TCS Likely To Reward Shareholders Soon, Record Date Fixed On Jan 19, Check Complete Details Here

TCS Dividend announcement: Shares of Tata Consultancy Services (TCS) will trade ex-dividend on January 19, 2024. TCS shares have been on investors' radar recently after the IT giant announced last week that the company's board of directors will consider the announcement of a third interim dividend in a meeting scheduled for January 11. Before this, the company had paid an interim dividend of Rs 9.

On Friday, the share price of TCS closed 1.93% higher at Rs 3737.75 per share. The stock saw a spurt in trading Volume by more than 2.64 times. At this price, TCS has a market capitalization of Rs 13,67,661.93 crore.

In an exchange filing on December 29, 2023, the company said that a meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Thursday, January 11, 2024, inter alia to consider the declaration of a third interim dividend to the equity shareholders, among other things.

According to Trendlyne data, Tata Consultancy Services Ltd. has declared 82 dividends since Oct. 28, 2004.
In the past 12 months, Tata Consultancy Services Ltd. has declared an equity dividend amounting to Rs 117.00 per share.

Tata Consultancy Services Ltd.'s dividend yield is 3.13%.

TCS Record Date:

The company 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 19, 2024, which is the Record Date fixed for the purpose."

In the January 11 meeting, the company will also 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.

Jefferies has maintained a hold call on the tech giant and has raised the target to Rs 4,000 from Rs 3,690.

TCS Share Price Target 2024

The brokerage firm JP Morgan has raised the share price target of the stock to Rs 3700 and assigned a neutral recommendation to the stock.

Meanwhile, another brokerage firm Citi has maintained 'Sell' rating but has raised the target to Rs 3,470.

TCS Third Quarter FY24 Results:

Tata Consultancy Services (TCS) is all set to kick off the corporate earnings season next week. The company will announce its results for the Third Quarter of FY 2024, ended December 31, on Thursday, January 11, 2024, after-market trading hours.

TCS Share price performance:

TCS shares have gained 12.57% in the last six months, while the returns from the stock have increased 12.91% in last one year. The last two years returns from shares of TCS have fallen 3.19%. In the last three years, TCS stock price has gained 20.87%.

TCS Dividend History:

Ex-Date	Dividend Amount
19 Jan 2024	-
19 Oct 2023	9.00
20 Jul 2023	9.00
15 Jun 2023	24.00
16 Jan 2023	67.00
16 Jan 2023	8.00
17 Oct 2022	8.00
14 Jul 2022	8.00
25 May 2022	22.00
19 Jan 2022	7.00