Mphasis Announces Dividend of Rs 62 Per Share
IT services company Mphasis has declared a dividend of Rs 62 per equity share for its shareholders. The company has set the ex-date and record date for the same. Shareholders of Mphasis will be eligible for the dividend if they hold shares on the record date.
Ex-Date and Record Date Details
The ex-date for the Mphasis dividend is set as July 10, 2026. The record date is also July 10, 2026. This means that investors who buy shares of Mphasis on or after July 10 will not be eligible for the dividend. Only those who hold shares as of the record date will receive the dividend.
Dividend Amount and Yield
The dividend declared is Rs 62 per share. Based on the current market price, the dividend yield works out to approximately 1.5%. The company has a strong track record of paying dividends consistently.
Share Price Impact
Following the dividend announcement, Mphasis share price witnessed a positive trend. The stock was trading at around Rs 4,130 on the BSE. The dividend declaration is seen as a positive move by investors, reflecting the company's strong cash flow and commitment to shareholder returns.
Company Performance
Mphasis has reported steady financial performance in recent quarters. The company's revenue and profit growth have been supported by strong demand in the digital transformation space. The dividend payout is in line with the company's policy of rewarding shareholders.
How to Receive Dividend
Shareholders whose names appear in the company's register as of the record date will receive the dividend. The dividend will be paid within 30 days of the record date. Investors are advised to ensure their demat accounts are updated with correct bank details for seamless credit.
Market Reaction
The announcement has been well received by the market, with the stock price remaining stable. Analysts view the dividend as a sign of the company's financial health. The ex-date adjustment will see the stock price reduce by the dividend amount on the ex-date.
