Tata Sons Pvt Ltd stands to earn about Rs 2,600 crore in dividend income from its shareholding in India's largest IT services exporter Tata Consultancy Services Ltd (TCS).
Tata Sons held 71.74 percent shares of the IT bellwether at the end of June 2024 quarter, according to company filings with the stock exchanges. Tata Investment Corporation held 0.03 percent stake in the company as of June 2024 quarter.
TCS has declared an interim dividend of Rs 10 per share in Q2FY25 (July-September). Earlier, the company paid an interim dividend of Rs 10 per share on July 19, 2024 for the financial year 2024-25 (FY25). Prior to that, a final dividend of Rs 28 was paid by the company to its shareholders on May 16, 2024.
TCS Dividend 2024 Record Date
TCS has already fixed Friday, October 18, 2024 as the record date to determine the eligibility of shareholders for the corporate action.
TCS Dividend History
| Ex-Date | Amount (Rs) |
| 18 Oct, 2024 | 10 |
| 19 July, 2024 | 10 |
| 16 May, 2024 | 28 |
| 19 Jan, 2024 | 9 |
| 19 Jan, 2024 | 18 |
TCS has a dividend yield of 1.32 percent at the current levels. It's stock price settled at Rs 4,227.90 per share on the NSE on October 10, down marginally by 0.59 percent.
TCS shares advanced 10.96 percent in 2024 so far, while the benchmark Sensex rose 12.92 in the same period.
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