TCS will be paying an interim dividend of Rs 10 per share, as well as a special dividend of Rs 66 per share
The Board of TCS has approved a third interim dividend of Rs 10 per share, along with a special dividend of Rs 66 per share for the financial year ending in March 2025.
Both the third interim dividend and the special dividend will be distributed to the company’s shareholders on February 3rd, with the record date set for January 17th. This announcement was made in conjunction with the release of the third-quarter results, where TCS reported a 12% increase in net profit to Rs 12,380 crore, and a 6% rise in revenue to Rs 63,973 crore.
Shares of TCS will trade ex-dividend on the record date or the day before. When a company goes ex-dividend on a specific date, the stock no longer includes the value of the upcoming dividend payment. The ex-dividend date also determines which shareholders are eligible to receive the dividend.
TCS has already declared two dividends of Rs 10 each earlier in the fiscal year, in both the June and September quarters. Over the past 12 months, TCS has paid out a total dividend of Rs 75 per share, resulting in a yield of approximately 1.86% at current price levels.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.