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TCS Dividend Payment Date 2024: Check all the details here!

TCS Dividend Payment Date 2024:- The board of directors of Tata Consultancy Services Ltd (TCS) announced its second interim dividend in relation to financial reports on October 11, 2024. Each equity share will receive ₹9, with a maximum payout of ₹1. TCS declared a comparable interim dividend of ₹9 for each equity share valued at ₹1 following the announcement of its first quarter results in July 2024. The specified Thursday, October 19, 2024, has been designated as the TCS Dividend Payment Date 2024. The dividend will be distributed on Tuesday, November 7, 2024, to the company’s equity owners whose names are on the register of members, per a filing made by TCS.

The TCS Dividend Payment Date for 2024 is eagerly awaited by shareholders and investors. As one of the leading IT services and consulting companies, TCS has a strong track record of delivering value to its shareholders through regular dividend payments. The exact date for the dividend payment in 2024 has not been announced yet, but investors can check the company’s website or contact their financial advisors for the most up-to-date information. Dividends are an important component of total return for investors, providing a steady income stream and reflecting the company’s financial performance and commitment to shareholder value.

TCS Dividend Payment Date 2024

Investor attention had been predominantly focused on share buybacks and distribution, among other things, aside from the financial performance during the second quarter and the post-results discussion. By announcing a ₹9 interim dividend and a repurchase at ₹4150 per share, the company did not disappoint investors. On Wednesday, TCS’s shares were last traded on the Bombay Stock Exchange for ₹3609 rupees. Notably, in anticipation of Bonus and TCS Dividend Payment Date 2024, TCS shares had risen to a 52-week high of ₹3680 on October 10, 2024, on the BSE.

Members of the Tata group and the country’s largest provider of IT services, Tata Consultancy Services (TCS), paid a TCS Dividend Payment Date 2024 of Rs. 9 per equity share on Wednesday. This is the dividend payment of Rs. 1 face value multiplied by Rs. 9. The company released the following regulatory statement: We would like to notify you that, at the last Board Meeting, the Directors declared an interim dividend, meaning that each Equity Share of the Company is now valued at Rs. 9.

TCS Dividend Payment Date

TCS Dividend Payment Date 2024 Overview

Artical name TCS Dividend Payment Date 2024
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Payment date for TCS in 2024

Shareholders eagerly await the dividend payment date for TCS in 2024. This significant date signifies when eligible shareholders will receive their dividend payments, which are based on their ownership of TCS stocks. It serves as an important milestone that showcases the company’s financial performance and dedication to providing value to its shareholders. Shareholders are advised to stay updated on the specifics of the dividend, such as the record date, ex-dividend date, and payment amount, as the payment date draws near.

Prominent global IT services & consulting company

By staying informed about these details, shareholders can ensure they receive their dividends promptly and make well-informed investment decisions. TCS (Tata Consultancy Services) has made an announcement regarding the dividend payment date in 2024, which is generating excitement among investors. Being a prominent global IT services and consulting company, TCS has consistently delivered impressive financial results and regularly rewarded its shareholders with dividends.

Ever-changing technology industry

The dividend payment date holds significant importance for investors as it determines when they can expect to receive their portion of the company’s profits. To stay informed about all the details, investors can visit TCS’s official website or consult their financial advisors. TCS’s reputation for transparency and dependability makes it a preferred choice for investors seeking stable returns in the ever-changing technology industry. TCS (Tata Consultancy Services) is preparing to disclose the date on which it will distribute dividends for 2024, and investors are eagerly anticipating the particulars.

Largest IT services companies globally

Being one of the largest IT services companies globally, TCS has consistently exhibited strong financial performance and rewarded its shareholders with regular dividend payments. The dividend payment date holds significant importance for investors as it demonstrates the company’s dedication to sharing profits with shareholders. This event presents an opportunity for investors to receive a portion of the company’s earnings and potentially reinvest or allocate the funds according to their preferences.

TCS’s official website payment date signifies

Shareholders eagerly anticipate the TCS dividend payment date in 2024. TCS, being a prominent player in the IT industry, has a reputation for consistently delivering returns to its investors. The dividend payment date signifies when shareholders can anticipate receiving their portion of the company’s profits. This date holds significance for investors as it enables them to effectively manage their finances and make well-informed investment choices. Shareholders can access comprehensive information about the dividend payment date on TCS’s official website or by reaching out to their stockbroker.

No. 1 IT Company Tata Consultancy Services in India’s

Since Tata Consultancy Services is a division of Tata Sons Company, Tata Consultancy Services is a subordinate entity of Tata Sons. Its main firm, Tata Sons, is the umbrella organisation for numerous other Tata businesses. Nonetheless, Tata Consultancy Services owns around 70% of Tata Sons. That instance, whilst Tata Consultancy Services alone has a 70% share, the combined involvement of all the other Tata Sons enterprises that are not part of Tata Consultancy Services is only 30%. Tata Consultancy Services is Tata Sons’ most significant business in this sense.

IT technology-related work is completed under Tata Consultancy Services, which also performs consultancy services. Tata Consultancy Services is a software company, just like other software companies that we are aware of employ mostly software engineers. Here, thousands of applications, websites, and other things connected to the nation and beyond are used and their efforts are viewed.

