IT Stock That Gives You A Dividend Yield Of More Than 6%
Oracle Financial Services has a dividend yield of.
This is probably the only IT services stock that gives you such a high dividend yield.
The company has a good track record of consistently paying dividends over the years.
Last year the company paid a dividend of Rs 190 per share.
Based on the current market price of Rs 3139, the dividend yield on the stock works to 6 .06%.
The company is one of the top dividend paying stocks from the IT sector.
Insurance and banking related IT software and services
The 52- week high on the stock is Rs 3835, while the 52- week low on the stock is Rs 2883.80 on the Bombay Stock Exchange.
The on the stock and merely 52- week high giving you information.
Quarterly results of Oracle Financial Services for Dec quarter 2023
Net income for the quarter ending Dec 31, 2023 was Rs. 437 Crore, up 0 .4 % year- over- year.
Revenue for the Quarter was Rs. 1,449 Crore, up 14% year- over- year.
Operating income for the quarter was Rs. 579 Crore, up 4 % year- over- year.
For the three months ended December 31, 2022, the Products business posted revenue of Rs. 1,303 Crore, up 15 % year- over- year.
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By Sunil Fernandes Goodreturns source: Dailyhunt