Mindtree announces 200 per cent special dividend

In its 20th year, while battling a takeover bid from L&T, Mindtreehas crossed the $1 billion-mark in revenues.

It has also announced a 50 per cent special dividend in one of its largest payouts.

The company’s board of directors has declared an interim dividend of 30 per cent or ₹3 per equity share of ₹10 each.

Additionally, the Board has also recommended a 40 per cent final dividend — or ₹4 per share — and a special dividend of 200 per cent (₹20 per share).

Mindtree’s CEO and Managing Director Rostow Ravanan said that the goodies to shareholders were to celebrate the twin achievements of exceeding $1 billion in annual revenues and the 20th anniversary of the company.