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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.
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