Rs 50 DIVIDEND Per Share in FY24: IT stock to announce monetary reward again - Details

rs 50 dividend per share in fy24: it stock mphasis limited to announce monetary reward again – details

Mphasis Limited Dividend Announcement 2024: The stock of Mphasis Limited will remain in focus next week as the company is scheduled to hold a meeting of the Board of Directors to recommend the final dividend for the financial year 2023-24. A dividend is a company’s reward to its investors for their investment in the business. It is paid in cash from earnings.

The NIFTY IT company is focused on transforming organizations globally by unlocking the potential of Artificial Intelligence (AI). “We wish to inform you that a meeting of the Board of Directors of the Company is being scheduled on Thursday, 25 April 2024 inter-alia, to consider and approve the audited financial results of Mphasis Limited and the Group and recommend final dividend, if any, for the financial year ended 31 March 2024,” the company said in an exchange filing.

Mphasis Limited Share Price

On Tuesday (April 16), the shares of Mphasis Limited fell by more than 3.5 per cent and closed at Rs 2310 apiece, down by Rs 84.30 points on NSE. The scrip registered a high of Rs 2390.45 and a low of Rs 2302. More than 6.71 lakh equity shares changed hands during the session. The IT company has a total market cap of Rs 43,658.54 crore.

Mphasis Limited Share Price History

Mphasis Limited is a constituent of the S&P BSE 200. According to BSE analytics (as of April 17), shares of Mphasis Limited fell by 5.92 per cent and 6.47 per cent in the last 1 week and 2 weeks, respectively. In the last 1 month and three months, shares of the IT company have fallen by 7.24 per cent and 11.40 per cent, respectively. On a YTD basis, the shares down by 15.52 per cent. In the past 1 year, 3 years, 5 years and 10 years, the shares of the company climbed by 30.27 per cent, 35.13 per cent, 135.53 per cent and 457.20 per cent, respectively.

Mphasis Limited Dividend History

The face value of Mphasis Limited is Rs 10. Last year, Mphasis Limited announced a dividend of Rs 50 with an ex-date on July 5. In 2022, the IT company declared a dividend of Rs 46 in July. Similarly, in 2021, the company announced a dividend of Rs 27 and Rs 38 in September. The company announced its first dividend of Re 1 with an ex-date on August 14, 2001.

RISE with India – FOLLOW ET NOW WhatsApp channel!

https://whatsapp.com/channel/0029Va7OSzxA2pL8ezY1aw1K

ET NOW WhatsApp channel gives you all Stock Market Details, Money Making Ideas, IPO News, Mutual Funds SIP News, Income Tax and other news right on your mobile screen!