Infosys to pay 300 percent final dividend to investors

By IANS,

Bangalore : Recovering from a worst economic slump, a resilient Infosys Technologies Ltd Tuesday proposed to pay a final dividend of Rs.15 per share or 300 percent on par value of Rs.5 per share for fiscal 2009-10.

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In a regulatory filing, the IT bellwether said its board of directors had recommended a final dividend of Rs.15 per share for the fiscal under review (FY 2010).

The blue chip firm paid an interim divided of Rs. 10 or 200 percent on par value of Rs.5 per share in October 2009 at the end of first six months (April-September).

As a result, the total dividend payout for the entire fiscal will be Rs.25 or 500 percent on par value of Rs.5 per share.