TCS Dividend 2024 Record Date

TCS

Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) services and consulting company headquartered in Mumbai. It is part of the Tata Group and operates in 150 locations across 46 countries. 

As of March 2024, TCS has more than 601,546 employees worldwide. TCS is known for being one of the most valuable IT service brands globally and is a significant player in the big tech space in India.

TCS offers a wide range of services, including IT consulting, digital solutions, cognitive business operations, blockchain, and cybersecurity, to name a few. It has been a partner to many of the world’s largest businesses in their transformation journeys for over 55 years.

TCS has also been recognized for its contributions to the industry and has achieved several milestones, such as reaching a market capitalization of US$200 billion in September 2021, making it the first Indian IT tech company to do so. 

TCS Dividend 2024 Record Date

"TCS Dividend 2024 Record Date" means the date when TCS decides who will get the dividend payments for the year 2024. This date is important because only people who are shareholders on or before this date will get the dividend.

For TCS in 2024, the record date is May 16th. So, if you own TCS shares by May 16th, you are eligible to receive the dividend payment for that year.

How Much is the Final TCS Dividend Per Share?

• The final TCS dividend per share is ₹28.
• This dividend is for each equity share of ₹1.
• The Board of Directors recommended this amount on April 12, 2024.
• Shareholders will vote on it at the Annual General Meeting on May 31, 2024.
• If approved, shareholders will receive the dividend on June 4, 2024.
• If someone owns, let's say, 10 shares of TCS, they would receive 10 multiplied by ₹28, which equals ₹280 in total dividends.

What is the Dividend History of TCS?

TCS has been giving out dividends since October 28, 2004. They have given out 83 dividends since then. Recently, in the past year, they paid Rs 69 per share as a dividend. 

Currently, their dividend yield, which is how much you get back as a percentage of the share price, is 1.73%.

What is the Purpose of the Record Date?

The record date is a very important day for companies and their shareholders. It is the day when a company makes a list of all the people who own its shares.

This list is used to decide who will get a dividend, which is a share of the company’s profits.

Only the people on the list on the record date will get the dividend.

The record date is set after the ex-dividend date. If you buy shares after the ex-dividend date, you won’t get the dividend for that time.

To get the dividend, you need to buy shares at least two business days before the record date.

So, the record date helps the company know who should get the dividend and makes sure that the right people get it. 

It is like a checkpoint to make sure the company’s profits are shared fairly with the people who own part of the company.