Infosys Set to Announce Q2 FY25 Results and Interim Dividend
Infosys Ltd., one of India’s largest IT services companies, is scheduled to hold a crucial meeting on October 17, 2024, to discuss its financial results for the September quarter. This meeting is highly anticipated by investors, as Infosys has a long history of rewarding its shareholders, having distributed dividends consistently since the year 2000. With a cumulative dividend payout of Rs 641.25 per share, the company has become a reliable source of returns for investors.
Shareholder Rewards and Dividend History
Since its inception of dividend payments, Infosys has been committed to maximizing shareholder value. In addition to regular dividends, the company has issued bonus shares on three occasions: in 2014, 2015, and 2018, enhancing the attractiveness of its stock. Furthermore, Infosys has effectively utilized buyback schemes, having repurchased shares at Rs 1,150 each in 2017, totaling around Rs 13,000 crore. This strategic move is indicative of the company’s solid cash position and commitment to returning capital to shareholders.
Recent Dividends and Stock Performance
In the first quarter of FY25, Infosys declared a dividend of Rs 28 per share, which consisted of a final dividend of Rs 20 for FY24 and a special dividend of Rs 8. Moreover, in 2023, Infosys announced an interim dividend of Rs 18 per share in October and Rs 17.5 per share in June, demonstrating its consistent policy of rewarding shareholders throughout the fiscal year. As of September 26, 2024, Infosys shares closed at Rs 1900.25 on the National Stock Exchange (NSE), reflecting a year-to-date rise of 22% – an encouraging sign for investors amidst a competitive market landscape.
Upcoming Expectations
The upcoming meeting on October 17 will not only highlight the financial performance for the first half of FY25 but is also expected to include a proposal for an interim dividend. Investors and analysts alike will be closely monitoring these developments, as dividends are a key factor in stock valuations and overall shareholder satisfaction.
Table: Infosys Dividend History
| Year | Dividend Per Share (Rs) | Bonus Shares | Buyback Price (Rs) |
|---|---|---|---|
| 2000 | First Dividend Issued | – | – |
| 2014 | – | 1:1 Bonus Shares | – |
| 2015 | – | 1:1 Bonus Shares | – |
| 2017 | – | – | 1,150 |
| 2018 | – | 1:1 Bonus Shares | – |
| 2023 | 28 | – | – |
| 2024 (YTD) | 18 (Oct) | – | – |
Conclusion
With a strong track record of shareholder rewards, Infosys continues to be a noteworthy player in the IT industry. As the company approaches its financial announcement on October 17, investors will be keenly focused on the potential for further dividends and insights into the company’s performance amidst market fluctuations. This upcoming meeting will be pivotal as it may set the tone for the rest of FY25 and beyond.
