Ways2Capital Reviews : Infosys Trades Ex-dividend; Stock Flat

Shares of Infosys opened higher at Rs1,259 per share on the BSE, also their new high adjusted to dividend, in a subdued market. Currently, the stock is trading 0.10% lower on the BSE.

The stock has turned ex-dividend for Rs30.50 per share today.

The board of directors of Infosys at their meeting held over April 12-13, 2018, had recommended a final dividend of Rs20.50 per equity share for the financial year ended March 31, 2018 and special dividend of Rs10 per equity share.

The dividend will be paid on June 26, 2018.

Infosys gets ready to mark its 25th year of listing. The stock price has touched a record high of Rs1,284 on the BSE, surpassing the previous high of Rs1,278 on June 3, 2016.

Infosys was established by NR Narayana Murthy and six engineers in Pune with an initial capital of $250. It made an initial public offer in February 1993 and its shares were listed on Indian stock exchanges on June 14, 1993.

In 4QFY18, Infosys derived major share of revenue from BFSI vertical (~33%), while Manufacturing contributed (~22%), Retail & CPG (~13%) and Telecom (~11%). North America accounted for ~59% of the revenue followed by Europe (~25%) in Q4FY18. The management has guided for cc (constant currency) growth of 6-8% yoy for FY19.

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About Bhoomi Desai

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