Tata Group Stocks These Shares To Trade Ex-Dividend Next Week Do You Own Any; Lottery to investors! Blank crisp notes to hand, do you have these stocks…
X-Dividend means the day before the record date fixed for the dividend. Next week, four companies namely Nelco, Voltas, Indian Hotels and Tata Power will trade ex-dividend. In such a case if you have shares of these Tata group companies in your portfolio, you will get bumper profits. Let us know in detail about the dividend of these Tata group companies as below.
Tata Power Share Dividend
Tata Power’s Board of Investors had recommended a dividend of Rs 1 per equity share of Rs 2 to shareholders for the financial year ending March 31, 2023. The ex-dividend date of this dividend is June 7. The company’s profit rose 48% to Rs 939 crore in the last quarter. Shares of Tata Power closed in the green in Thursday’s session.
Voltas
Tata group company Volta will also pay dividends to investors. Voltas’ board of investors has recommended a dividend of 425% or Rs 4.25 per share for 2022-23 and the stock will trade ex-dividend on June 9, 2023. Meanwhile, Kamp’s net profit fell 21.6% to Rs 143.23 crore in the March quarter. Also on Thursday, the share of Voltas rose by 5 points to close at Rs 826.80.
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Dividends of Tata companies
The board of investors of Tata group company Nelco has recommended a dividend of 20% or Rs 2 per equity share to shareholders for the financial year 2022-23. The annual general meeting of the company will be held on June 22, 2023 and the dividend record date has been fixed on June 6. The company’s revenue for the quarter ended March 2023 is 82.8 crores.
Along with this, Indian Hotels Company has also declared dividend to the investors. The company’s board of investors declared a dividend of Rs 1 per share for FY2023 and the stock reported a 65% increase in revenue as of June 9, 2023 from Rs 3056.22 crore to Rs 5809.9 crore. The stock of Indian Hotels Company closed at Rs 395, up 1.36% on Thursday.
