Tcs dividend 2023

The record date for the two dividends is January 17. The dividends would be paid to those shareholders, whose names will 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.  The two dividends will be paid to eligible shareholders on February 3.  Data available with corporate database AceEquity suggests TCS' dividend yield stood at 1.27 per cent as of Friday's close, which was lower than Wipro's 1.52 per cent dividend yield. It was also lower than Tech Mahindra's 4.49 per cent, HCL Technologies' 3.90 per cent and Infosys' 2.06 per cent yield. TCS announced a total dividend of Rs 43 per share (yield 1.15 per cent) for FY22, totalling Rs 7,686 crore. Wipro announced Rs 6 per share in dividend for FY22, with dividend amount standing at Rs 3,289 crore as per AceEquity. Its dividend yield stood at 1.01 per cent. Infosys' Rs 31 per share (yield 1.63 per cent), totalling Rs 6,309 crore, as per AceEquity. HCL Tech paid a total of Rs 42 per share dividend (yield at 3.61 per cent) for the year, which amounted to Rs 11,391 crore. In FY21, TCS announced a total dividend of Rs 38 per share; it declared a total dividend of Rs 73 per share in FY20, Rs 30 per share in FY19, Rs 50 per share in FY18, Rs 47 per share in FY17 and Rs 43.50 per share in FY16. Meanwhile, peer HCL Technologies last week announced an interim dividend of Rs 10 per share for FY23, which the IT major said was its 80th (20 years) ...

TCS dividend 2023: Check record date, ex-date and payment date | TCS Q3 Results TCS Dividend 2023, Ex Date, Record Date, Payment date: The company while releasing its Q3 results on Monday, January 9, said that the board has approved third interim dividend and a special dividend for current fiscal. • • • • • TCS Dividend 2023, Ex Date, Record Date, Payment date: India's largest IT services company, Tata Consultancy Services, has announced to pay an interim dividend and a special interim to its shareholders. The company while releasing its Q3 results on Monday, January 9, said that the board has approved third interim dividend and a special dividend, aggregating to Rs 75 per equity share for current fiscal. TCS Dividend Amount TCS in an exchange filing said that it will pay an interim dividend of Rs 8 to its investors and a special dividend of Rs 67 for each share having face value of Re 1. "We would like to inform you that at the Board Meeting held today, the Directors have declared a third interim dividend of Rs 8 and a special dividend of Rs 67 per Equity Share of Re 1 each of the company," the company's filing said. According to information available on BSE website, TCS shares will trade ex-date on January 16. The record date for determining the eligibility of shareholders for the payment of Rs 75 dividend amount is January 17, 2023. "The third interim dividend and the special dividend shall be paid on Friday, February 3, 2023, to the equity shareholders of the Company, ...

Tata Consultancy Services (TCS), a global leader in IT services and consulting, has announced an exciting opportunity for investors. TCS has declared a dividend of 24 per share, boasting a face value of 1. With the current market price of TCS shares at 3243, this dividend declaration presents an attractive prospect for shareholders. In this blog post, we will delve into the details of this dividend announcement, including the record date and payment date, and explore the potential benefits for investors. Understanding TCS Dividend:Dividends are a portion of a company's profits distributed to its shareholders. In the case of TCS, the company has declared a dividend of 24 per share. This means that for every share held by an investor, they will receive a dividend of 24. Considering the face value of 1, this represents a significant return on investment. Record Date and Payment Date: The record date, set for 15-06-2023, is an important date to keep in mind for eligible shareholders. It signifies the cut-off date to determine which shareholders are entitled to receive the dividend. Investors who hold TCS shares on or before the record date will qualify to receive the dividend. On the other hand, the payment date, scheduled for 03-07-2023, is when the dividend will be actually disbursed to eligible shareholders. It is crucial to understand these dates to ensure you do not miss out on the dividend opportunity. Profit Potential and Market Price:TCS shares currently hold a market ...

