Tata Consultancy Services Ltd (TCS), a well known information technology company have announced 700% interim dividend on 12th of October 2017 during the quarterly results, for which the record date has been set as 26-Oct-2017 and payment date is scheduled on 01-Nov-17.
As an outcome of board meeting held on 12-Oct-2017, board directors of TCS has declared a dividend Rs. 7.00 per equity share of Rs. 1 each of the company.
On 12-Oct-2017, TCS have set the record date as 26-Oct-2017 and the ex-date of the dividend falls on 25-Oct-17.
TCS share dividend History:
Right from the issue, TCS has announced dividends during all the quarter ends. It has also announced some special dividends to encourage and make their investors happy. The recent interim dividend was announced during the end of first quarter 2017-2018.
TCS, headquartered in Mumbai, Maharashtra is one of the top Indian multinational IT services company provides business solutions, IT services and consultant services across the world.
TCS Last Quarter results highlights:
For the second quarter of 2017-18, the company reported net profit of Rs. 5,746 crore which is 13.8% low comparing to the previous quarter.
Investors who are willing to receive the dividend shares should buy it before 25-Oct-2017. Investors will be getting Rs. 7 for every one share held before 25-Oct-2017. Shares purchased on or after the ex-date 25-Oct-17 are not eligible for receiving this dividend.
TCS have moved up 1.42% since the announcement of interim dividend.
TCS price on 12-Oct-2017 is 2,548.20 and on 16-Oct-2017 it is trading at 2,584.40 in NSE.