October Dividend: Tata Group Stock Fixes Record Date For 2nd Interim Dividend

Tata Group stock, Tata Consultancy Services Ltd has fixed the record date for the second interim dividend. The record date is set as October 18, 2022 for second interim dividend, if announced. The company has a market capitalization of Rs 10,99,398.58 crore at the time of writing the report. Tata Consultancy Services (TCS) is one of the largest multinational IT service and consulting companies.

TCS is headquartered in Mumbai, India, but has offices globally. Check key takeaways pertaining to dividend announcement, stock outlook, and about the company below:

1. TCS Declares Record Date For 2nd Interim Dividend

The board of directors of TCS held a meeting on September 30 to fix the record date and stated in their regulatory filing, "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 Monday, October 10, 2022, inter alia to:
i. approve and take on record the audited standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and six month period ending September 30, 2022;
ii. approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the quarter and six month period ending September 30, 2022; and
iii. consider declaration of second interim dividend to the equity shareholders.

2. TCS Stock Outlook

The current market price of Tata Consultancy Services Ltd is Rs 3004 apiece with an intraday gain (Friday, September 30, 2022) of 0.24%. The stock opened at Rs 2995, touched intraday high at Rs 3019 apiece and intraday low at Rs 2950 apiece, respectively.

3. TCS 52-Week High/Low

The stock's 52-week high is Rs 4045 apiece and 52-week low is Rs 2926 apiece.

4. TCS Dividend History

It has a good dividend history and regularly declared dividend in the last 5 years. The company for the quarter ended March 2022 announced a solid dividend of 4300.00% or Rs 43 per share. If the current stock price of Rs 3004 is taken into consideration, it has a dividend yield of 1.43%.

5. TCS Market Capitalisation

The company has a market capitalization of Rs 10,99,398.58 crore.

6. 5 Years Return

TCS has given a return of 146% in the last 5 years, 43% in the last 3 years, and a negative return of 20% in the last 1 year. The stock is now just 3% away from its 52- week low. 

7. TCS About

A part of the Tata group, India's largest multinational business group, TCS has over 592,000 of the world's best-trained consultants in 55 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology, and engineering services and solutions. This is delivered through its unique Location Independent Agile^TM delivery model, recognized as a benchmark of excellence in software development, according to its official website.