TCS Fixes Third Interim Dividend Record Date—Check Details Here

Tata Consultancy Services Ltd. has announced that Jan. 17 will be the record date to determine the eligibility of shareholders entitled to the third interim dividend.

The company's board of directors is scheduled to meet on Jan. 9 to approve and record the audited standalone financial results for the third quarter ending Dec. 31, 2024, according to an exchange filing.

The third interim dividend, if declared, shall be paid 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 Jan. 17, 2025, which is the record date fixed for the purpose.

The company is also to approve and take on record the audited consolidated financial results of the company and its subsidiaries and consider the declaration of a third interim dividend to the equity shareholders, filing said.

The company announced a second interim dividend of Rs 10 per equity share of Rs 1 each of the company. The record date for the interim dividend was set for Oct. 18.

The company had previously announced its first interim dividend of Rs 10 per share. The record date for the same was set for July. 20.

On Dec. 31, Tata Consultancy Services Ltd. witnessed the sharpest drop among the top 10 most-valued firms, with a loss of Rs 23,155 crore, bringing its market capitalisation to Rs 14.81 lakh crore.

Earlier on Dec. 20, Tata Consultancy Services expanded its partnership with Bank of Baroda to continue to implement an end-to-end financial inclusion solution over the next five years. The solution aims to help the bank’s agents better serve customers in unbanked areas.

TCS will deploy its Financial Inclusion Gateway Solution for the bank, provide infrastructure such as hardware and software to be deployed in the bank’s data centres, and help with application support and maintenance.

Shares of TCS closed 1.54% lower at Rs 4,094.80 apiece, compared to a flat benchmark at NSE Nifty 50.

Thirty out of the 48 analysts tracking the company have a 'buy' rating on the stock, 11 recommend a 'hold,' and seven suggest a 'sell,' according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 10.8%.