TCS and HCL Technologies Trade Ex-Dividends: Third Interim Payouts in FY24

TCS and HCL Technologies Trade Ex-Dividends: Third Interim Payouts in FY24

VoM News Desk | January 19, 2024 | 12:04 PM IST | Breaking News | Follow on Google News

TCS and HCL Technologies Trade Ex-Dividends: Third Interim Payouts in FY24/Reuters

TCS and HCL Technologies Trade Ex-Dividends: Third Interim Payouts in FY24

1. Dividend Declaration Overview:
Tata Consultancy Services (TCS) and HCL Technologies take center stage as both Indian IT giants trade ex-dividends today. TCS declares a third interim dividend of ₹9 per share for FY23-24, accompanied by a special dividend of ₹18 per share, payable on February 5, 2024. Similarly, HCL Tech announces an interim dividend of ₹12 per share, with a record date of January 20, 2024, and a payment date of January 31, 2024.

2. TCS Dividend Process:
TCS communicates its dividend decision through a board meeting, emphasizing the dividend payment schedule. The third interim dividend and special dividend are set to be disbursed on February 5, 2024, to equity shareholders whose names appear on the records as of January 19, 2024—the designated Record Date. This marks the third time TCS has declared an interim dividend for eligible shareholders in FY24.

3. HCL Tech’s Dividend Confirmation:
HCL Tech officially declares an interim dividend of ₹12 per equity share for FY23-24. The Board of Directors confirms the record date as January 20, 2024, and the payment date as January 31, 2024. This marks the third interim dividend announcement by HCL Tech in the current fiscal year.

Investors and observers keenly watch TCS and HCL Technologies as both companies continue their dividend distribution practices. TCS’s proactive dividend strategy includes a special dividend, underscoring its commitment to rewarding shareholders. Similarly, HCL Tech aligns with this trend, reinforcing its dedication to providing returns to shareholders through multiple dividend declarations in FY24.

VoM News Desk

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