Infosys interim dividend for Oct '16 is reflecting as 0% on Economic Times. What is the meaning of the same ?
By Definition, An interim dividend is a distribution to shareholders that has been both declared and paid before a company has determined its full-year earnings. Such dividends are frequently distributed to the holders of a company's common stock on either a quarterly or semi-annual basis.
recently infosys announced interim dividend on 16/09/2016 and the effective date is 21/10/2016
Here they says 0% dividend means no dividend.