Infosys on Friday announced a final dividend of Rs 14.25 per equity share for the financial year ended March 31, 2016.
Infosys on Friday announced a final dividend of Rs 14.25 per equity share, or 285 per cent, on face value of Rs 5 for the financial year ended March 31, 2016. The dividend will be paid on June 20, 2016.
Prior to this, the company gave an interim dividend of Rs 10 in October last year.
The Board has increased dividend pay-out ratio from up to 40 per cent to up to 50 per cent of post-tax consolidated profits effective fiscal 2015
The company also announced its results for the quarter as well as financial year ended March 2016. The company reported 3.81 per cent quarter-on-quarter (qoq) rise in its coInsolidated net profit figures at Rs 3,597 crore for the quarter ended March 2016. The company registered net profit of Rs 3,465 crore in the sequential quarter ended December 2015 and Rs 3,097 crore in the same quarter last year.
The IT services firm Infosys forecast strong revenue growth and reported its third successive estimate-beating earnings on new client wins, solidifying a recovery that began a year ago.
For the financial year ended March 2016, Infosys reported net profit of Rs 13,491 crore, up 9.4 per cent, against Rs 12,329 crore last year.