This Tata Group Stock To Trade Ex-Dividend For 800% Interim Dividend Today: Key Highlights

Shares Of Tata Consultancy Services Ltd is going to trade ex-dividend today. Earlier, TCS declared its second interim dividend of Rs 8 per share on October 10, 2022. The ex-dividend date for interim dividend of TCS is October 17, 2022 and record date for the interim dividend is October 18, 2022. Check key takeaways below:

1. TCS Announced Rs 8 Per Share Dividend

The company in its exchange filing on October 10, 2022 stated, "We enclose the audited standalone financial results of the Company and audited consolidated financial results of the Company and its subsidiaries for the quarter and six month period ended September 30, 2022 under Ind AS, which have been approved and taken on record at a meeting of the Board of Directors of the Company held today. We would like to inform you that at the Board Meeting held today, the Directors have declared a second interim dividend of ₹8 per Equity Share of ₹1 each of the Company."

The second interim dividend is to be paid on Monday, November 7, 2022 to the equity shareholders of TCS, whose names appear on Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, October 18, 2022, which is the Record Date fixed for the purpose.

2. TCS Stock Outlook

Shares of TCS are declining today. The current market price of TCS share is R 3094 apiece with a decline of 0.12% till 9.53 am on Monday. The 52-week high of TCS is quoted at Rs 4045 apiece and 52-week low is quoted at Rs 2926 apiece, respectively. The company has a market capitalisation of Rs 11,32,110.49 crore.

3. TCS Return In 5 Years

The stock has given multibagger returns to shareholders in the last 5 years. The stock has given a return of 142% in 5-years and 53% in last 3-years. The stock has surged 3.35% in last 3 months.

4. TCS Q2 Result

The profit has risen 8% YoY and has managed to beat estimates. TCS announced an 18% YoY growth in its revenue at Rs 55,309 crore while the net profit surged 8.4% YoY to Rs 10,431 crore.

5. About TCS

A part of the Tata group, India's largest multinational business group, TCS has over 592,000 of the world's best-trained consultants in 55 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India.

TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology, and engineering services and solutions. This is delivered through its unique Location Independent Agile^TM delivery model, recognized as a benchmark of excellence in software development, according to its official website.