This tech stock offers a 460% final dividend, 3-day ex-date: check details

Barbara J. Ross July 2, 2022 Offering stock Comments Off on This tech stock offers a 460% final dividend, 3-day ex-date: check details 6 Views

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MphasiS announced a final dividend of 270% on April 29, 2022. The company’s ex-dividend date is within three days, July 5, 2022.

Share performance on NSE – MphasiS

The current market price of MphasiS stood at Rs. 2,239.90 fell by 2.36% till the last trade. The 52-week high of this stock is Rs. 3,659.75, and the 52-week low of this stock is Rs. 2,104. Over the past 6 months, its stock price has not fell only 34.56% and last month the stock fell 12.78%. Over the past year, its stock price has increased by 5.95% and over the past 5 years, its stock price has jumped by 274.91%. It is a large cap company with a market capitalization of Rs. 42,204 crores.

Company News

According to data available from NSE, in the fourth quarter of FY22, the company’s total revenue stood at Rs. 2,06,132 lakh, compared to Rs. 1,94,497.20 lakh in the previous quarter. The company’s profit before tax (PBT) was reported at Rs. 38,792.80 lakh, down from Rs. 42,241.40 lakh in Q3 FY22. Moreover, its net profit stood at Rs. 31,185.40 lakh, up from Rs. 31,728.40 lakh in the first quarter.

Mphasis applies next-generation technology to help companies transform their business globally. Mphasis takes over Front2BackMT Transformational approach, which uses the exponential power of the cloud and cognitive to deliver a hyper-personalized digital experience to customers and their end customers, informs the company.

What is a dividend?

A dividend, in the stock market, is known as a reward, which can be offered by a company to investors. Although it is not a mandatory move, a listed company may offer it to shareholders to attract new investors, while benefiting existing investors. After a company has made significant profits in recent quarters or the fiscal year, it may offer a dividend.

Disclaimer

Investing in stocks presents a risk of financial loss. Investors should therefore exercise caution. Greynium Information Technologies, the author, and the brokerage are not responsible for any losses caused as a result of decisions based on the article.

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Article first published: Saturday, July 2, 2022, 5:58 p.m. [IST]

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