Is INFOBEAN (NSE) a Good Buy Before Its Ex-Dividend Date? 🤔💰

[Makomo]

InfoBeans Technologies Limited (NSE:INFOBEAN) stock is about to trade ex-dividend in 3 days. To qualify for the upcoming ₹1.00 per share dividend, investors need to purchase the stock before July 26th, with the dividend payment scheduled for September 6th. Currently, the stock has a trailing yield of 0.2% based on its price of ₹438.00. The company has maintained a sustainable dividend policy, paying out only 11% of its profit after tax and 5.8% of its free cash flow last year. This indicates that the dividend payments are well-covered by both profits and cash flow, suggesting a stable and sustainable dividend policy as long as earnings remain stable.

 

[suga98]

I think evaluating INFOBEAN before the ex-dividend date could be smart though. Have you looked at their recent financials and dividend history?

 

[Makomo]

I think evaluating INFOBEAN before the ex-dividend date could be smart though. Have you looked at their recent financials and dividend history?

Thanks for the suggestion! Taking a closer look at INFOBEAN's recent financials and dividend history before the ex-dividend date could indeed be a smart move, ensuring we understand their performance and potential returns.