TCS share price edged lower in early morning deals on Thursday, which is record date for final dividend announced by the board of directors of the company. In early morning session of TCS dividend record date, TCS share price was quoting around ₹3,230 apiece levels, near 0.50 per cent lower from its Wednesday close on NSE.
Tata Consultancy Services Ltd stocks will be in focus today as the Tata group stock is one of the dividend stocks that is going to trade ex-dividend today. TCS board has declared final dividend of ₹24 per share. The board of directors of the company has fixed record date for final dividend on 15th June 2023 as well.
TCS dividend 2023
TCS informed Indian stock market bourses about the dividend payment citing, “We would like to inform you that at the Board Meeting held today, the Directors have recommended a Final Dividend of ₹24 per Equity Share of Re 1 each of the Company which shall be paid/dispatched on the fourth day from the conclusion of the 28th Annual General Meeting, subject to approval of the shareholders of the Company.”
TCS dividend date
On TCS dividend record date, the IT major said, “Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Thursday, June 15, 2023 as the Record Date for determining entitlement of Members to final dividend for the financial year ended March 31, 2023.”
TCS dividend history
TCS shares are one of the dividend stocks on Dalal Street. Earlier, TCS stocks traded ex-dividend on 16th January 2023 for payment of interim dividend of ₹8 per share and special dividend of ₹67 per share. In FY23, TCS shares traded ex-dividend on three more occasions. It traded ex-dividend on 17th October 2022 for payment of ₹8 per share dividend. On 14th July 2022, TCS shares traded ex-dividend for payment of ₹8 per share dividend whereas on 25th May 2022, the Indian IT major traded ex-dividend for ₹22 per share dividend.
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Updated: 15 Jun 2023, 09:35 AM IST