Business / TCS announced dividend of 75 rupees know record date

Zoom News : Jan 16, 2023, 12:52 PM
Share Market: There are many shares listed in the share market. Movement is also seen in these shares on the trading day. Meanwhile, a company has given a gift to its investors. Actually, the IT company has announced a dividend of Rs 75 for its investors. In such a situation, the shareholders of the company are going to get a dividend of Rs 75 per share. At the same time, this announcement has been made by Tata Consultancy Services (TCS). Shares of IT company TCS are trading today under ex-Dividend. TCS has declared an interim dividend of Rs 8 per share and a special dividend of Rs 67 per share. In such a situation, a total dividend of Rs 75 will be given to the shareholders by the company.

TCS

At the same time, TCS has kept the record date for both the dividends on January 17. The dividend will be paid to those shareholders whose names appear in the register of members of the company or in the records of the depositories as beneficial owners of the shares as on Tuesday. On the other hand, all the eligible shareholders will be paid dividend on 3 February.

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Let us tell you that TCS had registered excellent profits in the third quarter. For the December quarter, TCS reported an 11 percent year-on-year (YoY) profit jump of Rs 10,846 crore as compared to Rs 9,769 crore in the same quarter last year. Talking about the share price of TCS, on January 16, 2023, at 12 noon, the TCS share was trading at Rs.3345. On the other hand, TCS's 52 week high price on NSE is Rs 4043 and its 52 week low price is Rs 2926.10.

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And data available with corporate database AceEquity shows that TCS's dividend yield at Friday's close was 1.27 per cent, lower than Wipro's dividend yield of 1.52 per cent. This was lower than Tech Mahindra's 4.49 per cent, HCL Technologies' 3.90 per cent and Infosys' 2.06 per cent yield.

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