NEW DELHI: India’s largest IT services exporter or today announced dividends worth Rs 75 per share, which includes both interim and special dividends.
“We would like to inform you that at the Board Meeting held today, the Directors have declared a third interim dividend of ₹8 and a special dividend of ₹67 per Equity Share of ₹1 each of the Company,” TCS said in a BSE filing today.
Both the dividends would be paid on February 3 to equity shareholders of the company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, January 17, 2023, which is the record date fixed for the purpose.
The IT company has declared 77 dividends since October 28, 2004. In the past 12 months, it has declared an equity dividend amounting to Rs 45 per share, shows Trendlyne data. Earlier in July and October, the company had paid two interim dividends of Rs 8 per share each.
The announcement of today’s dividend was done along with the release of December quarter results in which TCS reported a 5.3% sequential rise in consolidated revenue at Rs 58,229 crore. The net profit rose nearly 4% on quarter to Rs 10,846 crore, but was lower than the expected Rs 11,200 crore.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
