TCS Dividend Beats Expectations: Special Payout, Record Date & Details
Tata Consultancy Services Ltd. (TCS) has announced a record dividend of Rs 57 per share for the third quarter of the current financial year, surpassing market expectations by a wide margin.
The IT giant declared an interim dividend of Rs 11 per share and a special dividend of Rs 46 per share, according to its filing with stock exchanges.
Record Date and Payment
The record date for eligible shareholders is January 17, 2026, and the dividend will be credited on February 3, 2026.
Market Expectations vs Actual Dividend
Analysts tracked by Bloomberg had expected a dividend of Rs 34.19 per share, with predictions ranging from Rs 6 to Rs 75 per share. TCS has already paid Rs 22 per share in dividends so far this financial year, and analysts expect a total payout of Rs 115.72 per share by the end of the year.
Historically, TCS has maintained steady dividend payouts:
- FY25: Rs 126 per share (vs. Rs 121 expected)
- FY24: Rs 73 per share (vs. Rs 74 expected)
Quarterly Dividend Trends
TCS often surprises analysts with higher dividends in Q3:
- Q3 FY25: Rs 76 announced (vs. Rs 28.71 expected)
- Q3 FY24: Rs 27 announced (vs. Rs 10.63 expected)
Impact on Stock
Following the announcement, TCS shares rose 1.10% to Rs 3,243, compared to a 0.42% gain in the NSE Nifty 50 Index. The stock has fallen 24.5% over the last 12 months.
Analyst Ratings
Out of 51 analysts tracking TCS:
- 35 have a ‘buy’ rating
- 11 recommend ‘hold’
- 5 suggest ‘sell’
The average 12-month price target suggests a potential upside of 11.1% for TCS shares.
Conclusion:
TCS’s special Q3 dividend of Rs 57 per share reflects its strong earnings and shareholder-friendly approach. With a solid payout history and positive analyst ratings, TCS continues to be a key stock for long-term investors.
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