TCS announces second interim dividend of Rs8 per share

11 Oct 2022 , 09:52 AM

Tata Consultancy Services (TCS) on Monday announced a second interim dividend of Rs8 per share.

When releasing its quarterly results, TCS noted in an exchange statement, “We would like to tell you that at the Board Meeting held today, the Directors have announced a second interim dividend of Rs8 per equity share of Rs1 each of the firm.”

The company will pay the second interim dividend on November 7, 2022.

The dividend shall be paid only to eligible shareholders holding the shares of TCS as of the record date, i.e., October 18, 2022.

The company previously declared a first interim dividend of Rs8 per share for the current fiscal year. Given the two payouts that have been announced so far for FY 2023, the dividend yield at the present share price equals 0.5%.

At around 9.56 AM, TCS was trading at Rs3,090 per piece, down by 1% from its previous closing of Rs3,121.20 on the BSE. The scrip opened at Rs3,100 and touched intraday high and low of Rs3,144.55 and Rs3,083.90 respectively.

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