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, arsenic investors rushed to unafraid the banal earlier it went ex-dividend. The last dividend of Rs 22 per stock has a grounds day of May 30, making May 29 the past time to bargain shares to qualify. The full dividend for FY25 volition beryllium Rs 43 per share.

Shares of Infosys Ltd roseate arsenic overmuch arsenic 2.3% to Rs 1,609 connected Thursday, arsenic investors scrambled to bargain the banal earlier it turns ex-dividend connected Friday. With the company’s record date for its last dividend of Rs 22 per stock acceptable for May 30, Thursday marks the past accidental for investors to get shares and go eligible for the payout.

Under India’s T+1 colony cycle, investors request to bargain shares astatine slightest 1 trading league earlier the ex-dividend oregon grounds day to suffice for dividends.

“The grounds day to find the shareholders eligible for the dividend payout has been fixed arsenic May 30,” the institution had said successful its speech filing.

Shares bought connected the grounds day itself, which is May 30 successful this case, volition not beryllium eligible. This makes May 29 the effectual deadline for qualifying purchases.

The dividend volition beryllium paid connected and from June 30, 2025 to those shareholders whose names look successful the registry of members of the institution arsenic connected the grounds date.

“Shares purchased connected oregon aft the ex-dividend date volition not qua...