TCS gives 700 pc interim dividend again

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SME Times News Bureau | 12 Jan, 2018
IT major Tata Consultancy Services (TCS) on Thursday declared again a whopping 700 per cent dividend (Rs 7 per share of Re 1 face value) for the third quarter of 2017-18.

The record dividend for the third consecutive quarter is in addition to Rs 7 per share given for the second and first quarters in October and July, taking the cumulative payout to Rs 21 per share or a whopping 2,100 per cent till December 31, 2017.

In a regulatory filing on the BSE, TCS said the Directors have declared the third interim dividend of Rs 7 per equity share of Re 1 each and it would be paid to all the equity shareholders in the company's records as on January 23.

"The third Interim dividend will be paid on January 31," added the filing.

The company's blue chip scrip of Re 1 face value, however, closed at Rs 2,788.40 on the BSE at the end of Thursday's trading, losing Rs 18.70 per share from Wednesday's closing price of Rs 2,807.10 and after opening at Rs 2,807.20.

The shares also quoted a high of Rs 2,820.10 and a low of Rs 2,781.90 during the intra-trading sessions on the BSE.