5 Indian Tech Stocks that Pay Dividends

In this article, we discuss 5 Indian tech stocks that pay dividends. If you want to read our detailed analysis of India’s tech industry and dividend investment strategy, go directly to read 10 Indian Tech Stocks that Pay Dividends. 

5. Infosys Limited (NYSE:INFY)

Dividend Yield as of August 15: 2.01%

Infosys Limited (NYSE:INFY) is an Indian multinational information technology company that provides outsourcing services to its consumers.

In Q1 2023, Infosys Limited (NYSE:INFY) reported revenue of $4.44 billion, showing a 17.5% year-over-year growth and also beating estimates by $180 million. The company ended the quarter with over $1.7 billion available in cash and cash equivalents, with $15 billion in total assets. For FY23, the company increased its revenue guidance to 14%-16%. Infosys Limited (NYSE:INFY) pays a quarterly dividend of $0.177 per share, and has a dividend yield of 2.01%, as of August 15.

In July, Wedbush set a $25 price target on the stock on account of its mixed Q1 2023 results. However, the firm maintained its Outperform rating on the stock.

At the end of Q1 2022, 25 hedge funds in Insider Monkey’s database owned stakes in Infosys Limited (NYSE:INFY), down from 27 in the previous quarter. These stakes are collectively valued at over $2.2 billion.