TCS Dividend: Last Day To Buy Shares To Qualify — Details Here

Shares of Tata Consultancy Services Ltd. will be in focus on Tuesday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex-record-date.

The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

TCS' board announced an interim dividend of Rs 11 per share. The record date to determine the shareholders eligible for the dividend payout has been fixed as July 16. The total value of the dividend to be disbursed amounts to around Rs 3,980 crore.

Given India's T+1 settlement cycle, shares purchased on the record date (July 16 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by July 15 will be the beneficiaries.

In the last fiscal, the company announced total dividend of Rs 126, including the final dividend of Rs 30 apiece, a special dividend of Rs 66 per share and three interim dividends of Rs 10 each.

TCS reported a 4% rise in net profit for the first quarter of FY26, in line with estimates, while revenue declined sequentially. Consolidated net profit for the quarter ended June rose to Rs 12,760 crore from Rs 12,224 crore in the previous quarter. Bloomberg had estimated profit at Rs 12,253 crore.

Revenue fell 1.6% sequentially to Rs 63,437 crore from Rs 64,479 crore. The analyst consensus estimate tracked by Bloomberg was Rs 64,655 crore.

The company's total contract value stood at $9.4 billion in the three months ending June, down from $12.2 billion in the preceding quarter.

As of June 30, TCS increased its headcount by 6,071, bringing the total to 6.13 lakh. The IT services attrition rate was 13.8% over the past twelve months, the highest in nearly two years.