TCS Shareholders Alert: TCS Shares To Trade Ex-Dividend This Week; Check Date And Other Details Here

Shares of the country's second most valuable firm Tata Consultancy Services (TCS) traded at a new 52-week high value of 3965.00 on Monday (January 15, 2024). TCS shares remained on investors' watchlist today as the Tata group firm will soon reward its shareholders in the form of dividend payments. At 12:10 pm IST, TCS shares were up 0.57% at Rs 3903.70 per share. Last week, the giant giant reported its financial results for the third quarter that ended December 31, 2023. In its Q3FY24 results, the company announced a third interim dividend of Rs 9 and a special dividend of Rs 18 per equity share of face value Rs 1 each for the financial year ending March 2024. Thus, TCS Shares will trade ex-dividend on January 19. Notably, In percentage terms, the dividend payouts by Tata Consultancy Services Ltd are 900% and 1800% respectively. According to the company, the third interim dividend and the special dividend shall be paid to the equity shareholders of the Company on Monday, February 5, 2024.

In total, TCS is paying a hefty 2700% dividend valuing Rs 27 per share.

TCS Dividend Payment Date And Record Date:

The third interim dividend and the special dividend shall be paid be eligible TCS shareholders on February 5, 2024.

In an exchange filing on January 11, 2024, the company said, "We would like to inform you that at the Board Meeting held today, the Directors have declared a third interim dividend of ₹9 and a special dividend of ₹18 per Equity Share of ₹1 each of the Company. The third interim dividend and the special dividend shall be paid on Monday, February 5, 2024, 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."

TCS Q2FY24 Results:

In the third quarter, TCS posted a consolidated net profit of Rs 11,058 crore, up 2% year-on-year but down by 2.5% quarter-on-quarter. The company's consolidated revenue rose by 4.04% YoY and 1.49% QoQ at Rs 60,583 crore. In constant currency, TCS revenue growth stood at 4% YoY. The firm's EBIT margin expanded by 50 bps to 25% in the quarter.

TCS share price performance:

The last six months and three months' performance of TCS shares is up 11%, and 9.19% respectively. In the last one year, returns from TCS shares have increased 15.53%. In the last three years, the returns from the stock have gained 20.56.

TCS dividend history

Tata Consultancy Services Ltd. has declared 83 dividends since Oct. 28, 2004.

According to Trendlyne data, in the past 12 months, Tata Consultancy Services Ltd. has declared an equity dividend amounting to Rs 117.00 per share.

At today's intraday share price of Rs 3900.00, Tata Consultancy Services Ltd.'s dividend yield is 3.00%.

Ex-Date	Dividend Amount	Dividend Type	Record Date
19 Jan 2024	18	SPECIAL	19 Jan 2024
19 Jan 2024	9	INTERIM	19 Jan 2024
19 Oct 2023	9	INTERIM	19 Oct 2023
20 Jul 2023	9	INTERIM	20 Jul 2023
15 Jun 2023	24	FINAL	15 Jun 2023
16 Jan 2023	67	SPECIAL	17 Jan 2023
16 Jan 2023	8	INTERIM	17 Jan 2023
17 Oct 2022	8	INTERIM	18 Oct 2022
14 Jul 2022	8	INTERIM	16 Jul 2022
25 May 2022	22	FINAL	26 May 2022
19 Jan 2022	7	INTERIM	20 Jan 2022
14 Oct 2021	7	INTERIM	19 Oct 2021
15 Jul 2021	7	INTERIM	16 Jul 2021
25 May 2021	15	FINAL	27 May 2021
14 Jan 2021	6	INTERIM	16 Jan 2021