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 3 Tata Group stocks that will be trading Ex-Dividend this month:
Tata Elxsi Limited:
Tata Elxsi Limited, a provider of design and technology services for the automotive, communications, healthcare, and other industries, declared a Final dividend of Rs 60.60 equating to a 606 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 22nd June 2023.
The company has a dividend yield of 0.78 percent. The company’s stock is currently trading at a price of Rs 7,790 and has a market capitalization of Rs 48,513 crores.
Tata Steel Limited:
Tata Steel Limited, a company engaged in the production as well as marketing of various steel products such as hot & cold-rolled steel, direct-coated steel, etc, declared a Final dividend of Rs 3.60 equating to a 360 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 22nd June 2023.
The company has a dividend yield of 3.16 percent. The company’s stock is currently trading at a price of Rs 114 and has a market capitalization of Rs 138,774 crores.
Tata Communications Limited:
Tata Communications Limited, a primary provider of national as well as international voice & data transmission, broadband services, and other value-added services, declared a Final dividend of Rs 21 equating to a 210 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 26th June 2023.
The company has a dividend yield of 1.28 percent. The company’s stock is currently trading at a price of Rs 1,628 and has a market capitalization of Rs 46,383 crores.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
