Dividend Watch: 400% Payout By IT Stock, Record Date January 31; Is It Time to Invest?

Persistent Systems Limited, one of India's leading IT companies, has declared an interim dividend of Rs. 20 per equity share, translating to a remarkable 400% payout for the financial year 2024-25.

Persistent Systems Dividend Record Date

The company has finalized January 31, 2025, as the record date for determining eligible shareholders. Persistent Systems' Board of Directors approved this interim dividend during their meeting on January 22, 2025. The payout will be disbursed within 30 days of its declaration, adhering to the statutory timeline.

The company, in an exchange filing, said. "We wish to inform you that the Board of Directors, at its meeting held on Wednesday, January 22, 2025, has approved the payment of an interim dividend of INR 20 (INR Twenty) per equity share of INR 5 (Five) each for the financial year 2024-25."

Persistent System Share Prices

Shares of the persistent system today Closed in green with a rise of 10% in its share prices, which stood at Rs. 6,270, gaining 586.85 points. The stocks reached intraday he stock touched an intraday high of ₹6,359.10 and a low of ₹5,783.15.

In the last six months the shares have soared to 30.35% in value, and in a year it roared around 52%. In the last five years, the shares have seen a remarkable growth of 1618%. With a market cap of 96.65K crore, the company emerged as one of the best performers on the nifty 50 index as per a CNBC report.

Persistent Systems Financial Highlights for Q3FY25

Persistent Systems reported a net profit of ₹373 crore for Q3 FY25, marking a 14% increase from the September quarter. The company's revenue rose by 5.7% year-on-year to ₹3,062 crore. Earnings Before Interest and Tax (EBIT) stood at ₹456 crore, a 12% quarter-on-quarter growth.

About Persistent System

Persistent System is an Indian multinational company that mainly offers software development, IT consulting, and digital transformation services, founded in 1990. Permanent Systems continues to expand its footprint in the IT sector, leveraging innovation and a customer-focused approach to provide software development, IT consulting, and digital transformation services.