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Tata Consultancy Services Ltd, Dividend history

TCS distributed a total of Rs 33,306 crore in dividends for FY23, with a dividend payout percentage of 3.59 percent. In FY22, Rs 7,686 crore was issued as dividend, in FY21, Rs 8,510 crore, and in FY20, Rs 25,125 crore. Compared to dividends of Rs 43 in FY22, Rs 38 in FY21, and Rs 72 in FY20, TCS paid a value-added dividend of Rs 115 per share in FY23.

Sector Software And Services
Industry IT Consulting And Services
Company Listed On NSE, BSE
NSE Script TCS
BSE Script 532540
Dividend Announced Date 29 September 2024
Dividend Record Date 19 October 2024
The dividend Will Be Paid on November 7, 2024
Dividend Type Interim

Previous to this, the largest IT business in terms of revenue reported a 16.83% YoY increase in net profit for the June quarter, reaching Rs 11,074 crore as opposed to Rs 9,478 crore during the same period last year. The pace of profit increase largely corresponded with the 15% to 20% predicted by analysts.

Following the close of the market, the dividend was declared. TCS’s stock finished the day at Rs 3,260.20 BSE, down 0.36%.

TCS Q1 results 2024

Tata Consultancy Services (TCS) reported a consolidated net profit of Rs 11,074 crore on July 12 for the quarter that ended on June 30, 2024 (Q1FY24). The earnings fell by 2.79 percent on a quarter-over-quarter (QoQ) basis, but it climbed by 16.8% year-over-year (YoY). Operating income of Rs 59,381 crore represented a YoY growth of 12.5%. Revenue grew by 0.37 percent sequentially.

The outcome surpassed the experts’ projections. Zed Business Research estimated the net profit to b Rs 10,900 crore, whereas Nirmal Bang Securities predicted the profit after tax (PAT) to be Rs 10,855.5 crore. The company reported a 7% year-over-year rise in revenue in constant currency (CC) terms.

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TCS Q2 results 2024

TCS’s net profit climbed from Rs 10,465 in the same period of last year to Rs 11,380 crore in Q2 FY24, a 2.8% increase. Consolidated revenue for the company during the September quarter was Rs 60,698 crore, up from Rs 56,274 crore during the same period last year. Additionally, the costs of the company went up, going from Rs 42,178 to Rs 45,368 in the same period last year.

TCS to Consider Share Buyback

Stock market specialists argue that despite the global recession, the performance of IT companies is a concern. Despite low discretionary spending across several verticals, TCS had low expectations for its performance. Significant deals were closed by TCS this quarter, but the business is paying investors with dividends and buybacks to boost shareholder confidence due to the delay in its profitability. While buybacks boost corporate confidence, dividends benefit shareholders.

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TCS Reported a Net Profit

TCS’s net profit for the September quarter grew to ₹11,342 billion, or ₹11,342 billion, an 8.7% rise over the same period the previous year. The IT behemoth reported a profit of ₹11,074 crore for the June quarter prior, leading to a 2.4% sequential increase in net profit overall.

TCS Share Price NSE, TCS Share price BSE

The stock ended the day at Rs 3,257 per share on the BSE, down 14.9 rupees (or 0.5%) from its opening price. TCS’s NSE share price ended the day at Rs 3,261 after declining Rs 11.5 or 0.4%. The company typically declares dividends on a quarterly basis, with the payment date usually falling a few weeks after the declaration date. Investors can stay updated on the dividend payment date for 2024 by regularly checking TCS’s official website or referring to financial news sources. It is advisable to consult with a financial advisor for accurate and up-to-date information regarding TCS dividend payments.


The dividend payment date for TCS in 2024 based on previous years’ patterns, it is likely to be scheduled sometime in the second quarter of the year. Shareholders can expect to receive their dividend payments around this time, subject to approval by the board of directors and other regulatory requirements. It is advisable for shareholders to stay updated with the latest announcements and company reports for any changes or updates regarding the dividend payment date. TCS dividend payment date for 2024 has not been officially announced yet. As one of the leading IT services companies, TCS has a history of providing consistent returns to its shareholders through dividends.

TCS Dividend Payment Date FAQ’S

When TCS dividend will be credited 2024?

The Company will distribute the second interim dividend to the equity shareholders on Tuesday, November 7, 2024. To be eligible for the dividend, shareholders must have their names listed on the Company's Register of Members or in the records of the Depositories as beneficial owners of shares by Thursday, October 19, 2024, which is the fixed Record Date.

What is the dividend of TCS in 2024?

IT services major Tata Consultancy Services (TCS) has declared a second interim dividend of Rs 9 per equity share for the financial year 2023-24.

What is the payment date of a dividend?

If an interim dividend is declared, the shareholders must receive their payout within 30 days of the dividend announcement. On the other hand, for a final dividend, the actual payment only needs to be made within 30 days of the Annual General Meeting (AGM).

How much dividend TCS will pay?

The country's largest IT company earlier announced its second interim dividend of Rs 9 per equity share of the face value of Rs 1 each, i.e., a 900 per cent payout to its shareholders for the current financial year.

Which month is the dividend paid?

For interim dividends, shareholders must receive their payout within 30 days of the dividend announcement. For final dividends, the actual payment only needs to be made within 30 days of the Annual General Meeting (AGM).

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RK, the author at badisoch, has a strong passion for all things tech and is often on the lookout for great deals when he's not exploring online shopping. With years of experience in writing about deals and e-commerce in India, RK also delves into topics concerning social media and the latest technology trends. His expertise shines through as he covers breaking news in the tech world, offering valuable insights to his readers.


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