TCS gives 700% interim dividend, again

Mumbai Jan 11 (IANS) IT bellwether Tata Consultancy Services (TCS) on Thursday declared again a whopping 700 per cent dividend (Rs 7 per share of Re 1 face value) for the third quarter of fiscal 2017-18.

The record dividend for the third consecutive quarter is in addition to Rs 7 per share given for the second and first quarters in October and July taking the cumulative payout to Rs 21 per share or a whopping 2 100 per cent till December 31.

The company s blue chip scrip of Re 1 face value however closed at Rs 2 788.40 on the BSE at the end of Thursday s trading losing Rs 18.70 per share from Wednesday s closing price of Rs 2 807.10 and after opening at Rs 2 807.20.

The shares also quoted a high of Rs 2 820.10 and a low of Rs 2 781.90 during the intra-trading sessions on the BSE.

--IANS
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