Mphasis has declared a final dividend of ₹50 per share for the financial year 2022-23. The Ex date for the dividend is 5 April 2023. The dividend will be paid on or before 7 Aug 2023.
Record date for Mphasis is 7 July 2023. The record date is the date on which a company determines its shareholders eligible for a dividend. An investor must own the stock on the record date to be eligible for the dividend.
The dividend yield for Mphasis shares is currently around 2.63%. This means that for every ₹100 invested in Mphasis shares, you would receive a dividend of ₹2.63.
The dividend payout ratio for Mphasis is 500%. This means that the company is paying out 500% of its profits in dividends. This is a very high dividend payout ratio, and it is likely that the company will not be able to sustain this level of dividend payments in the future.
Overall, the dividend from Mphasis is attractive, but it is important to remember that the company’s dividend payout ratio is very high. This means that the company may not be able to sustain its current level of dividend payments in the future.
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Mphasis Dividend History
Here is the dividend history of Mphasis for the past 5 years:
| Year | Dividend per share | Dividend yield (%) |
|---|---|---|
| 2022-23 | ₹50 | 2.63% |
| 2021-22 | ₹46 | 2.43% |
| 2020-21 | ₹35 | 1.85% |
| 2019-20 | ₹20 | 1.09% |
| 2018-19 | ₹17 | 0.93% |
As you can see, Mphasis has been consistently paying dividends for the past 5 years. The dividend per share has increased from ₹17 in 2018-19 to ₹50 in 2022-23. The dividend yield has also increased from 0.93% in 2018-19 to 2.63% in 2022-23.
This shows that Mphasis is a dividend paying company and has been increasing its dividends over time. However, it is important to note that the dividend yield is still relatively low compared to other companies in the same sector. So, if you are looking for a company with a high dividend yield, Mphasis may not be the best option.
Overall, Mphasis has a good dividend history and has been increasing its dividends over time. However, the dividend yield is still relatively low compared to other companies in the same sector.