If you are looking at the dividend from Tata Consultancy Services (TCS), today, it is your last opportunity to buy the stock and be eligible. Based on India’s T+1 settlement system, to qualify for a company’s dividend, you must hold the stock a day before the record date.
Let’s take a look at what you need to know about TCS’s interim dividend –
TCS dividend: Today is the cut-off to be eligible for the dividend
TCS has set July 16 as the record date for its interim dividend. However, because of the T+1 settlement cycle, investors need to own the shares by today, July 15 to be eligible. Buying on the record date will not qualify you for the dividend since the ownership transfer won’t reflect in time.
TCS dividend: Rs 11 dividend announced
TCS has declared an interim dividend of Rs 11 per share, which will be paid to all eligible shareholders. Based on the company’s capital structure, the total payout value is estimated at Rs 3,980 crore. According to the regulatory filing, the dividend will be credited to shareholders accounts on August 4.
TCS dividend history
TCS is known for its consistent dividend track record. In FY25, the company declared a total dividend of Rs 126 per share, which included a final dividend of Rs 30, a special dividend of Rs 66 and three interim dividends of Rs 10 each.
TCS share performance
TCS shares have been on a decline. In the past five days, the share price of TCS has dropped 4%, while the one-month decline stands at around 7%. On a six-month basis, TCS has lost 23%, and on a year-on-year basis, it’s down 22%. However, the stock was trading slightly higher (around 1%) today.