TCS Dividend: Last Day To Buy Shares To Qualify — Details Here
.jpg?downsize=1010:568 "TCS Dividend: Last Day To Buy Shares To Qualify — Details Here")
Shares of Tata Consultancy Services Ltd. will be of interest 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's board announced a final dividend of Rs 30 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 4.
The dividend will be paid on and from June 24, 2025, to those shareholders whose names appear in the register of members of the company as on the record date.
The total amount to be disbursed as dividend is around Rs 10,854 crore.
In total, including the interim dividend of Rs 10 announced in July and October, special dividend of Rs 66 announced in January along with an interim dividend of Rs 10, the company has issued dividend worth Rs 126 in this financial year.
In comparison, the company had issued a final dividend of Rs 28 on May 16, 2024, and an interim dividend of Rs 9 and special dividend of Rs 18 apiece in January 2024. In 2023 the company had allotted two interim dividend of Rs 9.
Given India's T+1 settlement cycle, shares purchased on the record date (June 4 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 3 will be the beneficiaries.
TCS Q4 Performance
TCS reported a 1.26% decrease in net profit to Rs 12,224 crore for the quarter ended March 31, 2025. This was below the Rs 12,766-crore forecast by analysts monitored by Bloomberg.
Revenue of Tata Consultancy Services rose marginally to 0.79% over the previous three months to Rs 64,479 crore in the quarter ended March 31, 2025. That compares with the Rs 64,848 crore consensus estimate of analysts tracked by Bloomberg.
Margins in the fourth quarter dipped 30 basis points sequentially at 24.2%, from 24.5% last quarter. The company's Total Contract Value stood at $12.2 billion, higher than $10.2 billion recorded last quarter. For FY25, TCV stood at $39.4 billion.
The banking, financial services and insurance vertical saw a 0.7% year-on-year growth, lower than the 0.9% recorded last quarter. Consumer business hiked 0.3%, manufacturing rose 2.9%, and the energy and resources and utilities vertical grew 5.1%.
However, the communication and media vertical dipped the highest at 9.5% YoY. Life sciences and healthcare and technology and services verticals dipped 1.6% and 1.3%, respectively.
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