TCS Dividend 2024: The IT bellwether has announced to pay 2800 per cent dividend to its shareholders. The Tata Group company’s post tax profit during the January-March period last year stood at Rs 11,392 crore.
TCS Dividend 2024: Tata Consultancy Services or TCS has announced to reward the shareholders with a final dividend. The company made the announcement on Friday, 12th April while announcing the quarterly earnings report. TCS has the high dividend yield among the IT firms which stands at 1.27 per cent. The company’s net profit grew 9 per cent to Rs 45,908 crore.
The IT bellwether has announced to pay 2800 per cent dividend to its shareholders. A dividend is always calculated on the face value of a stock and not on the market price of the stock. Here the face value of each stock of the Tata Group company is Re 1 which translates to a dividend amount of Rs 28 per equity share of Re 1 each of the IT company.
| Ex-Date | Amount (Rs) |
| 19 Jan, 2024 | 9 |
| 19 Jan, 2024 | 18 |
| 19 Oct 2023 | 9 |
| 20 July 2023 | 9 |
| 15 June 2023 | 24 |
| 16 Jan 2023 | 8 |
| 16 Jan 2023 | 67 |
TCS Dividend Record, Payment Date
The IT major has not fixed the dividend record and the payment date.
The company has had a dividend yield of 1.27 per cent in the last 12 months at the current levels.
TCS Share Price Today News
TCS share price settled 0.45 per cent higher at Rs 4,000.30 apiece on the BSE on Friday as against a 1.06 per cent correction in the benchmark.
India’s largest software services company TCS on Friday reported a 9.1 per cent growth in its March quarter net profit at Rs 12,434 crore. The Tata Group company’s post tax profit during the January-March period last year stood at Rs 11,392 crore. In the fiscal year 2023-24, the company’s net profit grew 9 per cent to Rs 45,908 crore, as per an exchange filing. In the March quarter, its revenue grew 3.5 per cent to Rs 61,237 crore year on year. Its operating profit margin expanded by 1.50 per cent to 26 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 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.)