Amidst the December quarter results, good news has emerged for investors. IT sector company Persistent Systems has announced an interim dividend for its shareholders...

Persistent Systems Dividend: Companies in the Indian stock market are releasing their December quarter results. Amidst the quarterly results, good news has emerged for investors. IT sector company Persistent Systems has announced an interim dividend for its shareholders.

The company will pay a dividend of Rs 22 per share on each share with a face value of Rs 5 in the current financial year. The record date has also been fixed for this. After this announcement by the company, shareholders are overjoyed. Let's find out about the record date and other details...

Record date fixed for dividend

The company has shared information regarding the interim dividend to be given to shareholders. In a notification given to the stock exchange on January 20, Persistent Systems stated that the board meeting approved an interim dividend of Rs 22 per share. To avail of this dividend, the company has set January 27 as the record date.

This means that only those investors whose names are in the company's records until one day before this date will be entitled to this payment. However, investors will only have the opportunity to buy shares until January 23. This is because January 24 and 25 will be weekly holidays (Saturday and Sunday). The market will also be closed on January 26 on the occasion of Republic Day.

When will the dividend money be received?

According to the company, the payment will be made to the shareholders within the stipulated time frame after the dividend announcement. As per the announcement made on January 20, the dividend amount will be transferred directly to the investors' bank accounts within 30 days. Eligible shareholders are expected to receive the dividend amount by March 20.

Company's performance in the stock market

On Wednesday, January 21, the company's shares saw a decline on the BSE. The shares closed the day trading at ₹6243.80, down 1.57 percent or ₹99.40. The intraday high for the day was ₹6395.20.

Regarding the company's 52-week high, the shares touched a high of ₹6597 during this period. The 52-week low is ₹4168.80.

Disclaimer: (The information provided here is for informational purposes only. It is important to note that investing in the market is subject to market risks. Always consult an expert before investing. India Employment News never advises anyone to invest money.)