TCS Dividend: Tata Consultancy Services (TCS), the largest company in the IT sector in the country, has declared dividend. The company will issue a third interim dividend of Rs 10 each to its shareholders for the financial year ending March 2025. Along with this, the company has also declared a special dividend of Rs 66 on Re 1 per equity share. The company has made this announcement along with the results of December quarter of FY25. A decline of 1.72 percent was observed in the company’s shares today and the stock closed at Rs 4036.65 on BSE.
When is the record date for TCS Dividend?
TCS The third interim dividend and special dividend will be given to the shareholders on February 3 and the record date for this has been fixed as January 17. TCS shares will trade ex-dividend on or a day before the record date. Dividend is the amount that a company distributes as part of its profit to its shareholders. This is a way of distributing the company’s profits among the shareholders.
The IT company has declared two dividends of Rs 10 each in both the June and September quarters at the beginning of this financial year. TCS’s dividend in the last 12 months has been Rs 75 per share and is around 1.86% at the current price level.
How were TCS’s quarterly results?
Talking about the December quarter results, TCS has performed brilliantly. During this period, the net profit of the IT company has increased by 12% to Rs 12,380 crore. At the same time, the revenue of the company has increased by 6 percent and it became Rs 63,973 crore. TCS was projected to post net profit of Rs 12,308 crore and revenue of Rs 64,218 crore in a Moneycontrol poll.