Persistent Systems shares jump 5% on Rs 10 dividend announcement

Persistent Systems shares rise: Shares of IT company Persistent Systems climbed as much as 5.27 per cent to hit an intraday high of Rs 4,101.65 per share on Friday.

The surge in share price came on the back of a divided announcement, coupled with Accenture’s Q3 performance, which met street expectations.

The IT company declared a final dividend of Rs 10 for FY24. In an exchange filing, Persistent Systems said, “We wish to inform you that the Board of directors of the company, at its meeting held in April 2024, has recommended the final dividend of Rs 10 (Ten) per equity share of Rs 5 (Five) each for the financial year 2023-24.”