Tata Stock Announces Rs 67 Per Share Special Dividend, Rs 8 Per Share Interim Dividend

Large cap Tata group stock, Tata Consultancy Services Ltd today declared an interim dividend of ₹8 and a special dividend of ₹67 per Equity Share of ₹1 each. The company has already announced the record date as January 17, 2023 to pay the dividend. The stock rallied intraday by 3.35% to end at Rs 3319 apiece. Check details below:

1. TCS Declares Rs 67 Per Share Special Dividend, Rs 8 Per Share Interim Dividend

According to the regulatory filing, "We would like to inform you that at the Board Meeting held today, the Directors have declared a third interim dividend of ₹8 and a special dividend of ₹67 per Equity Share of ₹1 each of the Company. The third interim dividend and the special dividend shall be paid on Friday, February 3, 2023, 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 Tuesday, January 17, 2023, which is the Record Date fixed for the purpose."

2. TCS Stock Performance

The last trading price of the stock is Rs 3319 apiece with intraday gain of 3.35%. The stock's 52-week high is Rs 4045 apiece and 52-week low is Rs 2926 apiece, respectively.

3. TCS Return

The stock has given maximum 145% return in last 5-years, 49% return in last 3-years, and declined 13% in last 1-year. In last 3-months, the stock has surged 8%.

4. About TCS

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses for the past 50 years. 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.

The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India, according to its official website.

Disclaimer

The stock gives details about special dividend and interim dividend. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.