TCS record date for Rs 11 dividend tomorrow. Last chance to buy shares for eligibility
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Shares of Tata Consultancy Services TCS ) will trade ex-dividend on Wednesday, July 16, as the IT giant has fixed this date as the record date for its recently announced interim dividend of Rs 11 per share.Therefore, investors holding TCS shares as of July 16 will be eligible to receive the dividend.In a regulatory filing, TCS informed that its board of directors approved an interim dividend of Rs 11 per equity share of Rs 1 each. The company further stated that the dividend payout is scheduled for August 4, 2025, and will be credited to eligible shareholders whose names appear in the company's records or in the records of depositories as of the record date.According to data from Trendlyne, TCS has declared a total dividend of Rs 126 per share over the past 12 months. Based on a share price of Rs 3,215.10, the stock currently offers a dividend yield of 3.92%.On Monday, TCS shares closed 1.3% lower at Rs 3,223.20 on the BSE.TCS on Thursday reported a 6% year-on-year rise in its consolidated net profit for Q1FY26, reaching Rs 12,760 crore, up from Rs 12,040 crore in the same quarter last year. The profit figure came in higher than Street estimates of Rs 12,205 crore.Meanwhile, revenue stood at Rs 63,437 crore, falling short of analysts' expectations of Rs 64,538 crore. However, it marked a 1.3% increase over Rs 62,613 crore reported in the corresponding period last year.After the company's Q1 results, Nuvama shared that it maintained a 'Buy' rating on TCS with a revised target price of Rs 3,950 (earlier Rs 4,050), valuing the stock at 25x FY27E PE.Additionally, Antique has also maintained a 'Buy' rating on TCS with a revised target price of Rs 3,725, down 3% from the earlier estimate of Rs 3,850.According to Trendlyne data, the 1-year target price of the stock is Rs 3,747.– Rs 0.73 per share (36.5%)– Rs 10 per share (100%)– Rs 1 per share (10%)– Rs 0.1 per share (1%)– Rs 0.14 per share (1.4%)– Rs 2 per share (100%)– Rs 6 per share (300%): Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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