TCS Q4 results on April 12: Will TCS declare dividend today? Check details

Tata Consultancy Services (TCS), India's largest information technology (IT) services company, is set to announce its financial results for the fourth quarter (Q4) and the final results for the financial year ending March 31, 2024, on April 12, 2023. This marks the beginning of the Q4 earnings season for the Indian IT industry.

The company's Board of Directors will convene a meeting on this day to deliberate upon and finalize the dividend payout for the financial year. The declaration of a final dividend is an essential component of the financial results announcement as it directly impacts the shareholders.

The IT major has a strong track record of paying regular and increasing dividends over the years. In the previous fiscal year, the company declared an interim dividend of INR 8 per share and a final dividend of INR 10 per share, aggregating to INR 18 per share for the financial year 2022-23. The final dividend payout was a 3% increase from the previous year's final dividend of INR 9.70 per share.

The investors eagerly await the announcement of the final dividend for the current financial year as it will provide them with a clearer picture of the company's financial performance and its intentions towards shareholder returns. The final dividend payout is usually a significant portion of the total dividends declared in a financial year and plays a crucial role in determining the total return on investment for shareholders.

In summary, TCS will announce its Q4 and final financial results for the financial year ending March 31, 2024, on April 12, 2023. The Board of Directors will also consider and finalize the dividend payout for the financial year during the meeting. The company has a consistent record of paying regular and increasing dividends, and the final dividend announcement will be closely watched by investors for insights into the company's financial performance and future intentions towards shareholder returns.