3Photo© news18.comTCS Q4 Results Today: Deal Wins To Ramp-Up Revenue Growth, Dividend Announcement Likely
Tata Consultancy Services, India’s largest IT services company, on Friday declared a final dividend of Rs 28 per share for the financial year 2023-24. Along with Rs 45 per share dividend announced earlier, the total TCS dividend for FY24 stood at Rs 73 per share. The TCS board approved the dividend proposal while announcing the IT firm’s March quarter results. The proposal will now be up for shareholder approval at TCS’ upcoming 29th Annual General Meeting (AGM).
Before this, TCS announced an interim dividend of Rs 9 per cent share and a special dividend of Rs 18 per share post its third quarter results. TCS declared interim dividends of Rs 9 each in the second and first quarter. Besides, it also came out with Rs 17,000 crore share buyback in FY24.
TCS announced a final dividend of Rs 24 per share in FY23. In total, it paid Rs 115 per share dividend in the previous financial year, amounting to Rs 33,306 crore. The dividend yield stood at 3.59 per cent. TCS paid Rs 7,686 crore in dividend in FY22, Rs 8,510 crore in dividend in FY21 and Rs 25,125 crore in dividend in FY20.