TCI Express Ltd Dividend 2024 Record Date, Share Price, History

News: TCI Express Ltd, a prominent player in the transport and logistics industry, has recently made an exciting announcement regarding dividends. In this article, we’ll delve into the details of TCI Express’s dividend history, the upcoming record date, and its impact on shareholders.

What Are Dividends?

Before we dive into the specifics, let’s understand what dividends are. Dividends are a portion of a company’s profits that it distributes to its shareholders. It’s like a little bonus for being a part-owner of the company. Investors eagerly await dividend announcements as they directly impact their returns.

TCI Express’s Dividend History

For the financial year ending March 2023, TCI Express declared an equity dividend of 400.00%, which translates to Rs 8 per share. This means that if you own TCI Express shares, you’ll receive Rs 8 for each share you hold. Not bad, right?

The Record Date

Now, let’s talk about the record date. This is a crucial date for dividend distribution. The record date determines who gets the dividend. If you own TCI Express shares on or before the record date, congratulations! You’re eligible to receive the dividend. For TCI Express, the record date for the 2024 dividend is Tuesday, February 20, 2024.

Share Price Impact

Investors often wonder how dividends affect share prices. Well, when a company announces dividends, it’s a sign of financial health and confidence. Shareholders appreciate this gesture, and it can positively influence the stock price. However, keep in mind that dividends don’t directly cause share prices to skyrocket. Other factors, such as market conditions and company performance, also play a role.

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About TCI Express Ltd :

TCI Express Ltd, formerly known as TCI XPS, is a leading player in the transport and logistics industry. Let’s explore more about this dynamic company:

TCI Express: Delivering Excellence

• What They Do: TCI Express specializes in express cargo services. They offer both domestic and international courier services using road, rail, and air transportation. Additionally, they provide value-added services to meet diverse logistics needs.
• Global Reach: Whether it’s within India or across the world, TCI Express ensures timely delivery. Their services cover surface express, domestic air express, international air express, reverse express, and e-commerce logistics.
• Customer-Centric Approach: TCI Express has built a strong reputation for trust and integrity. With over two decades of experience, they prioritize customer satisfaction. Their commitment to excellence extends to society, customers, vendors, employees, shareholders, and the entire transport industry.
• Impressive Infrastructure:
  • 28 Sorting Stations: Ensuring efficient handling of shipments.
  • 73+ Air Gateways: Facilitating seamless air transport.
  • 5000 Express Support Vehicles: Ready to hit the roads.
  • 60000+ Locations: Extensive coverage across the country.
  • 3500+ Committed Professionals: A dedicated team.
  • 766 Districts Covered: Reaching far and wide.

Testimonials from Clients

Here’s what some of their clients have to say:

• Accounts Head, Belmark Industries: “TCIEXPRESS is a leading company in India and easily understands customer requirements. Their infrastructure ensures good services.”
• Asst Manager Logistics, Toyo Ink India Pvt. Ltd.: “Fabulous surface service which we have received till now and hoping the same in the future.”

TCI Express’s dividend announcement is great news for shareholders. If you’re invested in TCI Express, mark your calendar for the record date and get ready to receive your dividend. 

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