TCS dividend 2023: IT major shares trade ex-date today

TCS dividend record date 2023: 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.

TCS dividend record date 2023: Tata group IT major has fixed October 19 as the record date. Image: Freepik/ Representational image

TCS dividend 2023, TCS dividend record date 2023: Tata Consultancy Services (TCS) shares traded ex-dividend date today, October 19. 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.

TCS dividend record date 2023

Tata group IT major has fixed October 19, Thursday as the record date for the second interim dividend.

What is a record date?

A record date determines the shareholders eligible to benefit from corporate action such as dividends.

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TCS dividend payment date 2023

The second interim dividend shall be paid on November 7, 2023, to the equity shareholders of the company. "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," the company's filing read.

TCS Q2 result 2023

TCS staged an overall mixed quarterly performance. TCS reported a 2.4 per cent rise in consolidated net profit to Rs 11,342 crore for Q2 compared the the previous three months, slightly below analysts' expectations. The company's revenue came in at Rs 59,692 crore or $7,210 million for the fiscal second quarter, according to a regulatory filing. Both the top-line and the bottom-line missed analysts' estimates. Its margin, however, improved by 110 basis points sequentially to 24.3 per cent, better than Street expectations.

TCS Buyback 2023 price

TCS's board also approved a buyback worth Rs 17,000 crore.

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