TCS dividend 2024: Tata Consultancy Services shares to trade ex-dividend today

TCS dividend 2024, TCS dividend ex date 2024, Ex dividend stocks: Shares of Tata Consultancy Services (TCS) turned ex-dividend today, May 16. At 11:13 AM, the stock traded 0.79 higher at Rs 3,882.65 on NSE.

Last month the IT bellwether announced a final dividend of Rs 2 8 per equity share of face value of Re 1 for the financial year ending March 31, 2024.

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) scheduled to be held on Friday, May 31, 2024. 

TCS dividend 2024 record date

The IT firm has fixed Thursday, May 16, 2024, as the record date for determining entitlement of members to the final dividend.

TCS dividend 2024 payment date

If the final dividend is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be made on Tuesday, June 4, 2024.

TCS Q4 results: How did the IT firm fare in Q4?

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 

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 1.78 per cent. 

For all other news related to business, politics, tech and auto, visit Zeebiz.com.