Tata Stock, Tata Chemicals Dividend 2024 Record Date: Tata Chemicals, a Tata stock, has announced to reward its investors by paying dividend. The Tata Group company has also fixed the dividend ex-date, record date and payment date.
As per a company statement, the board of Tata Chemicals has declared a dividend payment of 150 per cent on each stock.
A dividend is a cash reward that a company pays to its shareholders for their investment in the business. A dividend is always calculated and paid on the face value of each stock. The current face value of each stock of Tata Chemicals is Re 1. Accordingly, the 150 per cent dividend translates into a payout of Rs 15 on each stock.
“The Board of Directors had, at its meeting held on Monday, April 29, 2024, recommended a dividend of Rs 15 per ordinary share of Rs 10 each…,” the company said in a filing.
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Tata Chemicals Dividend 2024 Record Date
The board of Tata Chemicals has also fixed the record date for determining the eligibility of shareholders’ participation in the next dividend. Tata Chemicals dividend record dats is
“The Company has fixed Wednesday, June 12, 2024 as the Record Date for determining entitlement of Members to dividend for the financial year ended March 31, 2024,” the company said.
Tata Chemicals shares will tur ex-date on June 12 as per the T+1 settlement cycle.
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Tata Chemicals Dividend Payment Date
Tata Chemicals has also announced the dividend payment. The dividend will be paid to shareholders subject to their eligibility on the record date.
“The dividend will be paid subject to deduction of tax at source, on or after Friday, June 28, 2024,” the company said.
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Tata Chemicals Dividend History
According to BSE website, Tata Chemicals had paid a dividend of Rs 17.50 on each stock in June 2023. The Tata company rewarded its investors in June 2022 by distributing a dividend of Rs 12.50 on each stock. In 2021 and 2020, Tata Chemicals had paid Rs 10 and Rs 11, respectively, as dividend on each stock.
ata Chemicals is a constituent of S&P BSE 500. According to BSE analytics as on May 18, the Tata stock has delivered a positive return of 10 per cent in the last one year.
Tata Chemicals shares have a 52-week range of Rs 1,349.70 – Rs 933. The company has a market cap of Rs 27,525.14 crore as on May 18, according to BSE website.
