Tata Consultancy Services (TCS) declared a second interim dividend of ₹12 per equity share for the financial year 2026-27, bringing the total dividend payout to ₹24 per share so far this fiscal year, the company announced on Thursday. The record date for eligibility is set for October 14, 2026, according to livemint.com.
The board of directors approved the dividend following TCS’s second-quarter results, which showed a net profit of ₹73,188 crore and annualised AI-led revenue of $3.1 billion, exceeding 10% of the company’s net revenue. This dividend announcement comes amid a 35% decline in TCS’s stock price in 2026, part of a broader correction in IT stocks driven by concerns over AI disruption. Despite the stock dip, TCS has maintained consistent dividend payments over the years, with a total of ₹500 per share paid out in the last five years.
TCS’s dividend yield has fluctuated in recent years, standing at 4.7% in FY26 after peaking at 5.3% in FY25. The company’s steady dividend payments underscore its position as a reliable income source for investors despite market volatility. The IT giant’s recent strategic deals, including a $9.6 billion contract value in Q2 and partnerships with firms like Porsche AG, highlight its ongoing business momentum amid a challenging market environment.
TCS’s share price closed at ₹2,075.25 on Thursday, down 0.42%, with analysts expecting a flat to slightly positive trading session on October 9. The company’s consistent dividend policy and strong order book remain key factors for investors, with the next significant date being the October 14 record date for the dividend payout.