Business Business: Tata Consultancy Services Limited (TCS) of Tata Group announced its quarterly results and dividend on Thursday. The company announced an interim dividend for the financial year 2025. This time the company gave a dividend of Rs 10 per share. The dividend will be paid by the company to accredited investors on Tuesday, November 5, 2024. TCS has announced an ex-dividend date. The company has set the effective date of this interim dividend as October 18, 2024. In other words: only those investors whose names are recorded in the commercial register on that day can benefit from the benefit. TCS paid a dividend for the first time this year.
The giant Tata Group company had paid a dividend of Rs 73 per share in FY24. TCS also gave bonus shares to investors twice. The company gave bonus shares for the first time in 2009. After this, the company gave them a share grant equivalent to one share. At the same time, the company distributed bonus shares for the second time in 2018. At that time, the company had given a bonus of one share per share.
Last year, TCS shares have gained more than 17%. At the same time, investors holding these shares of Tata Group have gained about 6% in the last six months. Last month was a worrying month for investors. During this period, TCS shares fell 5%. On Thursday, the company’s shares fell 0.56 per cent to Rs 4,228.40 on the BSE.
The company’s 52-week high was Rs 4,585.90 and Rs 3,313. The market capitalization of this company is Rs 15,29,872.13.
