TCS will pay a dividend of Rs 22 per equity share
Highlight
- Dividend amount will be credited to TCS shareholders’ bank account by June 13
- TCS share price has seen a sharp decline in the past few sessions on weak global cues
- Tata Consultancy Services is the largest IT services company in the country
TCS Dividend, TCS Dividend Record Date 2022: Tata Consultancy Services (TCS) has announced to pay Rs 22 as dividend of Re 1 per share. According to an exchange filing by the IT giant, the record date for determining the eligibility of shareholders for the dividend will be May 26.
Accordingly, the shares of TCS became ex-dividend on May 25. TCS said that the dividend amount of Rs 22 will be deposited in the bank account of its shareholders by June 13.
The share price of TCS has seen a sharp decline in the last few sessions as supply side pressure on weak global cues weighed on IT stocks.
The country’s largest IT services company Tata Consultancy Services in April posted a consolidated net profit of Rs 9,926 crore for the fourth quarter of FY 2021-22, a 7 per cent increase from Rs 9,246 crore a year ago.
TCS also crossed the Rs 50,000 crore revenue mark for the first time after registering a 7.4 per cent year-on-year growth in net profit.
The market’s heavyweight stock TCS opened on the NSE on Wednesday at Rs 3,292.85. It was trading at Rs 3,224 at 9:40 am. The share of TCS was trading at Rs 3,224 on the BSE.