Tata Motors Dividend: Tata Motors recommended a final dividend and a special dividend to its shareholders in the fourth quarter ended March 31, 2024. The company reported over three-fold jump in consolidated net profit at Rs 17,528.59 crore in the fourth quarter, riding with all its three auto businesses delivering a strong performance, specially the British arm Jaguar Land Rover. For the fiscal ended March 31, 2024, consolidated net profit was at Rs 31,806.75 crore as compared to Rs 2,689.87 crore in the previous fiscal, the company said. In FY24, total consolidated revenue from operations stood at Rs 4,37,927.77 crore as compared to Rs 3,45,966.97 crore in FY23.
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Tata Motors Dividend
The Board of Directors have recommended a final dividend of Rs 3 per ordinary share and Rs 3.10 per ‘A’ ordinary share and a special dividend of Rs 3 per ordinary share and Rs 3.10 per ‘A’ ordinary share subject to approval by the shareholders.
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Tata Motors Dividend Record Date
The company has fixed June 11 as the record date for the purpose of determining eligibility of the shareholders for the corporate action.
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Tata Motors Dividend History
| Ex-Date | Amount (Rs) |
| 11 June 2024 | 3 |
| 28 July 2023 | 2 |
| 18 July 2016 | 0.20 |
| 9 July 2014 | 2 |
Tata Motors Dividend Yield
The company has had a dividend yield of 0.31 per cent in the last 12 months at the current levels.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
