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 by the end of this month:
Tata Coffee Limited
Tata Coffee Limited, a plantation company engaged in the production, trading, & distribution of coffee, and other allied products, declared a Final dividend of Rs 3 equating to a 300 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 15th May 2023.
The company has a dividend yield of 1.31 percent. The company’s stock is currently trading at a price of Rs 230 and has a market capitalization of Rs 4,292 crores.
Tata Consumer Products Limited
Tata Consumer Products Limited, a manufacturer and supplier of consumer food and beverages, declared a Final dividend of Rs 8.45 equating to a 845 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 19th May 2023.
The company has a dividend yield of 1.07 percent. The company’s stock is currently trading at a price of Rs 789 and has a market capitalization of Rs 73,294 crores.
Trent Limited
Trent Limited, operating a chain of retail stores offering various brands across menswear, women’s wear, footwear, etc, declared a Final dividend of Rs 2.20 equating to a 220 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 25th May 2023.
The company has a dividend yield of 0.15 percent. The company’s stock is currently trading at a price of Rs 1,471 and has a market capitalization of Rs 52,261 crores.
Rallis India Limited
Rallis India Limited, a manufacturer and seller of crop protection products, plant growth nutrients, seeds, and agriculture-related services, declared a Final dividend of Rs 2.50 equating to a 250 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 30th May 2023.
The company has a dividend yield of 1.32 percent. The company’s stock is currently trading at a price of Rs 189 and has a market capitalization of Rs 3,683 crores.
Written by Amit Madnani
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