The “Dividend Yield” is one of the well-known metrics that measure the quantum of dividends paid out to stakeholders relative to the market value on a per-share basis. The same is computed by dividing the dividend per share by the market price per share
Listed below are two stocks from the Tata universe that have a dividend yield of more than 2 percent:
Tata Steel Limited
The shares of Tata Steel Limited started their trading session today at Rs 116.70 and currently trade at Rs 116.50, slipping around 0.10 percent compared to the previous closing levels of Rs 116.60 apiece. It has a market capitalization of Rs 1,42,380 crores.
Having a look at the dividend history, the company, during FY22-23, paid out a total dividend of Rs 3.60 per share which equates to a dividend yield of 3.09 percent.
Tata Steel Limited is a company based in India that is engaged in the production as well as marketing of various steel products. The company’s product portfolio is broadly classified into two segments, i.e., construction products and flat products.
Tata Investment Corporation Limited
The shares of Tata Investment Corporation Limited started their trading session today at Rs 2,379.90 and currently trade at Rs 2,364.15, slipping around 0.40 percent compared to the previous closing levels of Rs 2,373.05 apiece. It has a market capitalization of Rs 11,942 crores.
Having a look at the dividend history, the company, during FY22-23, paid out a total dividend of Rs 48 per share which equates to a dividend yield of 2.03 percent.
Tata Investment Corporation Limited is an Indian company that invests in a diversified portfolio of quoted as well as unquoted securities of companies engaged in various businesses. The company also invests in bonds, units of mutual funds, venture capital funds, etc. Dividend and interest income form the primary sources of income for the company.
Written by Amit Madnani
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