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HomeNewsBusinessEarningsTata Sons to earn nearly Rs 2,600-crore income as TCS announces 2nd interim dividend for FY25

Tata Sons to earn nearly Rs 2,600-crore income as TCS announces 2nd interim dividend for FY25

Tata Sons held 71.74 percent of the IT bellwether at the end of June 2024 quarter, showed exchange data

October 10, 2024 / 21:17 IST
TCS Q2 Results 2024 Live Updates: All eyes are on whether TCS will match the stellar growth reported by rival Accenture, which saw a surge in revenue driven by Gen AI projects.
     
     
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    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-DateAmount (Rs)
    18 Oct, 202410
    19 July, 202410
    16 May, 202428
    19 Jan, 20249
    19 Jan, 202418

    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.

    Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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    Paras Bisht
    first published: Oct 10, 2024 04:28 pm

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