Infosys declares 270 per cent final dividend

>> Wednesday, April 15, 2009

Infosys Technologies Ltd has declared a final dividend of Rs.13.50 per share, which is 270 per cent on par value of Rs.5 per share, for the just-concluded fiscal 2008-09.

In a regulatory filing Wednesday, the IT bellwether said it had made a provision of Rs.7.73 billion (Rs.773 crore) for the dividend payout after the approval by the shareholders at its annual general meeting in June 2009.

The IT bellwether had paid an interim dividend of Rs.10 per share or 200 per cent on par value of Rs.5 per share in October 2008 for the first half (April-September) of fiscal (FY 2009).

The company, however, did not declare special dividend for FY 2009 unlike for the previous fiscal (2007-08). - Economic Times