Persistent Systems Limited has informed the Exchange that Board of Directors at its meeting held on April 24, 2025, recommended Final Dividend of Rs. 15 per equity share.
PERSISTENT · price
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On the reaction day the stock moved 0.2 pts less than Nifty Midcap 150 and 0.4 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Persistent Systems Limited, at its meeting held on April 24, 2025, has recommended a Final Dividend of Rs. 15 per equity share for the financial year. The dividend is subject to the approval of shareholders at the upcoming Annual General Meeting. The record date and payment timeline will be communicated separately by the company. The recommendation reflects the company's ongoing practice of returning value to shareholders from its earnings.
This is a routine final dividend declaration and is positive for shareholders in terms of income, but the quantum is modest relative to Persistent's high share price, so the immediate price reaction is likely to be limited. Investors should watch for the record date announcement to know eligibility.