Tata Consultancy Services Ltd. will announce its third-quarter results on Thursday, April 9, with investors also watching for a dividend declaration.
The software exporter may announce a dividend of about Rs 40 per share as it moves closer to analyst estimates for the current financial year.
So far in FY26, the company has paid dividends totalling Rs 79 per share. Bloomberg-tracked analyst estimates place the full-year dividend at Rs 120 per share, with projections ranging from Rs 68 to Rs 179. Based on this range, the remaining payout implied is around Rs 40 per share.
The expected payout follows a stronger-than-anticipated distribution in the third quarter. The company announced a dividend of Rs 57 per share for Q3, exceeding street estimates. This included an interim dividend of Rs 11 per share and a special dividend of Rs 46 per share, according to its exchange filing.
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TCS Dividend History
Historical data shows that Tata Consultancy Services has maintained steady dividend payouts across financial years, with variations depending on earnings and board decisions. In FY25, the company declared a total dividend of Rs 126 per share, above the estimated Rs 121.03 per share. In FY24, it announced Rs 73 per share, slightly below the expected Rs 74.06 per share.
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In FY23, the payout stood at Rs 115 per share, higher than estimates of Rs 95.93 per share. The company declared Rs 43 per share in FY22 against an expected Rs 52.35 per share, and Rs 38 per share in FY21 compared with projections of Rs 46.16 per share.
In FY20, the dividend of Rs 73 per share was broadly in line with expectations of Rs 73.1 per share.
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