Tata Consultancy Services (TCS) has declared a second interim dividend of Rs 10 per share for eligible shareholders, setting October 18 as the record date for this dividend. Shareholders listed in the company’s records as of this date will be entitled to receive the payout.
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Payment Schedule
The dividend is scheduled to be disbursed on November 5, 2024. Equity shareholders whose names are on the Register of Members or recorded in the Depositories as beneficial owners of shares by October 18 will qualify for the dividend.
TCS Dividend History
Over the past year, TCS has declared a total equity dividend of Rs 84 per share. With the current share price at Rs 4,116.85, this results in a dividend yield of 2.04%, reflecting the company’s commitment to returning value to its shareholders.
Financial Performance
For the second quarter ending September 2024, TCS reported a 5% year-on-year increase in consolidated net profit, totaling Rs 11,909 crore, up from Rs 11,342 crore in the same quarter last year.
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TCS Revenue Growth
The company’s revenue from operations also saw an 8% increase year-on-year, reaching Rs 64,259 crore. TCS shares were trading flat at Rs 4,112 on the Bombay Stock Exchange around 11 AM today.