Tata Group Stock: Tata Group’s giant Tata Consultancy Services (TCS Share) is going to trade as an ex-dividend stock this week. The company has decided to give a dividend of Rs 28 on one share to eligible investors. Let us tell you, this will be the 66th time when the company will pay dividend among the investors. Let us know the record date-
PSU company is going to give bonus shares for the 5th time, decided to give dividend of Rs 21
Company will trade ex-dividend this week (TCS Dividend Date)
In the information given to the stock markets, the company had said that a dividend of Rs 28 will be given on a share with a face value of Re 1. The company has fixed the record date for this dividend as May 16, 2024. That means only those investors whose name will be in the company’s record book on this day will get the benefit of dividend.
The company has distributed bonus shares
Along with dividends, TCS also has an excellent record of distributing bonus shares. The company first traded ex-dividend on June 16, 2009. Then 1 share for every 1 share was given as bonus by the company. At the same time, for the second and last time the company did ex-bonus trade on 31 May 2018. Even then eligible investors were given a bonus of 1 share on each share.
It is giving a dividend of Rs 30 on 1 share, investors rush to buy shares.
How is the company’s performance in the stock market?
On Friday, the price of TCS shares closed at Rs 3895.85 with a decline of 1.62 percent in BSE. TCS share prices have seen a rise of 18.6 percent in the last one year. At the same time, investors who have held for 6 months have got a profit of 16.8 percent so far. Let us tell you, investors who have been holding the stock for 3 months have suffered a loss of 5.8 percent. During this period, there has been a decline in TCS shares.
