TCS Declares Interim Dividend of Rs 8 Per Equity Share; Here's What Investors Should Know

India’s largest IT services company Tata Consultancy Services (TCS) on Friday declared an interim dividend of Rs 8 per equity share.

We would like to inform you that at the board meeting held today (on Friday), the directors have declared an interim dividend of Rs 8 per equity share of Rs 1 each of the company,

TCS said in a BSE filing declaring its financial results for the June 2022 quarter. The company also said its earnings per share also increased to Rs 25.9 in the June 2022 quarter, from Rs 24.35 a year ago.

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 Saturday, July 16, 2022,

The company had returned Rs 31,424 crore worth of cash to shareholders through buybacks and dividends in the financial year 2021-22. And, in the previous quarter, January-March 2022, TCS had announced a final dividend of Rs 22 per share.

Its consolidated net profit jumped 5.2 per cent year-on-year to Rs 9,478 crore during the quarter.

The company’s revenue during April-June 2022 rose 16.2 per cent to Rs 52,758 crore, compared with Rs 45,411 crore in the year-ago period.

Its overseas growth was led by North America which grew 19.1 per cent. The UK market saw a growth of 12.6 per cent,

Its overseas growth was led by North America which grew 19.1 per cent. The UK market saw a growth of 12.6 per cent,