875% Dividend Payout: Multibagger Mid Cap IT Stock To Go Ex-Dividend In 2-Days

Shares of mid cap IT Software company, Sonata Software Ltd are all set to trade ex-dividend on July 21, 2023. The company on May 13, 2023 recommended a Final Dividend of Rs. 8.75/- per Equity share (875% on par value Re. 1/-) for the financial year ended March 31, 2023. Sonata Software shares delivered 110% return in last 1-year only and 81% return in last 6-months. Check details below:

Sonata Software Shares To Trade Ex-Dividend On July 21, 2023: The shares of Sonata Software will trade ex-dividend on July 21, 2023. Earlier this year on May 13, 2023, the company in its BSE filing stated, "Recommended a Final Dividend of Rs. 8.75/- per Equity share (875% on par value Re. 1/-) for the financial year ended 31°%t March, 2023 and the Final Dividend is payable subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). The dividend, subject to the approval of shareholders, will be dispatched / credited within 30 days from the date of ensuing AGM. We shall inform you in due course the date on which the 28" Annual General Meeting of the Company will be held."

Sonata Software Stock Outlook & Return Over Years: Last trading price of Sonata Software share is Rs 1055.00 per share with intraday gain of 0.49% on BSE. Its 52-week high price is Rs 1094.00 per share and 52-week low price is Rs 487.50 per share, respectively. The stock traded new 52-week high on July 17 and July 18. The company has a market capitalisation of Rs 14,792.41 crore. Sonata Software stock offered return of 80% in last 6-months, 78% in last 2-years, and 483% in last 3-years. In last 10 years, Sonata Software stock rallied 5123.74%.

Sonata Software Recent Quarterly Results: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 1938.47 crore, down 14.88% from last quarter total income of Rs 2,277.33 crore. It announced its recent quarter net profit after tax at Rs 113.77 crore.

Sonata Software About: 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. Sonata has partnerships with leading technology providers such as Microsoft, Amazon, Google, among others, and has received several awards and recognition for its services, according to its official website.

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