TCS dividend 2024: IT major announces Rs 28/share payout

TCS dividend 2024, TCS dividend announcement: IT bellwether Tata Consultancy Services' (TCS) on Friday, April 12, announced a final dividend of Rs 28 per equity share of face value of Re 1 for the financial year ending March 31, 2024, along with its financial results for the fourth and final quarter of the financial year 2023-24, kickstarting the Q4 earnings season. 

India's largest IT firm's regulatory filing said, "We would like to inform you that at the Board Meeting held today, the Directors have recommended a Final Dividend of ₹28 per Equity Share of ₹1 each of the Company which shall be paid/dispatched on the fourth day from the conclusion of the 29th Annual General Meeting, subject to approval of the shareholders of the Company."

Notably, the final dividend is subject to the approval of the shareholders of the company at the IT firm's 29th Annual General Meeting (AGM).

TCS dividend 2024 record date, TCS dividend 2024 payment date

The firm is yet to inform the bourse about the record date as well as the payment date. 

TCS Q4 results

TCS released its Q4 numbers with consolidated profitability inching higher to Rs 12434 crore from Rs 11,058 crore in the previous quarter. The consolidated revenue at the IT major gained from Rs 60583 crore in the December ended quarter to Rs 61,237 crore. The Earnings Before Interest and Taxes (EBIT) at the behemoth also logged a growth to Rs 15,918 crore. The order book at the company increased to $USD 1320 crore, gaining 63 per cent sequentially. Read more 

TCS dividend history 

Excluding the final dividend announced today, TCS has declared 83 dividends since October 28, 2004, as per research portal Trendlyne. TCS has declared an equity dividend amounting to Rs 69 per share in the past 12 months. At the current levels, the dividend yield of TCS stands at 1.73 per cent. 

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