Rs 9/Share Dividend In Q2: Tata Group Stock To Recommend Dividend Again

Large cap Tata Group stock Tata Consultancy Services is all set to consider declaration of third interim dividend on January 11, 2024. TCS also fixed January 19, 2024 as the record date for 3rd interim dividend, if declared.

Last trading price of TCS share on BSE is quoted at Rs 3794.95 apiece with intraday fall of 0.16%. Tata Consultancy Services shares gained 18% in last 18% in last 6-months. TCS stock surged 8% in last 1-month. Check details below:

Tata Consultancy Services To Consider Interim Dividend, Financial Results: According to the BSE filing of the company dated December 29, 2023, "meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Thursday, January 11, 2024, 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 nine month period ending December 31, 2023;

ii. approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the quarter and nine month period ending December 31, 2023; and

iii. consider declaration of third interim dividend to the equity shareholders.

TCS Sets Record Date For 3rd Interim Dividend: The regulatory filing issued today further stated, "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 19, 2024, which is the Record Date fixed for the purpose."

Tata Consultancy Services Dividend In Q2: As per the regulatory filing of the company dated October 11, TCS announced its 2nd interim dividend of Rs 9 per equity share of Re 1 each of the company. The company will be paying the 2nd interim dividend on Tuesday, November 7, 2023 to the equity shareholders of the company whose name reflect on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Thursday, October 19, 2023, which is the Record Date fixed for the purpose.

TCS Stock Outlook & Return: The last trading price of TCS share on BSE is Rs 3794.95 per share Its 52-week high price is Rs 3,928.95 per share and 52-week low price is Rs 3070.30 per share, respectively. The company has a market capitalisation of Rs 13,88,591.70 crore. TCS shares witnessed a decline of 1.69% in last 2-weeks, gained 7.48% in last 3-months, jumped 16% in last 1-year, soared 29% in last 3-years, and rose 100% in last 5-years when S&P BSE Information Technology gave return of 156.27% (5 years) and benchmark Sensex gained 100.24%

TCS Q2 Result: TCS operating profit during Q2 soared 9.1% to Rs 14,483 crore and operating margins widened by 25 bps to 24.3%. It is worth mentioning here that in the Q2 results of TCS, the US Dollar revenue fell for the first time in 17 quarters. Revenue in US Dollar terms declared at $7.2 billion. Sequentially, the company's US Dollar revenue fell by 0.2%.

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