News

Published: Apr 15, 2023
Updated: Apr 15, 2023

TCS Announces 2400% Final Dividend for FY23

Tata Consultancy Services (TCS), one of the largest IT companies in India, has recommended a final dividend for FY23 to its shareholders. The company's board has approved the payment of Rs 24 dividend per equity share of face value of Rs 1 each, subject to approval by TCS shareholders. TCS is known for paying high dividends and has paid a total of three interim dividends, one special dividend, and one final dividend in the last 12 months.

Details of TCS's Dividend

In an exchange filing, TCS announced that its Board of Directors has recommended a final dividend of ₹24 per Equity Share of ₹1 each of the Company. The dividend will be paid or dispatched on the fourth day from the conclusion of the 28th Annual General Meeting, subject to approval by the shareholders of the Company.

TCS's High Dividend Payouts

TCS has paid a total equity dividend of 11,300% aggregating to Rs 113 per share in the last 12 months. The company paid its first interim dividend of Rs 8 on July 14, 2022, followed by two interim dividends of the same value on October 17 and January 16. Additionally, the company paid a special dividend of Rs 67 on January 16, 2023. In FY22, TCS paid three interim dividends of Rs 7 each and a final dividend of Rs 22.

TCS's Market Position

TCS is a leader in its field with a market cap of Rs 11.83 lakh crore. The company has a reputation for being a good dividend payer and maintaining its status as a top-performing company.

TCS has a history of paying out high dividends

TCS's recommendation of a final dividend for FY23 to its shareholders is a reflection of the company's strong financial performance and commitment to delivering value to its stakeholders. With its reputation as a leader in the IT industry and a good dividend payer, TCS remains a strong investment option for shareholders looking for long-term growth and stability