tcs dividend: TCS announces interim dividend of Rs 10 per share, fixes record date

IT services company Tata Consultancy Services (TCS) on Thursday declared an interim dividend of Rs 10 per share for the financial year 2024-25.

The company has fixed July 20 as the record date for determining the eligibility of shareholders for the purpose of said dividend and the same will be paid out on August 5.

Shares of TCS will trade ex-dividend on the day or a day before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment.

The dividend was announced along with its first quarter results, where the IT bellwether company reported 8% year-on-year growth in its consolidated net profit at Rs 12,105 crore.