TCS Announces Rs 10/Share As Interim Dividend; Rs 66/Share As Special Dividend


Last Updated:

Tata Consultancy Services Ltd. (TCS), the largest domestic software exporter, on Thursday announced an interim dividend.

TCS announces has declared its Q3 results.

TCS Q3 Dividend Announced: Tata Consultancy Services Ltd. (TCS), the largest domestic software exporter, on Thursday (January 9) announced an interim dividend of Rs 10 per share for the financial year 2024-25 (FY25) and a special dividend of Rs 66 for the financial year 2024-25.

TCS Interim Dividend Record Date & Payment

The company has set January 17 as the record date to determine shareholder eligibility, and the dividend will be distributed on February 3, 2025.

TCS shares will begin trading ex-dividend on the record date or the day prior.

When a company goes ex-dividend, its stock no longer includes the value of the upcoming dividend payment. The ex-dividend date also determines which shareholders are entitled to receive the dividend.

The dividend declaration was made alongside the company’s third-quarter results.

TCS Dividend History

According to the Bombay Stock Exchange (BSE), TCS paid a total dividend of Rs 75 across five occasions in 2024. In the previous years, TCS rewarded its investors with dividends of Rs 117 in 2023 and Rs 45 in 2022.

In FY23, TCS distributed interim dividends of Rs 27 on three separate occasions, a final dividend of Rs 28, and a special dividend of Rs 18 to its shareholders.

TCS shares closed 1.57% lower on Thursday at Rs 4,044. Over the past 12 months, the stock has appreciated by 9%.

Results Overview

TCS announced its December quarter results, which were largely in line with market expectations.

The company reported a revenue of Rs 63,973 crore, marking a slight decline of 0.4% compared to the June quarter.

Net profit for the quarter grew by 4% from the June quarter, reaching Rs 12,380 crore.

The BSNL deal is set to scale down starting March 2025, with a significant revenue reduction expected from the June 2025 quarter onward.

For the December quarter, TCS posted an EBIT of Rs 15,477 crore, slightly below the expected Rs 15,759 crore.

The EBIT margin for the quarter was 24.5%, showing a small improvement from the 24.1% in the previous quarter.

Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

News business » markets TCS Announces Rs 10/Share As Interim Dividend; Rs 66/Share As Special Dividend

Umair

Muhammad Umair is a passionate content creator, web developer, and tech enthusiast. With years of experience in developing dynamic websites and curating engaging content, he specializes in delivering accurate, informative, and up-to-date articles across diverse topics. From gaming and technology to crypto and world news, Umair's expertise ensures a seamless blend of technical knowledge and captivating storytelling. When he's not writing or coding, he enjoys gaming and exploring the latest trends in the tech world.

Related Posts

Prince Harry’s former Invictus Games CEO makes rare confession about royal

Prince Harry’s former Invictus Games CEO makes rare confession about royal Prince Harry has dedicated a major chunk of his royal life and beyond over his beloved Invictus Games. As…

Khloé Kardashian finally finds closure with ex Lamar Odom after nine years

Khloé Kardashian finally finds closure with ex Lamar Odom after nine years Khloé Kardashian has recently reflected on her painful relationship with her former husband Lamar Odom. During the latest…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

APAC outpaces US, Europe in retail Bitcoin trading, survey reveals

  • By Umair
  • February 6, 2025
  • 2 views
APAC outpaces US, Europe in retail Bitcoin trading, survey reveals

Prince Harry’s former Invictus Games CEO makes rare confession about royal

  • By Umair
  • February 6, 2025
  • 2 views
Prince Harry’s former Invictus Games CEO makes rare confession about royal

UAE Ministry Partners With Shiba Inu to Drive Web3 Innovation

  • By Umair
  • February 6, 2025
  • 3 views
UAE Ministry Partners With Shiba Inu to Drive Web3 Innovation

Khloé Kardashian finally finds closure with ex Lamar Odom after nine years

  • By Umair
  • February 6, 2025
  • 1 views
Khloé Kardashian finally finds closure with ex Lamar Odom after nine years

Carlyle-Backed Hexaware Technologies IPO To Open On February 12; Company To Raise Rs 8,750 Crore

  • By Umair
  • February 6, 2025
  • 2 views
Carlyle-Backed Hexaware Technologies IPO To Open On February 12; Company To Raise Rs 8,750 Crore

Kate Cassidy reveals why she left Argentina before Liam Payne’s death

  • By Umair
  • February 6, 2025
  • 2 views
Kate Cassidy reveals why she left Argentina before Liam Payne’s death