Tata Group IT Major TCS Recommends Rs 24 Per Share Final Dividend

Tata Consultancy Services Ltd. (TCS), a Tata Group IT sector major company, today, on April 12, 2023, announced quarter four earnings results. The company reported a net profit of Rs. 11,436 cr for the Q4 ended in March 2023, a rise of 5% QoQ as compared to Rs. 10,883 cr for the Q3 ended in December 2022. The company recommended a final dividend of Rs 24 per share for the financial year 2022-23.

The company in its regulatory filing by the TCS said, "we would like to inform you that at the Board Meeting held today, the Directors have recommended a Final Dividend of ₹24 per Equity Share of ₹1 each of the Company which shall be paid/dispatched on the fourth day from the conclusion of the 28th Annual General Meeting, subject to approval of the shareholders of the Company."

Meanwhile, the shares of TCS jumps by 0.87% and ended at Rs 3,241.65 apiece on NSE. Its previous close was Rs 3,213.80 apiece. It has given 12.18% negative return in 1 year. In the past 3 and 5 years it has given 83.54% and 106.52% positive returns, respectively.

The stock of TCS recorded its 52 week high at Rs 3,739.95 apiece and 52 week low at Rs 2,926.10 apiece. TCS is India's It sector major company. It is a large-cap Tata company having a market capitalisation of Rs 11,86,136 crore.