Software major () will consider a second interim dividend for FY23 on Monday. The company will also announce its Q2 earnings later in the day today.

As per the filing with the exchanges, “the second interim dividend, if declared, shall be paid to the equity shareholders of the company whose names appear on the Register of Members of the Company or in the records of the depositories as beneficial owners of the company shares as on Tuesday, October 18, 2022, which is the record date fixed for this purpose.”

The company has already declared a first interim dividend of Rs 8 per share for the ongoing FY and the ex-date for the same was July 14.

TCS since October 28, 2004, has declared 75 dividends, Trendlyne data shows. In the previous FY, the company announced Rs 43 per share dividend. At the current share price of Rs 3,116, this translates into a dividend yield of 1.38%.

Most brokerages expect the country’s leading software exporter to report 3.5-5% revenue growth in constant currency terms together with better margins. Additionally, cross-currency headwinds of 150 bps are likely to result in 1.5% revenue growth QoQ in dollar terms. PAT is seen to improve by 6.2% QoQ.

Ahead of the Q2 earnings, shares of the software major traded with gains of over 1% at Rs 3109.9 per share.


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By Dipak

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