TCS slips ex-dividend

TCS fell 0.81% to Rs 2,585.10 at 09:18 IST on BSE after the stock turned ex-dividend today, 5 June 2015, for final dividend of Rs 24 per share for the year ended 31 March 2015.

Meanwhile, the S&P BSE Sensex was down 3.06 points or 0.1% at 26,810.36

On BSE, so far 3,573 shares were traded in the counter as against average daily volume of 1.07 lakh shares in the past one quarter.

The stock hit a high of Rs 2,598.90 and a low of Rs 2,584.55 so far during the day. The stock had hit a record high of Rs 2,834 on 7 October 2014. The stock had hit a 52-week low of Rs 2,062.50 on 6 June 2014.

The large-cap IT services provider has equity capital of Rs 195.87 crore. Face value per share is Re 1.

Before turning ex-dividend, the TCS stock offered a dividend yield of 0.92% based on the closing price of Rs 2,606.20 yesterday, 4 June 2014.

TCS' consolidated net profit fell 30.31% to Rs 3712.67 crore on 0.83% rise in total income to Rs 25355.98 crore in Q4 March 2015 over Q3 December 2014.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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