TCS Sets October 18 as Record Date for ₹10 Dividend

18 Oct 2024 , 10:10 AM

Tata Consultancy Services (TCS) has set October 18, 2024 as the record date to determine the eligibility of shareholders for its upcoming dividend payout.

The dividend payout is scheduled for November 5, 2024. On October 10, 2024, TCS declared a second interim dividend of ₹10 per share for the 2024-25 financial year. This announcement was made alongside the company’s second-quarter financial results.

For the July-September 2024 quarter, TCS reported:

• Net profit of ₹11,909 Crore.
• Revenue of ₹64,259 Crore.

TCS has maintained a consistent track record of rewarding its shareholders with regular dividends. The company remains one of India’s top IT firms, recognized for its strong performance and commitment to shareholder value.

Investors are advised to ensure their eligibility by holding TCS shares before the record date to benefit from the dividend distribution.

This dividend aligns with TCS’s policy of sharing its profits with its shareholders, further strengthening investor confidence in the company’s growth trajectory.