Multibagger Tata Group Stock Declares Interim Dividend Of Rs 8 Per Equity Share: Check Record Date

Tata Consultancy Services (TCS), a leading IT Services, consulting, and business solutions organization and an integral part of Tata Group, has announced interim dividend today. TCS also announced its Q1 results today. Find the details below:

1. TCS Announces Rs 8/Equity Share Interim Dividend

The leading IT service company are set to pay an interim dividend of Rs 8 per equity share to its shareholders. In its BSE filing the company's board of directors said, "We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of ~8 per Equity Share of ~1 each of the Company." The interim dividend shall be paid on Wednesday, August 3, 2022, 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 Saturday, July 16, 2022, which is the Record Date fixed for the purpose.

The record date is July 16, 2022.

TCS Results

It declared an 5% surge in its net profit at Rs 9,478 crore for the first quarter of the current fiscal as compared to Rs 9008 crore reported in the same quarter last year. The profit has dipped by 4.5%. Meanwhile, its revenue from operations for Q1FY 2023 reported at Rs 52,758 crore, rose 16% from Rs 45,411 crore YoY. Operating margin for quarter recorded at 23.1% down from 25.5% announced a year ago as a result of impact of salary rise, higher cost of managing the talent churn etc.

3. TCS Dividend History

It has announced an equity dividend of 4300% or Rs 43 per share for the year ending March 2022. It has a dividend yield of 1.32% considering the current share price of Rs 3265 apiece. It has a solid dividend track record and the company announced dividend for the last 5 years.

4. TCS Stock Outlook

The current market price of TCS is Rs 3265 apiece. It has touched a 52-week high of Rs 4043 apiece and a 52-week low of Rs 3023 apiece. Its PE is 31.17 and sector PE is 28.39. The market capitalization is Rs 1,194,844 crore.

Multibagger returns: The stock has given multibagger returns in the last 5 years with 168% returns.