TCS Dividend 2024: Shares trade ex-date today for 1000% payout - Check Details

TCS Dividend 2024: Shares of IT bellwether Tata Consultancy Services (TCS) are in focus as they are trading ex-date today i.e. July 19. The ex-date or ex-dividend helps the company determine whether the shareholder will be entitled to get the benefits of the corporate action. 

TCS Dividend 2024 Amount

TCS, India's largest IT firm, has announced an interim dividend of Rs 10 or 1000 per cent per equity share with a face value of Re 1 each. 

TCS Dividend 2024: Record Date

The company said it had fixed July 20 as the record date to identify the eligibility of shareholders for this corporate action.

TCS Dividend 2024: Payment Date

TCS said that eligible shareholders will be paid the interim dividend on August 5, 2024.

"The interim dividend shall be paid on Monday, August 5, 2024, 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 of Saturday, July 20, 2024, which is the Record Date, fixed for the purpose," the company said in an exchange filing. 

TCS Dividend History

Earlier, the company announced a final dividend of Rs 28. 

Meanwhile, equity benchmark indices hit their new record high levels in early trade on Friday but failed to hold on to the gains and were later trading lower tracking weak trends from global markets.

The 30-share BSE Sensex hit its new all-time high of 81,587.76 in the initial trade but failed to carry forward the winning momentum and declined 166.93 points to 81,176.53.

The NSE Nifty also dropped 73.1 points to 24,727.75 after hitting its fresh record peak of 24,854.80 during the opening bell.

Among the Sensex pack, Tech Mahindra, UltraTech Cement, Tata Steel, JSW Steel, Sun Pharma and Power Grid were the biggest laggards.