Tata Group IT Stock To Consider Interim Dividend Soon, Sets Record Date

Large cap Tata Group's IT Software sector company, Tata Consultancy Services Ltd on June 30, 2023 informed BSE that it will soon consider declaration of an interim dividend and fixed July 20, 2023 as the record date for the purpose. Tata Consultancy Services shares gave 5% return in last 3-months. TCS shares jumped 2.67% intraday on June 30, 2023 on BSE. Check details below:

Tata Consultancy Services Sets Record Date For Dividend: According to the BSE filing of the company, "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 Wednesday, July 12, 2023, 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 ending June 30, 2023;

ii. approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the quarter ending June 30, 2023; and

iii. consider declaration of an interim dividend to the equity shareholders.
The 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 Thursday, July 20, 2023, which is the Record Date fixed for the purpose."

TCS Stock Outlook & Return: Last trading price of TCS share is Rs 3300.50 per share on BSE. Its 52-week high price is Rs 3575.00 per share and 52-week low price is Rs 2926.00 per share, respectively. The company has a market capitalisation of Rs 12,07,669.91 crore. In last 1-year, TCS shares offered 1.08% return, fell 1.34% in last 2-years, and offered 59% return in last 3-years. The shares rallied 78% in last 5-years. The stock offered return of 334% in last 10 years.

TCS About: Tata Consultancy Services is an IT services, consulting, and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology, and engineering services and solutions. 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, according to its official website.

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