Infosys trades ex-dividend; stock up 24% in CY18

Shares of Infosys opened 1% higher at Rs 1,259 per share on the BSE, also their new high adjusted to dividend, in otherwise subdued market. The stock of information technology (IT) major has turned ex-dividend for Rs 30.50 per share today.

The board of directors of Infosys at their meeting held over April 12-13, 2018, had recommended a final dividend of Rs 20.50 per equity share for the financial year ended March 31, 2018 and special dividend of Rs 10 per equity share.

The register of members & share transfer books of the company will remain closed on June 16, 2018 for the purpose of payment of dividends (final & special) & 37th Annual General Meeting (AGM) of the Company to be held on June 23, 2018, Infosys said in a regulatory filing.

The dividend will be paid on June 26, 2018.

Thus far in the calendar year 2018, Infosys has outperformed the market by surging 24% as compared to 4.5% rise in the S&P BSE Sensex.

At 09:48 am; the stock was trading 0.25% higher at Rs 1,249 on the BSE, against 0.44% decline in the benchmark index. A combined 702,241 shares changed hands on the counter on the NSE and BSE so far.