875% Dividend: Board Of Mid Cap Company Fixes Record Date, YTD Return 74%

Board of directors of mid-size IT Software company, Sonata Software Ltd on July 7, 2023 fixed July 21, 2023 as the record date for final dividend of Rs 8.75/- per equity share (875% on par value of Re 1/-). Sonata Software shares offered attractive returns to investors in last few years with stock surging 72% in last 6-months and 74% YTD (year-to-date). Current marke tprice of Sonata Software stock is Rs 1008.15 per share on BSE at 12:13 pm on July 7, 2023. Check details below:

Sonata Software Declares Record Date For Final Dividend: As per the BSE filing of the company, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members of the Company will be closed from July 22, 2023 to July 30, 2023 (both dates inclusive) for the purpose of 28th Annual General Meeting ('AGM') of the Company and to determine the members eligible to receive Final Dividend for FY 2022-23. If the final dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be as under:

a. To all beneficial owners in respect of shares held in electronic form, the dividend will be payable as per details furnished by the Depositories for this purpose as at close of business hours on July 21, 2023."

Earlier this year on May 13, 2023 the company recommended a Final Dividend of Rs. 8.75/- per equity share (875% on par value Re. 1/-), subject to approval of shareholders of the Company.

Sonata Software Stock Performance, Return, And Financial Outlook: The current market price of Sonata Software share is Rs 1008.15 per share with intraday fall of 0.30% on BSE till 12:17 pm. The stock's 52-week high price is Rs 1078.15 per share and 52-week low price is Rs 487.50 per share, respectively. The company has a market capitalisation of Rs 14,135.51 crore. In last 1-year, Sonata Software shares delivered 95% return to shareholders, offered 83% gain in last 2-years, and 464% return in last 3-years. Sonata Software stock witnessed a rally of 4,878% in last 10-years.

The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 1938.47 crore, down 14.88% from previous quarter total income of Rs 2,277.33 crore. It announced latest quarter net profit after tax at Rs 113.77 crore.

Sonata Software About: Sonata Software Limited is a leading Modernization engineering company, headquartered in Bangalore. Sonata provides modernization services using its proprietary Platformation^TM approach. It specializes in cloud and data modernization, Microsoft Dynamics Modernization, Digital contact center setup and management, managed cloud services and digital transformation services. Founded in 1986, the company has since grown to have a presence in North America, Europe, ANZ and Asia-Pacific, according to its official website.

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