TCS sets November 25 as record date for Rs 17,000-crore share buyback
On November 25, TCS will determine the eligibility of shareholders who can participate in the Rs 17,000-crore share buyback, its fifth in six years
Source: moneycontrol.com
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TCS stock gains 4% as firm fixes record date for Rs 17,000-crore share buyback
TCS shares gained 3.74% to an intraday high of Rs 3526.45 against the previous close of Rs 3399.30 on BSE. Market cap of the firm rose to Rs 12.89 lakh crore.
Source: businesstoday.in
ex-divide stocks: TCS among 4 stocks that turned ex-dividend today
Shares of Tata Consultancy Services (TCS), Visaka Industries, DCB Bank, and DJ Mediaprint have turned ex-dividend. TCS, which announced a dividend of Rs 24 per share, has fixed June 15 as the record date. In the last 12 months, TCS has paid a dividend of Rs 91 per share with a dividend yield of 2.8%. While Motilal Oswal has a buy tag on TCS stock, most analysts are cautious on the IT sector in the near term. TCS stock closed flat at Rs 3,245 apiece on NSE.
Source: indiatimes.com