TCS announces interim dividend of 900%

The second interim dividend will be paid on Tuesday, November 7, 2023, while the record date for the same will be Thursday, October 19, 2023, TCS said.

TCS on Wednesday announced an interim dividend of Rs 9 per equity share of Rs 1 each. Photo: Reuters/Representational

TCS Interim Dividend: Tata Consultancy Services, India's largest IT company by market capitalisation, on Wednesday (October 11, 2023) announced an interim dividend of 900 per cent. On a day when the company reported its second-quarter results for the period ending September 30, it also announced an interim dividend of Rs 9 per equity share of Rs 1 each.

TCS interim dividend ex-date and record date

TCS, which had announced the record of October 19 for the interim dividend, declared November 7 as the ex-date for the same.

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"The second interim dividend shall be paid on Tuesday, November 7, 2023, to the 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 Thursday, October 19, 2023, which is the Record Date fixed for the purpose," said TCS in a BSE filing on Wednesday.