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

Synopsis

Infosys shares experienced a surge, climbing 2.3% to Rs 1,609, as investors rushed to secure the stock before it went ex-dividend. The final dividend of Rs 22 per share has a record date of May 30, making May 29 the last day to buy shares to qualify. The total dividend for FY25 will be Rs 43 per share.

Shares of Infosys Ltd rose as much as 2.3% to Rs 1,609 on Thursday, as investors scrambled to buy the stock before it turns ex-dividend on Friday. With the company’s record date for its final dividend of Rs 22 per share set for May 30, Thursday marks the last chance for investors to acquire shares and become eligible for the payout.

Under India’s T+1 settlement cycle, investors need to buy shares at least one trading session before the ex-dividend or record date to qualify for dividends.

“The record date to determine the shareholders eligible for the dividend payout has been fixed as May 30,” the company had said in its exchange filing.

Shares bought on the record date itself, which is May 30 in this case, will not be eligible. This makes May 29 the effective deadline for qualifying purchases.

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

“Shares purchased on or after the ex-dividend date will not qualify,” Infosys said in an exchange filing. In most cases, the ex-dividend and record dates align, unless a market holiday interferes.

With the Rs 22 final dividend, Infosys’ total dividend for FY25 will stand at Rs 43 per share, including the interim dividend of Rs 21 announced on October 4, 2024.

In the previous fiscal year, Infosys had declared a final dividend of Rs 20 per share and a special 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 profit to Rs 7,033 crore for the quarter ended March 31, 2025. However, revenue slipped 2% quarter-on-quarter to Rs 40,925 crore, according to the company’s exchange filing on Thursday.

Stock performance and outlook

Infosys shares have gained nearly 7% over the past month and are up about 8% over the past year. The stock has a consensus target price of Rs 1,640, as per Trendlyne data. Of the 43 analysts covering the stock, 29 have a “buy” rating, 12 suggest holding, and two recommend selling.

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