TCS, a well-known IT company, has announced some exciting news for its shareholders. The company’s board has decided to give out a third payment called an interim dividend of Rs 10 for each share, plus a special additional payment of Rs 66 per share. Shareholders will receive this money on February 3, and to get it, you must own the shares by January 17.
This announcement came along with TCS’s third quarter results, where they reported a 12% increase in profits, amounting to Rs 12,380 crore. Their revenue also rose by 6% compared to the previous year, reaching Rs 63,973 crore.
It’s important to know that TCS shares will trade without this dividend value on the record date, January 17, or one day before. This means that if someone buys the shares on or after this date, they won’t receive the dividend. So, if you want to get this payment, make sure you own the shares before January 17.
This is the third dividend TCS has announced this year. They also paid Rs 10 per share in June and September. In total, TCS has given out Rs 75 per share in dividends over the last year. With the current share price, this gives a dividend yield of about 1.86%. More news will come soon!
Leave a Reply