Latest news with #PersistentSystems'
Economic Times
11-07-2025
- Business
- Economic Times
Persistent Systems, R R Kabel shares dividend: Record date on Monday. Last chance to buy
Shares of Persistent Systems and R R Kabel are among a few other companies that may grab the limelight in Friday's session as these companies had fixed July 14 as the record date for determining dividend eligibility for their shareholders. ADVERTISEMENT This means that the investors who buy the shares of these companies by the end of today's trading session will be eligible to receive the respective dividends from the companies. Indian financial markets follow a T+1 settlement system. Under the T+1 settlement cycle, an investor must purchase shares at least one day before the record date to qualify for the dividend. If the shares are bought on or after the ex-dividend date, the buyer will not be eligible for the dividend payout. The company has announced a final dividend of Rs 15 per share for the eligible shareholders, with July 14 as the record date.'We wish to inform you that the Board of Directors of the Company, at its meeting held in April 2025, has recommended the Final Dividend of INR 15 (INR Fifteen) per Equity Share of INR 5 (Five) each for the Financial Year 2024-25 subject to the approval by Members,' the company said in a previous filing to the exchanges. ADVERTISEMENT In the past 12 months, Persistent Systems has declared an equity dividend amounting to Rs 20 per share, and at a share price of Rs 5,661.50, Persistent Systems' dividend yield is 0.35%.The board of R R Kabel had announced a final dividend of Rs 3.5 per share, fixing July 14 as the record date. ADVERTISEMENT 'Pursuant to Regulation 42 of the SEBI Listing Regulations, the Company has fixed the 'Record Date' for the payment of final dividend as follows: Monday, 14 July 2025 : Determination of Members eligible for payment of final dividend of Rs. 3.50/- per equity shares (i.e. 70% of the face value) for FY 2024-25,' the company had informed to the stock the past 12 months, R R Kabel has announced an equity dividend of Rs 5.50 per share. With a share price at Rs 1,343.90, the dividend yield stands at 0.41%. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Yahoo
15-05-2025
- Business
- Yahoo
Indian IT firm Persistent Systems drops after report that key client UnitedHealth faces criminal probe
(Reuters) -Shares of Persistent Systems declined 3% on Thursday, the most among Indian IT services providers, after a media report said that key client UnitedHealth Group was under a criminal probe for possible Medicare fraud. The U.S. Department of Justice's healthcare-fraud unit is overseeing the criminal investigation, which focuses on UnitedHealth's Medicare Advantage business practices, the Wall Street Journal had reported. The company said it stood by the integrity of the program. UnitedHealth is one of Persistent Systems' top five clients and has an "over $100 million relationship" with the company, said Rahul Jain, an IT analyst at Dolat Capital. It was not clear how much of Persistent Systems' revenue is linked to UnitedHealth. The company did not respond to a Reuters email seeking comment. The stock was set for its worst day in one month and the biggest drag on the IT index, which was up 0.4%.
Reuters
15-05-2025
- Business
- Reuters
Indian IT firm Persistent Systems drops after report that key client UnitedHealth faces criminal probe
May 15 (Reuters) - Shares of Persistent Systems ( opens new tab declined 3% on Thursday, the most among Indian IT services providers, after a media report said that key client UnitedHealth Group (UNH.N), opens new tab was under a criminal probe for possible Medicare fraud. The U.S. Department of Justice's healthcare-fraud unit is overseeing the criminal investigation, which focuses on UnitedHealth's Medicare Advantage business practices, the Wall Street Journal had reported. The company said it stood by the integrity of the program. UnitedHealth is one of Persistent Systems' top five clients and has an "over $100 million relationship" with the company, said Rahul Jain, an IT analyst at Dolat Capital. It was not clear how much of Persistent Systems' revenue is linked to UnitedHealth. The company did not respond to a Reuters email seeking comment. The stock was set for its worst day in one month and the biggest drag on the IT index (.NIFTYIT), opens new tab, which was up 0.4%.
