A ‘Dividend’ is usually defined as the distribution of a company’s earnings to its shareholders and is determined by its Board of Directors. Dividends are often been distributed once in three months and the mode of payment could be in cash or in the form of reinvestment in additional stocks of the company.
Moreover, an additional metric to note is the ‘Dividend Yield’ which is the dividend per share and is expressed as dividend/price as a percentage of a company’s share price.
Listed below are 4 Tata Group stocks that will be trading Ex-Dividend next week:
Nelco Limited
Nelco Limited, provider of solutions for the management of networking services, turnkey communication systems supply & integration, declared a Final dividend of Rs 2 equating to a 20 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 6th June 2023.
The company has a dividend yield of 0.32 percent. The company’s stock is currently trading at a price of Rs 615.80 and has a market capitalization of Rs 1,405 crores.
Tata Power Company Limited
Tata Power Company Limited, engaged in the process of generating, transmitting, distributing, and trading electricity within India and overseas, declared a Final dividend of Rs 2 equating to a 200 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 7th June 2023.
The company has a dividend yield of 0.92 percent. The company’s stock is currently trading at a price of Rs 214.95 and has a market capitalization of Rs 68,683 crores.
Indian Hotels Company Limited
Indian Hotels Company Limited, an Indian hospitality company including brands such as Taj, Vivanta, SeleQtions, and Ginger, declared a Final dividend of Rs 1 equating to a 100 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 9th June 2023.
The company has a dividend yield of 0.26 percent. The company’s stock is currently trading at a price of Rs 385.10 and has a market capitalization of Rs 54,713 crores.
Voltas Limited
Voltas Limited, one of India’s largest air conditioning companies providing engineering solutions in relation to heating, ventilation, and air conditioning, declared a Final dividend of
Rs 4.25 equating to a 425 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 9th June 2023.
The company has a dividend yield of 0.51 percent. The company’s stock is currently trading at a price of Rs 821.40 and has a market capitalization of Rs 27,170 crores.
Written by Amit Madnani
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