Tata Group Stock Turns Ex-Dividend Today, Pay Rs 51/Share

Tata Steel shares turn ex-dividend today, rise 3%

TeknikalRaman Finance & Business POSTED BY: Ranjeet Kumar PUBLISHED: Jun 15, 22

Tata Steel Dividend: Tata Steel's stock will go ex-dividend on Wednesday, as the company's board of directors has set June 15, 2022

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POINT TO BE NOTED FOR INVESTORS

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Recommended a dividend of Rs. 51 per fully paid-up Ordinary Share of Rs 10/- each

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(510 percent) to the shareholders of the Company for the Financial Year ended March 31, 2022

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Furthermore, the dividend will be paid in proportion to the amount paid-up on outstanding partly paid-up

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Ordinary Shares of the Company on which call money remains unpaid as of the date of book closure for the dividend payment

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The company has a strong dividend track record, having declared dividends on a consistent basis for the past five years.

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If we consider the current share price of Rs 1023.70 a share, the dividend yield is 4.99 percent.

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Tata Steel has grown to become one of Europe's major steel makers, with a crude steel capacity of approximately 12.4 MnTPA

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IF YOU WANT TO KNOW MORE ABOUT TATA HIDDEN STOCK

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