TCS declares Rs.6.50 interim dividend payout

Mumbai, July 14 (IANA) Global software major Tata Consultancy Services (TCS) on Thursday declared an interim dividend of Rs 6.50 per each share of Re 1 each for 2016-17 at end of its first quarter.

"At the board meeting held on Thursday, the directors have declared an interim dividend of Rs 6.50 per equity share of Re 1 each of the company," the IT firm said in a statement here.

The interim dividend of a whopping 650 percent will be paid to the equity shareholders of the company on August 2.

"The payout will be made to the equity shareholders whose names appear on the register of members of the company or in the records of the depositaries on beneficial owners of the shares as on July 26, 2016, which is the record date fixed for the purpose," company secretary Suprakash Mukhopadhyay said in a filing to bourses.

The blue chip's scrip of Re 1 face value ended at Rs 2,520.30 per share at the end of Thursday's trading on BSE, gaining Rs 28.90 or 1.16 percent over Wednesday's closing price of Rs 2,491.40 and opening price of Rs 2,488.50.

--IANS

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