Logistic solutions provider, TCI Express, is set to recommend an interim dividend for FY24 along with announcing its Q2 results. The company, known for rewarding shareholders, currently trades near Rs 1,400 per share on BSE. The board is scheduled to meet on October 17, 2023, to approve Q2 results and consider interim dividends for the financial year 2023-24.
The record date for the dividend is October 26, 2023. In FY23, TCI paid a substantial dividend of 400%, amounting to Rs 8 per share. Since February 2017, TCI has declared 20 dividends. The company's focus is on express cargo distribution, particularly in the growing e-commerce sector.