IT stock declares interim dividend of ₹19/share, sets record date for payment

“We wish to inform you that the Board of Directors at its meeting held on January 20, 2023, has considered and approved the un-audited standalone and consolidated financial results for the third quarter ended December 31, 2022. Board has also declared a Third Quarter Interim Dividend of Rs. 19/- (Rupees Nineteen only) per Equity Share of the Company of face value of Rs. L 0/- each fully paid-up, for the financial year 2022-23 ,” Koforge said in an exchange filing on Friday.

Further in terms of Regulation 42 of the SEBI Listing Regulations, 20 L 5 as amended, the Board has fixed February 03, 2023 as the “Record Date” for the purpose of ascertaining the eligibility of the shareholders for the Third Interim Payment. Dividend, it added. Payment of 3rd Interim Dividend/Dispatch of Dividend Warrants will be done within 30 days from the date of declaration of dividend.

Coforge Ltd formerly known as NIIT Technologies is a global digital services and solutions provider. it stock Stocks rose over 5% on the BSE in early deals on Friday after reporting third quarter results. its net profit increased 228 crores as compared to 184 crore in the year-ago quarter. The company raised FY23 constant currency (CC) revenue growth guidance to a range of at least 20% to 22%.

IT services firm has declared equity dividend 52 per share over the past 12 months and at the current share price, this results in a dividend yield of 1.32%, according to data from Trendline.