Mphasis has announced a ₹55 dividend for its shareholders, payable on August 24, 2024. This is the highest-ever dividend of the Indian IT MNC, with an above-industry yield of 2.3%. The company, with a strong history of dividends, paid ₹50 per share in July 2023. Despite a 3.7% revenue drop in FY24, Mphasis secured significant deals and aims for 14.6% to 16.0% EBIT margins in FY25.