Tata Stock, Rs 16.70 dividend: Ex-date, Record date today - DETAILS

tata stock, rs 16.70 dividend: tata communications limited ex-date, record date today - details

Tata Communications Dividend 2024: Tata Communications Limited has announced a 167 per cent dividend payment on each stock for the financial year 2023-24. A dividend is a company's reward to its investors for their investment in the business. It is paid in cash from earnings.

Tata Communications Share Price

Shares of Tata Communications Limited closed in red on Friday at Rs 1856 apiece. The scrip registered a high of Rs 1883.90 and a low of Rs 1842.10. More than 3.43 lakh equity shares changed hands on the last trading day.

Tata Communications Dividend 2024 Amount

A dividend is always calculated and paid on the face value of each stock. Accordingly, a 167 per cent dividend translates into Rs 16.70 per equity share on the face value of Re 10.

"The Board of Directors has recommended a final dividend of Rs 16.70 per share (face value of Rs 10 each) for the financial year ended March 31, 2024," the company said in an exchange filing.

Tata Communications Dividend 2024 Ex-Date

Tata Communications Limited has set July 1 as the ex-date for the final dividend for the fiscal year 2023-24.

Tata Communications Dividend 2024 Record Date

Tata Communications Limited has fixed July 1 as the record date for determining the eligibility of shareholders' participation in the next dividend or corporate action.

Tata Communications Dividend 2024 Payment Date

"This dividend, upon approval of the shareholders at the ensuing Annual General Meeting (AGM), shall be paid to eligible shareholders after its conclusion," the company said in a regulatory filing.

Tata Communications Share Price History

Tata Communications Limited is a component of the BSE 200. According to the BSE analytics (as of June 30), shares of Tata Communications Limited rose by 0.51 per cent and 3.17 per cent in the last 1 week and 2 weeks, respectively. On a YTD basis, shares of Tata Company gained by 4.96 per cent. In the past 1 year, 2 years, 3 years, 5 years, and 10 years, shares of the telecom company up by 17.20 per cent, 100.33 per cent, 43.85 per cent, 498.62 per cent, and 664.16 per cent, respectively.

Tata Communications Dividend History

Last year, Tata Communications Limited paid a dividend of Rs 21 in June. In 2020, 2021, and 2022, the Tata Company announced a dividend of Rs 4, Rs 14, and Rs 20.70, respectively.

Tata Communications Dividend Yield

At the current market price, the dividend yield of Tata Communications Limited is 0.90 per cent.