Infosys Limited ( NYSE:INFY – Get Rating ) declared a semi-annual dividend on Wednesday, May 31st, Wall Street Journal reports. Shareholders of record on Friday, June 2nd will be given a dividend of 0.2134 per share by the technology company on Monday, July 3rd. This represents a yield of 1.5%. The ex-dividend date of this dividend is Thursday, June 1st. This is an increase from Infosys's previous semi-annual dividend of $0.17. Infosys has a dividend payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings.

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