TCS pays 300 p.c. interim dividend

MUMBAI: The Board of Directors of Tata Consultancy Services (TCS) Ltd, announced an interim dividend (free of tax) of 300% at Rs. 3 per share for FY 2005-06.

The record date for the purpose of payment of the interim dividend is August 19. The total payout on account of the interim dividend will be Rs. 144 crore.

TCS had distributed a total of 1150% or Rs 11.50 per share as dividend to its shareholders during FY 2004-05. The company had last month announced its financial performance for the first quarter ended June 30, 2005 with a 24.56% growth in revenue to Rs. 2721.02 crore compared with the corresponding quarter last year.

Net income after tax at Rs 630.62 crore was higher by 33.02% over the corresponding quarter in the previous year.