TCS Dividend: Board recommends final dividend of ₹28/equity share; check details

Follow TCS Q4 Results Live Updates: Net profit rises 9% to ₹12,240 crore, revenue at ₹61,237 crore

‘’At the board meeting held today, the directors have recommended a final dividend of ₹28 per equity share of Re 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,” said TCS in a regulatory filing to the stock exchanges.

TCS dividend history

TCS has declared 83 dividends since October 28, 2004. In the past 12 months,  the IT major has declared an equity dividend amounting to ₹69.00 per share. At the current share price of ₹4,000.3 apiece on the BSE, TCS’s dividend yield is around 1.77 per cent. TCS shares last traded ex-dividend on January 19, 2024. A special dividend of ₹18 per equity share and an interim dividend of ₹9 per share were declared and the record date for the purpose was set as January 19.

TCS Q4 Results

TCS on Friday reported a 9.1 per cent growth in its March quarter net profit at ₹12,240 crore, compared to ₹11,392 crore in the corresponding period last year. For the entire fiscal year 2023-24, the IT major’s net profit grew nine per cent to ₹45,908 crore. TCS’s revenue from operations during the March quarter came in at ₹61,237 crore reporting a 3.5 per cent jump year-on-year (YoY).

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Published: 12 Apr 2024, 03:56 PM IST