TCS will pay the third interim dividend and the special dividend next month on February 3 to its equity shareholders whose names appear on the company’s register of members or in the records of the depositories as beneficial owners of the shares as on January 17, 2023, which is the record date fixed for the purpose. India’s largest IT firm by revenue, TCS, announced the interim and special dividend after it reported a consolidated net profit of Rs 10,846 crore, 11 per cent jump YoY, for the December 2022 quarter. The company’s operating margin during October-December 2022 stood at 24.5 per cent, a contraction of 50 basis points. Any dividend income earned in taxable as per the Indian Income Tax Act, 1961. Dividend paid and distributed by a company is taxable in the hands of shareholders. Thus, companies paying dividend are required to withhold tax at the applicable tax rates for Resident shareholder at 10 per cent if the aggregate amount of dividend distributed or paid during the financial year to a shareholder exceeds Rs 5,000.

IT giant Tata Consultancy Services (TCS), announced a final dividend for FY23 of Rs 24 per equity share. TCS paid out three interim dividends to shareholders in FY23 prior to the final payout. The most recent dividends were a special dividend of Rs 67 per share and an interim dividend of Rs 8 per share, both of which were paid in January 2023. At Rs 8 per equity share, the first interim dividend was paid in July 2022. In October of previous year, a dividend of Rs 8 per share dividend was declared as the second interim. When accounting for the three interim dividends, the corporation paid an equity dividend totaling 9,100% in FY23, or Rs 91 per share. TCS paid a total dividend of 4300% in FY22 independently amounting to Rs 43 per equity share. TCS said that in FY23, dividend payments to shareholders were over Rs 45,602 crore. On account of the final dividend of FY23, TCS said in a stock exchange filing that "the Directors have recommended a Final Dividend of Rs 24 per Equity Share of Rs 1 each of the Company which shall be paid/dispatched on the fourth day from the conclusion of the 28th Annual General Meeting, subject to approval of the shareholders of the Company." In order to determine the eligibility of the shareholders for the purpose of payment of above final dividend, TCS said "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and the Share Transfer Books of the Company will be closed as...

As the company traded ex-dividend on Monday, January 16, TCS's share price fell 2% in early morning dealings. The largest IT business in India saw its shares trade at Rs 3304 a share at 9:25 AM, down Rs 70 or 2.06%. A stock trades without the benefit of a dividend or any other company action on the ex-date.Check TCS share price NSE, record date, payment date, dividend history and everything you need to know. Also know about the Q3 results, target 2023 and share price history. TCS Dividend Per Share TCS announced a special dividend of Rs 67 per equity share of Re 1 and a third interim dividend of Rs 8 along with its Q3FY23 results. It indicates that TCS would give its stockholders a dividend of Rs. 75. The company in an exchange filing earlier said that they would like to inform everyone that at the Board Meeting the directors have declared a third interim dividend of Rs 8 and a special dividend of Rs 67 per Equity Share of Re 1 each of the company. TCS Dividend Record Date 2023 For the payment of the interim dividend and special dividend, TCS has established a fixed record date. The record date for assessing a shareholder's eligibility for the payment of Rs 75 in dividends is January 17, 2023, according to data on the BSE website. The company in its exchange filing said that 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...

Synopsis Earlier for the ongoing financial year, the company had announced a first interim dividend of Rs 8 per share. At the current share price, the dividend yield considering the two dividends announced so far for FY 2023 comes to be 0.5%. Software major for the September 2022 quarter reported an 18% YoY growth in revenue at Rs 55,309 crore, while the net profit increased 8.4% YoY to Rs 10,341 crore. The company added that the second interim dividend shall be paid on November 7, 2022. “The second interim dividend shall be paid on Monday, November 7, 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 Tuesday, October 18, 2022, which is the record date fixed for the purpose,” TCS said. • 862.50 04:02 PM | 14 Jun 2023 42.60 (5.20%) 1,779.35 04:02 PM | 14 Jun 2023 41.40 (2.38%) 113.80 04:02 PM | 14 Jun 2023 2.65 (2.38%) 772.85 04:02 PM | 14 Jun 2023 16.20 (2.14%) • 7,096.85 04:02 PM | 14 Jun 2023 -69.90 (-0.98%) 1,323.25 03:59 PM | 14 Jun 2023 -13.00 (-0.97%) 977.70 04:02 PM | 14 Jun 2023 -8.15 (-0.83%) 827.95 04:02 PM | 14 Jun 2023 -6.40 (-0.77%)