Infosys Limited (NYSE:INFY) Plans Semi-annual Dividend of $0.20

Infosys Limited (NYSE:INFYGet Free Report) declared a semi-annual dividend on Tuesday, May 28th, Wall Street Journal reports. Investors of record on Friday, May 31st will be paid a dividend of 0.2035 per share by the technology company on Friday, May 31st. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 31st.

Infosys has increased its dividend by an average of 14.3% per year over the last three years and has raised its dividend every year for the last 1 years. Infosys has a payout ratio of 51.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Infosys to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.43 annual dividend with an expected future payout ratio of 53.1%.

Infosys Stock Down 1.3 %

Shares of NYSE INFY traded down $0.23 during midday trading on Wednesday, hitting $17.09. The stock had a trading volume of 2,268,838 shares, compared to its average volume of 9,295,095. The company has a market cap of $70.75 billion, a P/E ratio of 22.80, a PEG ratio of 3.20 and a beta of 0.95. The business’s 50 day moving average is $17.35 and its 200-day moving average is $18.38. Infosys has a 52 week low of $15.11 and a 52 week high of $20.74.

Infosys (NYSE:INFYGet Free Report) last issued its earnings results on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.49 billion. Infosys had a return on equity of 32.33% and a net margin of 17.06%. During the same period last year, the business posted $0.18 EPS. As a group, analysts expect that Infosys will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

INFY has been the subject of a number of research reports. HSBC reiterated a “hold” rating and issued a $20.10 price target on shares of Infosys in a research report on Friday, April 19th. BMO Capital Markets decreased their target price on Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, April 19th. Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. Wedbush reissued an “outperform” rating and issued a $22.00 target price on shares of Infosys in a report on Wednesday, March 13th. Finally, Guggenheim initiated coverage on shares of Infosys in a research note on Tuesday, March 19th. They set a “neutral” rating and a $20.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.27.

View Our Latest Research Report on INFY

Infosys Company Profile

(Get Free Report)

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.

Featured Stories

Dividend History for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.