IT bellwether Infosys has declared a whopping 400 per cent interim dividend of Rs 20 per share of Rs 5 value to its investors for the first six months of 2013-14.
The company on Friday beat estimates by
reporting a 1.6 per cent rise in consolidated net profit to Rs 2,407 crore for the second quarter ended September 30.
In
a regulatory filing to the stock exchanges, Infosys said its board of directors had approved an interim dividend of Rs 20 per share for the April-September period.
"The record date of dividend is October 18, 2013," the note said.
The interim dividend for this financial year is Rs 5, or 100 per cent, more than the company gave in the last financial year at Rs 15 per share (300 per cent) of Rs 5 value in October 2012.
The company's scrip cheered the better-than-expected news,
jumping nearly 6 per cent on the Bombay Stock Exchange within two hours of the trade opening. Shares of Infosys were trading 4.73 per cent higher at Rs 3,271.80 in afternoon trade on BSE.
With inputs from IANS 
PHOTO: Reuters 
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