim dividend of Rs 16.50 per share and a final dividend of Rs 16 per share for the financial year ended March 31, 2022.

Infosys’ net profit for the quarter ended March 31, 2023 increased by nearly 8% compared to last year.

The company’s revenue increased by 16%, but declined by 3.2% compared to the previous quarter.

The attrition rate at Infosys decreased to 20.9% in the fourth quarter of FY23.

Infosys provided its revenue guidance for FY24 at 4%-7% and operating margin of 20%-22%.

Infosys shares closed at Rs 1388.60 on Thursday, down by 2.79%. The average target for the stock was Rs 1,720 ahead of its quarterly results.