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TCS Declares Interim Dividend of Rs 8 Per Equity Share; Know More

Last Updated: July 08, 2022, 18:10 IST

TCS Q1 Results: The company's earnings per share also increased to Rs 25.9 in the June 2022 quarter, from Rs 24.35 a year ago

TCS Q1 Results: The company’s earnings per share also increased to Rs 25.9 in the June 2022 quarter, from Rs 24.35 a year ago

TCS has fixed the record date for interim dividend purpose as July 16 and the payment date as August 3

TCS Q1 Results: India’s largest IT services company Tata Consultancy Services (TCS) on Friday declared an interim dividend of Rs 8 per equity share. The company has fixed the record date for this as July 16 and the payment date as August 3.

“We would like to inform you that at the board meeting held today (on Friday), the directors have declared an interim dividend of Rs 8 per equity share of Rs 1 each of the company,” TCS said in a BSE filing. The company also said its earnings per share also increased to Rs 25.9 in the June 2022 quarter, from Rs 24.35 a year ago.

The interim dividend will be paid to the equity shareholders 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 July 16, which is the record date fixed for the purpose, TCS has said in a communication.

The company had returned Rs 31,424 crore worth of cash to shareholders through buybacks and dividends in the financial year 2021-22. And, in the previous quarter, January-March 2022, TCS had announced a final dividend of Rs 22 per share.

TCS’ shares on Friday fell Rs 22.10, or 0.67 per cent, to close at Rs 3,264.85 apiece on the BSE.

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