Economy
TCS announces second interim dividend of ₹12 per share as stock corrects 35% in 2026
Livemint2h
THE BRIEF
1
Tata Consultancy Services approved a second interim dividend of ₹12 per equity share for FY27 on Thursday, bringing its total dividend payout for the financial year to ₹24 per share.
2
The company fixed Wednesday, October 14, as the record date to determine investor eligibility for the payout, following a net profit of ₹13,884 crore in the September quarter.
3
The IT stock closed 0.42% lower at ₹2,075.25 on the BSE, having declined over 35% in 2026 amid wider market corrections driven by artificial intelligence-led disruption fears.