Infosys Dividend 2023 Boosts Akshata Murty’s Net Worth

Infosys Dividend 2023 Boosts Akshata Murty's Net Worth

VoM News Desk | October 13, 2023 | 12:27 PM IST | Breaking News | Follow on Google News

Infosys Dividend 2023 Boosts Akshata Murty’s Net Worth

Infosys Dividend 2023 Boosts Akshata Murty’s Net Worth

Indian IT giant Infosys Ltd, while declaring its Q2 results for the financial year 2023-24, announced an interim dividend of ₹18 per share for eligible shareholders. This decision will significantly impact Akshata Murty, who is one of the promoters of Infosys and the wife of British Prime Minister Rishi Sunak.

Akshata Murty’s Growing Wealth

As a promoter of Infosys, Akshata Murty holds 3,89,57,096 Infosys shares, which represent 1.05 percent of the company’s total paid-up capital. With Infosys declaring a dividend of ₹18 per share, Akshata Murty’s net worth is expected to grow by approximately ₹70.12 crore (₹18 x 70,12,27,728).

Historical Dividends

Infosys had previously declared an interim dividend of ₹17.50 per share following its Q1 2023 results. The shares traded ex-dividend on June 2, 2023, leading to an increase of around ₹68 crore in Akshata Murty’s net worth

Cumulative Impact

In total, thanks to the Infosys dividend announcements, Akshata Murty’s net worth is expected to have grown by approximately ₹138 crore (₹70 crore + ₹68 crore). It is important to note that she will be eligible for the ₹18 per share interim dividend if she continues to hold this number of Infosys shares on October 25, 2023, the record date for the dividend.

Record Date and Payout Date

Infosys provided details on the second interim dividend, stating that the record date is October 25, 2023, while the payout date is set for November 6, 2023.

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