This Debt-Free Small-Cap IT Stock Sets Record Date for 150% Dividend Payout

Birlasoft Ltd sets record date for dividend payment

Birlasoft Ltd sets record date for dividend payment: the company had declared a final dividend of 150% and now it has set its record date which is July 15, 2022. The ex-dividend date is July 14, 2022. The directors of the company in their BSE filing dated June 28, 2022 stated: “The record date for determining which members will be eligible to receive the final dividend, if approved at the next AGM, will be Friday July 15, 2022. The said dividend, if approved, will be payable as per the statutory deadlines. The company had declared a 150% stock dividend amounting to Rs 3 per share on May 23, 2022.

Birlasoft Ltd Dividend History

Birlasoft Ltd Dividend History

The company has a good dividend track record and has consistently declared dividends over the past 5 years. The company has declared a 225% dividend amounting to Rs 4.5 per share for the year ending March 2022. The dividend yield is Rs 1.27 at the current share price of Rs 353 apiece .

Birlasoft stock outlook

Birlasoft stock outlook

The current share price is Rs 353 apiece with a decline of 4.77%. The 52 week high is Rs 585 each and the 52 week low is Rs 316 each. The stock’s PE is 21.33, which is lower than the sector’s PE of 28.48. The EPS TTM is 16.56. The market capitalization is Rs 9,891 crore. The company has strong finances. The company has almost no more debts.

multibagger returns: Over the past 5 years, the stock has returned 177.6%.

Introducing Biralsoft

Introducing Biralsoft

Birlasoft has a structured approach to global delivery and deploys a multitude of innovative solutions and service architectures. In a rapidly changing market, the company closely monitors customer needs and reacts quickly to deliver ever greater value. It is committed to the success of its clients and their specific needs in terms of language, cost, legal compliance and risk. The company is listed in the Top 100 Global IT Companies recognized by the International Association of Outsourcing Professionals (IAOP). Birlasoft is already tackling the next wave of globalization to provide accelerated technology solutions driven by value and innovation.

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