As per Infosys Limited (NYSE:INFY)’s news release on 2016-06-22, its shareholders will get cash dividend of $0.191 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-09 and 2016-06-22, respectively.
The stock will commence trading ex-dividend from 2016-06-07, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Infosys Limited (NYSE:INFY) disbursed $0.191 in dividend compared to distribution of $0.191, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 99.7402%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Infosys Limited (NYSE:INFY) to attain a price target of $19.98. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $21. The low price range is set at $19 for next year while the arithmetic mean is seen at 2.64.
Eyeing Earnings Infosys Limited (NYSE:INFY) is likely to post quarterly numbers around 2016-10-10 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.24 for the period ending on 2016-09-30.
In last quarter ended 2016-03-31, Infosys Limited (NYSE:INFY) earnings came at $0.22 suggesting a deviation of $-0.01. The brokerages targeted EPS of $0.23 for the quarter.
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