For FY24, Infosys Board Recommended a Final Dividend of $0.24/ADS and a Special Dividend of $0.10/ADS
Portfolio Pulse from Benzinga Newsdesk
For FY24, Infosys' Board has recommended a final dividend of $0.24 per ADS and a special dividend of $0.10 per ADS, aligning with their capital allocation policy to payout 85% of Free Cash Flow from FY20 to FY24.

April 18, 2024 | 11:38 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Infosys has announced a final dividend of $0.24 per ADS and a special dividend of $0.10 per ADS for FY24, maintaining an 85% payout of Free Cash Flow from FY20 to FY24.
Dividend announcements, especially when they include special dividends, are typically seen as positive signals by the market, reflecting a company's strong financial health and commitment to returning value to shareholders. Given Infosys' adherence to its capital allocation policy and the substantial total payout, this news is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100