5 Indian Tech Stocks that Pay Dividends

2. Sonata Software Limited (NSE:SONATSOFTW.NS)

Dividend Yield as of August 15: 3.05%

Sonata Software Limited (NSE:SONATSOFTW.NS) is a Bengaluru-based global IT service company that specializes in intelligence and analytics, cloud, social media, and enterprise services. The company is one the most profitable IT names in the country, as it grew its revenue at a CAGR of 23% in the last three years.

In Q1 2023, Sonata Software Limited (NSE:SONATSOFTW.NS) reported revenue of $56.8%, which presented a 27.7% year-over-year growth. The company’s Data and Analytics unit represented 2.7% of the gross revenue, while its Managed Cloud Services accounted for 5.6%. During the quarter, the company used 42% of its cash in shareholders’ payout.

Sonata Software Limited (NSE:SONATSOFTW.NS) pays a quarterly dividend of INR 5.24 per share, with a dividend yield of 3.05%, as of August 15.