Infosys shares up 2% as dividend deadline looms: Last chance at current to buy stock for Rs 22 per share payout

Shares of Infosys Ltd rose as rather a lot as 2.3% to Rs 1,609 on Thursday, as merchants scrambled to buy the stock sooner than it turns ex-dividend on Friday. With the company’s report date for its final dividend of Rs 22 per share set for May 30, Thursday marks the ultimate chance for merchants to build up shares and switch into eligible for the payout.

Beneath India’s T+1 settlement cycle, merchants need to buy shares on the very least one shopping for and promoting session sooner than the ex-dividend or report date to qualify for dividends.

“The report date to search out out the shareholders eligible for the dividend payout has been mounted as May 30,” the company had talked about in its alternate submitting.

Shares bought on the report date itself, which is May 30 on this case, received’t be eligible. This makes May 29 the environment friendly deadline for qualifying purchases.

The dividend will in all probability be paid on and from June 30, 2025 to those shareholders whose names appear throughout the register of members of the company as on the report date.

“Shares purchased on or after the ex-dividend date received’t qualify,” Infosys talked about in an alternate submitting. Most frequently, the ex-dividend and report dates align, besides a market trip interferes.With the Rs 22 final dividend, Infosys’ full dividend for FY25 will stand at Rs 43 per share, along with the interim dividend of Rs 21 launched on October 4, 2024.Throughout the earlier fiscal 12 months, Infosys had declared a final dividend of Rs 20 per share and a selected dividend of Rs 8 on May 31, 2024, along with an interim dividend of Rs 18 on October 25, 2023.

Quarterly earnings

Infosys reported a sequential 3% rise in net income to Rs 7,033 crore for the quarter ended March 31, 2025. Nonetheless, revenue slipped 2% quarter-on-quarter to Rs 40,925 crore, in step with the company’s alternate submitting on Thursday.

Stock effectivity and outlook

Infosys shares have gained nearly 7% over the earlier month and are up about 8% over the earlier 12 months. The stock has a consensus objective price of Rs 1,640, as per Trendlyne information. Of the 43 analysts masking the stock, 29 have a “buy” rating, 12 advocate holding, and two recommend selling.

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