Dividend stocks 2024: Shares of Tata Consultancy Services Ltd (TCS) will be in focus when the stock market opens on May 16 (Thursday).
The Board of Directors of TCS has declared a final dividend of ₹28.00 per equity share for its eligible shareholders.
ALSO READ: TCS sets the bar: Merges AI and cloud businesses to form Ai.Cloud
The record date by the company to ascertain the eligibility of shareholders for the dividend issue has been fixed on May 16.
TCS dividend details
In a stock exchange filing, Tata Consultancy Services said: “The Board of Directors at its meeting held on Friday, April 12, 2024 had recommended a final dividend of ₹28 per equity share of ₹1 each of the Company for approval by the shareholders at the Annual General Meeting (‘AGM’) scheduled to be held on Friday, May 31, 2024.”
“If the final dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be made on Tuesday, June 4, 2024,” the filing added.
Shares of Tata Consultancy Services will trade ex-dividend on Thursday.
TCS Q4 results 2024
Tata Consultancy Services (TCS) on April 12 reported a 9 per cent rise in net profit at ₹12,434 crore in January-March quarter of FY24, helped by improved margin and strong performance of India business.
Its revenue increased by 3.5 per cent to ₹61,237 crore during the March quarter from ₹60,583 crore in the corresponding quarter a year ago.
ALSO READ: TCS’ Krithivasan earns the lowest among top Indian IT CEOs
TCS’ operating margin expanded by 1.50 per cent to 26 per cent, which boosted the profit.
In the fourth quarter, the company got new orders worth $13.2 billion, highest-ever in a quarter.
In a statement, chief executive and managing director K Krithivasan had said that profit margin and order book validates the robustness of the business model and execution excellence.
“In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership,” he said.
For the full fiscal year 2024, the IT company’s net profit grew 9 per cent to ₹45,908 crore, while the revenue rose to ₹2,40,893 crore from ₹2,25,458 crore in FY23.
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TCS Dividend Record Date 2024, TCS Share Price History, TCS Share Price NSE, BSE: IT bellwether TCS has announced third interim dividend to its shareholders. The company has already fixed the record date for the purpose. TCS quarterly earnings will be announced on January 11.
TCS Dividend Record Date 2024: Tata Consultancy Services Dividend History, Yield, Share Price History and More
TCS Dividend Record Date 2024, TCS Share Price History, TCS Share Price NSE, BSE: Tata Consultancy Services (TCS) has fixed the record date for the payment of the third interim dividend on equity shares for the financial year 2023-24. The meeting of the Board of Directors of the company is scheduled to be held on Thursday, January 11, 2024 to consider and approve the monetary benefit for the shareholders of the company. Tata Group company TCS is the Information Technology (IT) bellwether in the country.
TCS Dividend 2024 Record Date January Latest News Today
IT giant has fixed Friday, January 19, 2024 as the record date for the purpose of determining the eligibility of the equity shareholders for the third interim dividend for the financial year 2023-24.
The company in a regulatory filing, said “a meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Thursday, January 11, 2024, inter alia to: approve and take on record the audited standalone financial results of the Company for the quarter and nine month period ending December 31, 2023; consider declaration of third interim dividend to the equity shareholders.”
“The third interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, January 19, 2024, which is the Record Date fixed for the purpose,” the company said in a statement.
TCS Dividend 2024 Payout Date Latest News
IT major is likely to announce dividend payout date and amount after the board meeting scheduled to be held on Thursday, January 11, 2024.
The company has had a dividend yield of 1.32 per cent in the last 12 months as per the current market price.
In the current financial year, the company announced dividend on two occasions in July and October, totalling to Rs 18. Prior to that, the company announced dividend on 15th June 2023 amounting to Rs 24. Earlier, on 16th Jan of Rs 8.
The counter settled in red in Tuesday’s trading session to quote at Rs 3,781.15 a share on the NSE, down by 0.79 per cent. In the last 30 days, the stock went up by 7.80 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
TCS Q3 Results 2024 Date and Time, TCS Dividend Record Date 2024: TCS quarterly earnings will be declared on January 11 and the company is also likely to declare the third interim dividend to its equity shareholders. The record date for the same has already been fixed.
TCS Q3 Results 2024 Date and Time: Tata Consultancy Services Set To Declare Quarterly Results; Check TCS Dividend Record Date 2024.
TCS Q3 Results 2024 Date and Time, TCS Dividend Record Date 2024: IT bellwether Tata Consultancy Services (TCS) is set to declare its results for the quarter ended 31st December 2023 next week. IT major informed the exchanges that it will also consider the payment of third interim dividend to its shareholders. It has already fixed the record date for the purpose.
TCS Q3 Results 2024 Date and Time
TCS Q3 FY 2024 results will be declared on Thursday, January 11 post the market hours.
The company in a regulator filing, said ” a meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Thursday, January 11, 2024 to approve and take on record the audited standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and nine month period ending December 31, 2023; approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the quarter and nine month period ending December 31, 2023″
TCS Dividend Record Date 2024
Tata Group company has also fixed the record date for the payment of the third interim dividend to its equity shareholders. The company has fixed Friday, January 19, 2024 as Record Date to ascertain the eligibility of the shareholders to receive the benefit of the corporate action.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)