Tata Consultancy Services (NSE:TCS) Dividend Payout Ratio

: 0.26 (As of Mar. 2024)

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Tata Consultancy Services's dividend payout ratio for the months ended in Mar. 2024 was 0.26.

The historical rank and industry rank for Tata Consultancy Services's Dividend Payout Ratio or its related term are showing as below:

NSE:TCS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.32 Med: 0.35 Max: 0.52
Current: 0.4

During the past 13 years, the highest Dividend Payout Ratio of Tata Consultancy Services was 0.52. The lowest was 0.32. And the median was 0.35.

NSE:TCS's Dividend Payout Ratio is ranked worse than
56.39% of 837 companies
in the Software industry
Industry Median: 0.35 vs NSE:TCS: 0.40

As of today (2024-04-23), the Dividend Yield % of Tata Consultancy Services is 1.32%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tata Consultancy Services was 2.72%. The lowest was 0.86%. And the median was 1.35%.

Tata Consultancy Services's Dividends per Share for the months ended in Mar. 2024 was ₹9.00.

During the past 12 months, Tata Consultancy Services's average Dividends Per Share Growth Rate was 10.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 20.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tata Consultancy Services was 58.70% per year. The lowest was 0.70% per year. And the median was 23.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Tata Consultancy Services Dividend Payout Ratio Historical Data

The historical data trend for Tata Consultancy Services's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tata Consultancy Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Dividend Payout Ratio

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0.52

0.33

0.35

0.40

Tata Consultancy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.26	0.80	0.29	0.28	0.26

Competitive Comparison

For the Information Technology Services subindustry, Tata Consultancy Services's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tata Consultancy Services Dividend Payout Ratio Distribution

For the Software industry and Technology sector, Tata Consultancy Services's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tata Consultancy Services's Dividend Payout Ratio falls into.

Tata Consultancy Services Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Tata Consultancy Services's Dividend Payout Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2024 )	/	EPS without NRI (A: Mar. 2024 )
	=	51	/	127.833
	=	0.40

Tata Consultancy Services's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	9	/	34.33
	=	0.26

Tata Consultancy Services (NSE:TCS) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Tata Consultancy Services Dividend Payout Ratio Related Terms

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Tata Consultancy Services (NSE:TCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tata Consultancy Services Ltd (NSE:TCS) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

532540:India

Address

Raveline Street, TCS House, Fort, Mumbai, MH, IND, 400001

Website

http://www.tcs.com

Tata Consultancy Services is a leading global IT services provider, with nearly 450,000 employees. Based in Mumbai, the India IT services firm leverages its offshore outsourcing model to derive half of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service, or BPaaS.