Dividend Stock: As soon as January starts, companies listed in the stock market have started releasing their results for the third quarter (October-December 2024). Along with releasing the results, these companies are also declaring dividends for the shareholders. In this connection, the country’s largest IT company TCS (Tata Consultancy Services) also released the results for the third quarter of the financial year 2024-25 on January 9. Along with releasing the results, this Tata Group company had also announced a huge dividend for the investors.
Company will give dividend of Rs 76 on every share
TCS had declared a total dividend of Rs 76 on each share for its shareholders. The company had said in an exchange filing that the Board of Directors of TCS had approved giving an interim dividend of Rs 10 as well as a special dividend of Rs 66 to the shareholders. The company had already fixed the record date for this dividend of Rs 76 to be given to investors. TCS has fixed the record date for payment of dividend on Friday, January 17.
Dividend benefit will be available only on shares purchased till January 16
TCS shares will trade ex-dividend on Friday, January 17. This simply means that the new shares purchased on January 17 will not get the benefit of dividend. If an investor wants to avail the benefit of dividend, he will have to buy shares before the market closes on January 16.
Shares of the company are trading with a slight decline on Wednesday
Let us tell you that till 12.13 pm on Wednesday, TCS shares were trading at Rs 4228.00 with a slight decline of Rs 5.75 (0.14%) on BSE. The shares of the IT company, which closed with a fall at Rs 4233.75 on Tuesday, opened with a fall even today at a price of Rs 4223.75. Till the time of writing the news, TCS shares had reached intraday high of Rs 4246.60 to intraday low of Rs 4208.00.
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