Companies in the Indian stock market are releasing their December quarter results. Amidst the quarterly results, there has been good news for investors. IT sector company Persistent Systems has declared interim dividend for its shareholders. The company will pay a dividend of Rs 22 on each share with face value of Rs 5 for the current financial year. A record date has also been fixed for this. This announcement has brought happiness on the faces of the shareholders. Let’s know more about the record date and other details…
Record date fixed for dividend
The company has shared information about interim dividend for shareholders. In a notification to the stock exchange on January 20, Persistent Systems said the board meeting has approved an interim dividend of Rs 22 per share. To be eligible for this dividend, the company has set the record date as January 27. This means that only those investors whose names are in the records of the company till one day before this date will be entitled to this payment. However, investors will have the opportunity to buy shares only till January 23, as January 24 and 25 will be week holidays (Saturday and Sunday), and the market will be closed on January 26 due to Republic Day.
When will the dividend be paid?
According to the company, after the declaration of dividend, payment will be made to the shareholders within the stipulated time limit. According to the announcement made on January 20, the dividend amount will be transferred directly to the bank accounts of the investors within 30 days. Eligible shareholders are expected to receive the dividend amount by March 20.
Company’s performance in stock market
On Wednesday, January 21, the company’s shares were seen falling on BSE. The shares closed at Rs 6243.80, down 1.57 per cent or Rs 99.40. The day’s intraday high was ₹6395.20. Shares of the company hit a 52-week high of ₹6597, while the 52-week low was ₹4168.80.
