Dividend Stock: Tata Group’s IT company Tata Consultancy Services (TCS) had recently announced dividend for its shareholders. The country’s largest IT company TCS, along with releasing the second quarter results on October 10, had announced an interim dividend of Rs 10 on each share with face value of Re 1 for investors. While giving information about dividend in an exchange filing, TCS had also given information about record date and payment date.
Record date is fixed on Friday, October 18
TCS had fixed Friday, October 18 as the record date for interim dividend of Rs 10. That means, on October 18, only those shareholders who have TCS shares in their portfolio will be given dividend. Investors who buy TCS shares on October 18 will not be given dividend. Therefore, today is the last chance for investors to buy TCS shares to get a dividend of Rs 10 on every share.
TCS shares recorded a decline on Wednesday
Let us tell you that on Wednesday, October 16, a decline was recorded in the shares of TCS. On Wednesday, TCS shares closed at Rs 4094.80, down Rs 22.70 (0.55%) on BSE. The shares of the IT company, which closed at Rs 4117.50 on Tuesday, opened with a fall on Wednesday at Rs 4077.50. During trading, the company’s shares had reached an intraday high of Rs 4114.60 and an intraday low of Rs 4068.30.
The market cap of the company is Rs 14.81 lakh crore.
The current price of TCS shares is well below its 52 week high. According to BSE data, 52 week high of TCS shares is Rs 4585.90 and 52 week low is Rs 3313.00. The current market cap of the largest company of Tata Group is Rs 14,81,534.48 crore.
