TCS informed Indian stock market bourses about the dividend payment of ₹75 citing, "We would like to inform you that at the Board Meeting held today, the Directors have declared a third interim dividend of Rs. 8 and a special dividend of Rs. 67 per Equity Share of Re. 1 each of the Company. The third interim dividend and the special dividend shall be paid on Friday, February 3, 2023, 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 Tuesday, January 17, 2023, which is the Record Date fixed for the purpose."
The third interim dividend and the special dividend will be paid on 3 February, 2023, 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 17 January, 2023, which is the record date fixed for the purpose.
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In Q3 results announced last week, TCS reported a lower-than-expected profit at ₹10,846 crore. TCS' net profit for the third quarter rose by nearly 11 per cent to ₹10,846 crore as against ₹9,806 crore in the year-ago quarter. The bellwether IT giant's revenue came in at ₹58,229 crore, up 19 per cent YoY, +13.5 per cent YoY in constant currency (cc).
The IT giant has a strong track record of dividend payment to its shareholders. Inn October 2022, TCS had announced second interim dividend of ₹8 per equity share for the fiscal year FY23.
