The shares of Tata Motors are in focus today as they are trading ex-date for the dividend today. Check share price target.
Tata Motors has fixed June 11 as the record date by the company for the dividends.The company has announced a 300 per cent dividend i.e. Rs 6 per equity share with a face value of Rs 2 each. This comprises Rs 3 normal dividend and a Rs 3 special dividend.
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Tata Motors Dividend 2024 Payment Date
According to the company, the payment of the dividend amount will be made on or before June 28.
Tata Motors Share Price
At 10.20 AM of 11th June, Tata Motors was trading at Rs 989.60, marking a 1.49% increase today.
Shares of Tata Motors has closed in green at Rs 974.80 apiece, up by 0.44 per cent. The scrip registered a high of Rs 984.90 and a low of Rs 969.10. More than 92.59 lakh equity shares changed hands during the day. The stock had fallen 6.90 per cent in the past one month. Despite the said drop, it has climbed 23.29 per cent on a year-to-date (YTD) basis.
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Tata Motors Dividend 2024 Amount
Tata Motors DVR has announced a 310 per cent dividend payment on each stock for FY24. This translates into a dividend of Rs 6.2 per equity share on the face value of Rs 2 each. Of these, Rs 3.10 is the normal dividend and Rs 3.10 is the special dividend.
“…recommended a final dividend of ₹6.00 per Ordinary Share of the face value of ₹2 each (i.e.,@ 300%) (comprising of ₹3.00 normal dividend and ₹3.00 special dividend) and ₹6.20 per ‘A’ Ordinary Share of the face value ₹2 each (i.e.,@ 310%) (comprising of ₹3.10 normal dividend and ₹3.10 special dividend) for the financial year ended March 31, 2024,” the Ratan Tata-backed company said in a statement.
Tata Motors Dividend 2024 Ex-Date
Both companies have set June 11 as the ex-date for the dividends.
Tata Motors Dividend 2024 Record Date
June 11 has been fixed as the record date by the company for the dividends.
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Tata Motors Dividend 2024 Payment Date
According to the company, the payment of the dividend amount will be made on or before June 28.
Tata Motors Dividend History
Last year, Tata Motors paid a dividend of Rs 2 in July. The company paid its first dividend of Rs 2 in July 2014. Back in 2016, Tata Motors had paid a dividend of Rs 0.20 on each stock.
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Tata Motors Share Price Target
According to the Zee Business expert, Buy Tata Motors shares for a target of Rs 1,250 with a perspective of 12 months
Kotak Institutional Equities said It maintained an ‘Add’ rating on the Tata Motors stock with an unchanged fair value of Rs1,100
