tcs q3 dividend: TCS declares interim dividend of Rs 9 and special dividend of Rs 18. Set the recording date
“The board of directors has announced a third interim dividend of ₹9, a special dividend of ₹1 per share and a special dividend of ₹1 per share,” TCS said in a filing.
The company has set January 19 as the record date for determining shareholders’ eligibility for the proposed dividend.
The third interim dividend and special dividend are scheduled to be paid to eligible shareholders on February 5.
Shares of TCS are likely to trade ex-dividend on or before the record date. If a company goes ex-dividend on a certain date, the stock will not be worth the next dividend payment. The ex-dividend date also indicates which shareholders are eligible to receive dividends.
The Mumbai-based IT major reported a rise of around 2% in its consolidated net profit at Rs 11,058 crore. Meanwhile, revenue rose 4% to Rs 60,583 crore.
On a constant currency (CC) basis, sales increased 1.7% year over year. Growth during the quarter was led by the energy, resources and utilities sector, which grew 11.8%, and manufacturing, which grew 7%. The Life Sciences and Healthcare business grew 3.1% in the reported quarter.
The technology and services sector lagged with -5% growth, while the communications and media sector recorded growth of 4.9%. On the other hand, the BFSI segment recorded a negative growth of 3%.
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