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TCS Dividend record date in 2023!

TCS Dividend Record Date 2023. You Must Know!

TCS has fixed record date for the payment of interim dividend and special dividend. According to information available on BSE website, the record date for determining the eligibility of shareholders for the payment of rupees 75 dividend amount is January 17, 2023.

The record date for both the dividend was announced as January 17, 2023 and the dividend will be paid to eligible shareholders on February 3, 2023. TCS shares rallied 2 percent on Monday to rupees 3352.40, before paring up gains partially. 

In the past 12 months, Tata Consultancy Service Ltd, has declared an equity dividend amounting to rupees 120.00 per share. At the current share of rupees 3370.00, this results in dividend yield of 3.56 percent.

TCS has been returning cash to shareholders consistently from the time of listing, through interim dividends every quarter, final dividends at the year-end and an occasional special dividend.

The dividends would be paid to those shareholders, whose names will appear on the register of members of the company in the records of the depositories as beneficial owner of the shares, as on Tuesday. The two dividends will be paid to eligible shareholders on February 3, 2023.

What is 60k incentive in TCS?

Over and above this, you will also be eligible for Learning Incentives (Readiness Incentive and/or Competency Incentive) basis your performance in TCS Xplore Program which gives you an additional earning potential of upto Rs. 60,000 during the first year.

Why is TCS stock falling?

Recession and Slowdown fears in the Developed World. There is the possibility of a Slowdown in the GDP Growth in the US, while deep recession in Europe & United Kingdom. TCS derives 55% of its revenue from US business and 30% from Europe & UK business.

How much hike is TCS giving?

TCS Salary Hike Latest News Today: In a piece of good news that will bring cheers to lakhs of employees, TCS has announced a Christmas gift for its employees and hiked their salary by 20%. Moreover, 4 lakh TCS employees out of the total 6 lakh staff will get 100 per cent variable pay for FY22.

Do dividends Make You Rich?

The short answer is “yes”. With a high savings rate, robust investment returns, and a long enough time horizon, this will lead to surprising wealth in the long run.

The Goal Of Investing

Beyond ‘riches’, the ultimate goals of most people reading this is to retire wealthy and to stay retired. Financial independence provides flexibility, freedom and a lot of options in life for you. Getting there is usually the challenging part.
For Dividend Growth Investors, financial independence is achieved at the Dividend Crossover Point. The dividend crossover point is the situation where my dividend income exceeds my expenses. While I am very close to this point today however, I also want to have some margin of safety in order to withstand any future shocks that might come my way.
In the process of thinking about how to reach financial independence, I have spoken to a lot of others who are working towards financial independence. I have come up with a list of a few tools that these people have used to get rich. These are tools that are within their control. While outcomes are never guaranteed in the uncertain world of long-term investing, taking maximum advantage of things within your control tilts the odds of success in your favor.
These levers are common sense, and are at a very high level, but I have found that they are super important. If you ignore those levers however, chances are that you may not reach your goals, even if you are a more talented stock picker than Warren Buffett.
I have found that the only levers within your control as an investor such as:
  • Your savings rate
  • Your investment strategy
  • Time in the market
  • Keeping investment costs low

What is the safest dividend stock?

When the going gets rough on Wall Street, smart investors turn to dividend stocks. Companies that pay a regular dividend are usually profitable on a recurring basis and have previously navigated their way through one or more downturns.
What's more, dividend stocks have crushed non-payers in the return column over long periods. A 2013 report from J.P. Morgan Asset Management, a division of JPMorgan Chase, showed that companies initiating and increasing their payouts averaged a 9.5% annual return between 1972 and 2012. That compared to a meager 1.6% annualized return over the same four-decade period for companies that didn't pay a dividend.
But not all income stocks are created equally. When it comes to the safety of their payouts and the size of their distributions, these are five of the safest high-yield dividend stocks to buy for 2023.

Are dividends good for growth?

While dividend payments will grow at a slower pace than capital appreciation of a share of stock, in general, investors can rely on increasing dividend yields to boost returns over time. The power of compounding, especially when reinvesting dividends, can indeed become quite a lucrative strategy.

How do you pick a good dividend stock?

If you plan to invest in dividend stocks, look for companies that boast long-term expected earnings growth between 5% and 15%, strong cash flows, low debt-to-equity ratios, and industrial strength.
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