Tata Group Dividend Date: The dividend date of the shares of Tata Consultancy Services Limited, the largest company of Tata Group, is coming soon. After this, this stock will become ex-dividend. Before this, investors will have a chance to buy it. The stock will trade on the ex-dividend date on Thursday, June 13.
TCS has announced double happiness for its shareholders by announcing final dividend along with special dividend. Tata Technologies has said that its board of directors has recommended the payment of final and special dividend to shareholders for the financial year ended March 31, 2024. This will be the first dividend given by the company since its launch in the stock markets on November 30, 2023.
The company said that its board has recommended a final dividend of Rs 8.40 per equity share and a special dividend of Rs 1.65 per equity share, a total dividend of Rs 10.05 on each equity share of face value of Rs 2 for the financial year ended March 31, 2024. However, the dividend is subject to approval by the members at the forthcoming annual general meeting of the company.
“It is recommended to pay a final dividend of Rs 8.40 and a special dividend of Rs 1.65 per equity share of Rs 2 each of the company’s face value for the financial year ended March 31, 2024,” the company said in an exchange filing on the BSE.
If the dividend is approved at the Annual General Meeting (‘AGM’), it shall be paid/remitted on or after the third day from the conclusion of the 30th AGM.” Record Date The Company has fixed Thursday, June 13, 2024, as the record date for the purpose of determining the eligibility of members to receive final and special dividend for the financial year ended March 31, 2024.
Tata Technologies (Tata Group Dividend Date) shares will trade on ex-dividend date on June 13, 2024. The current market price of TCS share is Rs 3,859.00. The dividend yield on Tata Technologies stock is 0.95 percent.
Tata Technologies’ net profit declined by 27.4 percent Operating revenue in Q4 FY24 declined by 7.2 percent year-on-year to Rs 1,301.05 crore in Q4 FY24 as against Rs 216.56 crore in the same quarter of FY23.