TCS announces a quarterly dividend of Rs. 8 per equity share

The record date to determine eligible stockholders for the dividend payment was declared by TCS as being July 16. Following this, TCS decided to pay the dividend to these stockholders on August 3rd.

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Tata Consultancy Services (TCS), a leading provider of IT services, announced on Friday that it would pay its shareholders an interim dividend of 8 rupees per equity share with a face value of 1 rupee each. The business has released its financial results for the period ending June 30, 2022 (Q1FY23).

In its financial audit report, TCS said, “We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of 8 per Equity Share of Re 1 each of the Company.”

The record date to determine eligible stockholders for the dividend payment was declared by TCS as being July 16. Following this, TCS decided to pay the dividend to these stockholders on August 3rd.

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“The interim dividend shall be paid on Wednesday, August 3, 2022, to the equity shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Saturday, July 16, 2022, which is the Record Date fixed for the purpose,” TCS said in its filing.