Mphasis is india’s largest IT company with more than 45 Cr in market values. Mphasis create more change in market. It was started back in 2000, It have more than 60 offices across the globe.
Mphasis run by Nitin Rakesh and currently he is a CEO of the company. Blackstone group which is very famous in america, they acquire Mphasis in 2016 with majority stake in the company.
Mphasis listed in indian market and basically it is indian company because it integrated with BFL Softwares ltd.
Mphasis Dividend History
It give dividend to it’s shareholders on consistent basis. It have very strong past record to reward it’s shareholders after making profits every year.
Mphasis give dividend once in a year, not every quarters like HCL Technologies. Hcl Technologies give every quarter with more than 100% as compared to face value.
| Dividend Date | Dividend Amount | Dividend Type |
|---|---|---|
| 13 September 2021 | 27 | Special |
| 13 September 2021 | 38 | Final |
| 5 July 2022 | 46 | Final |
| 5 July 2023 | 50 | Final |
| 10 July 2024 | 55 | Final |
Every time company increases dividend amount as compared to last year amount. 13 September 2021 was the only date where company give special type of dividend to investors.
Mphasis Dividend Ex Date 2024
On 25 April 2024, Mphasis announced quarterly results and dividend amount. Mphasis fixed Ex Date for final dividend of 2024 is 10 July 2024. If you want to get dividend from mphasis then buy shares before 8 july 2024.
Amount will be credited in your bank account is on 25 august 2024. Ex Date is the last date on which you can purchase shares to get benefits from dividends. After Ex Date any purchased shares is not eligible for dividend amount.
Once Ex Date is traded then record date is comes after one or two days. On record date, those who have shares in their demat account are eligible for it.
Impact of Dividend On Mphasis Stock Price ?
When ever any company announced dividend it means they are in good profit and have extra cash in their reserves and surplus section of balance sheet. On Ex Date, companies share prices are dividend adjusted.
Suppose Mphasis close 2400 on 9 july 2024, and 10 july is ex date then company’s share price on that day is traded at 2350 automatically.
Why this happens? this is because company’s dividend amount will
Mphasis Business Outlook for FY2025
“We are expected to get strong growth outlook in Artificial Intelligence (AI) power deals win, as we look to capture the enterprise demand for AI adoption.“
“Our ability to bring change in the ecosystem by bringing technology and people together to solve for customer needs strongly positions us for growth in FY25, while we continue to work around the uncertainties in the overall economic environment,” Mphasis, Chief Executive Officer and Managing Director Nitin Rakesh said.
