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TCS announces dividends totalling Rs 75 per share – Economic Times

NEW DELHI: India’s largest IT services exporter or today announced dividends worth Rs 75 per share, which includes both interim and special dividends.

“We would like to inform you that at the Board Meeting held today, the Directors have declared a third interim dividend of ₹8 and a special dividend of ₹67 per Equity Share of ₹1 each of the Company,” TCS said in a BSE filing today.

Both the dividends would be paid on February 3 to equity shareholders of the company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, January 17, 2023, which is the record date fixed for the purpose.

The IT company has declared 77 dividends since October 28, 2004. In the past 12 months, it has declared an equity dividend amounting to Rs 45 per share, shows Trendlyne data. Earlier in July and October, the company had paid two interim dividends of Rs 8 per share each.

The announcement of today’s dividend was done along with the release of December quarter results in which TCS reported a 5.3% sequential rise in consolidated revenue at Rs 58,229 crore. The net profit rose nearly 4% on quarter to Rs 10,846 crore, but was lower than the expected Rs 11,200 crore.