IT major Tata Consultancy Services (TCS) is all set to announce dividend for its shareholders on January 9 (Thursday), on the date when the company is slated to release its fiscal third quarter earnings report. In a regulatory filing on December 31, TCS had said, “Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Thursday, January 9, 2025, inter alia to…consider declaration of third interim dividend to the equity shareholders.”
“If dividend is announced by TCS, then this would be third (3rd) interim dividend by the Tata Group company in the current financial year (FY2024-25),” it added.
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The company has already fixed the record date for dividend payment. In the exchange filing, TCS said, “The third interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, January 17, 2025 which is the Record Date fixed for the purpose.”
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According to BSE, TCS in 2024, paid dividend on 5 occasions, aggregating to Rs 75. Back in 2023 and 2022, TCS had rewarded its investors by paying dividends of Rs 117 and Rs 45, respectively.
In FY23, TCS had paid interim dividends of Rs 27 on three different occasions, a final dividend of Rs 28, and a special dividend of Rs 18 to its shareholders.
Earlier in October, TCS had announced its fiscal second quarter earnings with profit at Rs 11,909 crore, up 5.0 per cent in comparison to Rs 11,342 crore during the corresponding quarter of previous financial year.
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