TCS to recommend final dividend for FY23 today, record date expected too
Apart from Q4 results, investors will be keenly eyeing the final dividend of TCS for fiscal year FY23. The Tata Group-backed company has already paid a total of three interim dividends in the said fiscal and will be recommending a final dividend on Wednesday. In its regulatory filing earlier, TCS said, "recommend a final dividend, if any, on the equity shares of the Company for the financial year ending March 31, 2023, for the approval of the shareholders at the ensuing 28th Annual General Meeting." So far in FY23, TCS has paid an interim dividend of ₹8 per share and a special dividend of ₹67 per share --- for both, the stock turned ex-dividend in January 2023. That being said, as of now, in FY23, the company has paid a total equity dividend of 9,100% aggregating to ₹91 per share.
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