TCS Declares Rs 8 Interim Dividend, Rs 67 Special Dividend; Record, Payment Date, Key Details

Tata Consultancy Services (TCS), India’s largest IT services company, on Monday announced a third interim dividend of Rs 8 and a special dividend of Rs 67 per equity share of Rs 1 each. In the last quarter ended September 2022, the company had declared its second interim dividend of Rs 8 per equity share.

“We would like to inform you that at the board meeting held today (Monday, January 9), the directors have declared a third interim dividend of Rs 8 and a special dividend of Rs 67 per equity share of Rs 1 each of the company,” TCS said on Monday in a BSE filing.

The third interim dividend and the special dividend shall be paid on February 3 to the equity shareholders of TCS whose names appear on the company’s register of members 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, according to the BSE filing.

Companies declare interim dividend payouts for shareholders, based on their earnings, every quarter; final dividends at the year-end; and an occasional special dividend.

For the December 2022 quarter, TCS has reported a consolidated net profit of Rs 10,846 crore, a jump of 11 per cent on a year-on-year basis. During October-December 2022, TCS’ revenue rose 19.1 per cent year-on-year to Rs 58,229 crore.

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