TCS Vs Infosys: Dividend History And Upcoming Rewards, Which IT Giant Is Better?

India's two largest IT companies have announced their Q4 results for FY24. And both of them have exceeded expectations in terms of profitability despite the challenging macro conditions of the section. TCS has performed better in revenue terms compared to Infosys which posted a decline. But amidst this, both the giants have declared hefty rewards for investors in the form of dividends.

TCS Dividend:

TCS has recommended a final dividend of Rs 28 per share having a face value of Rs 1 each which shall be paid/dispatched on the fourth day from the conclusion of the 29th Annual General Meeting, subject to the approval of the shareholders of the company.

Earlier, TCS paid a whopping 4,500% dividend aggregating to Rs 45 per share for FY24 in a series of interims. The first interim and second interim dividends were Rs 9 per share for which TCS turned ex-dividend in June and September 2023. TCS also paid a third interim dividend of Rs 9 per share along with a special dividend of Rs 18 per share for which it turned ex-dividend in January 2024.

Infosys Dividend:

Infosys is the latest to recommend final dividend. The company has declared a final dividend of Rs 20/- per equity share for the financial year ended March 31, 2024, and additionally a special dividend of Rs 8/- per equity share.

The record date for the Annual General Meeting and payment of final dividend and special dividend is May 31, 2024. The dividend will be paid on July 1, 2024.

Earlier for FY24, the company paid an interim dividend of 360% amounting to Rs 18 per share.