India: Bengaluru-headquartered Infosys Ltd., backed by Rishi Sunak’s, the new British Prime Minister, wife Akshata Murty is trading ex-dividend today.

Infosys Ltd. has declared an interim dividend of Rs 16.5 per share, payable on November 10, for investors on record as of October 28. The Infosys (INFY) board made the announcement on October 13.

Informing Indian stock market indices about interim dividend record date, Infosys Ltd said, “We wish to inform you that the Board of Directors (“Board”) of Infosys Limited ( “Company”) at its meeting declared an interim dividend of Rs 16.50/- per equity share. Fixed October 28, 2022 as record date for interim dividend and November 10, 2022 as payout date.”

Know About an ex-dividend?

Ex-dividend refers to a stock that trades without the value of the next dividend payment. A stock is ex-dividend if it trades on or after the ex-dividend date. If you buy a stock after it has gone ex-dividend, you will own the stock but will not get the next dividend payment for that stock. Instead, the payment will go to the person who sold you the stock.

Akshata Murty’s Stake in Infosys

Rishi Sunak and his family are the richest ever occupants of Number 10 Downing Street, largely due to the fortune the first lady Akshata Murty inherits from her billionaire father Narayana Murthy.