TATA STOCK: RS 16.7/SH DIVIDEND ANNOUNCED IN Q4 QUARTERLY RESULTS 2024; DO YOU OWN?

Tata Stock: A Tata Group company has announced a dividend of Rs 16.7 per share for its shareholders. This translates to a dividend payout of 167 per cent on a face value of Rs 10. The company under discussion is Tata Communications and it boasts a market cap of Rs 50,016.08 crore, as of Friday's closing price.

The company also announced its Q4 FY24 earnings scorecard as well.

Tata Communications Dividend 2024 Announcement

"...We would like to inform that the Board of Directors has recommended a final dividend of ₹16.70 per share (face value of ₹10 each) for the financial year ended March 31, 2024,” the company said via a regulatory filing.

A dividend is like a reward that a company gives to its shareholders for owning its stock. It's usually a portion of the company's profits that gets paid out regularly. Shareholders receive dividends as cash payments or additional shares of stock. It's a way for companies to share their success with the people who own part of the company.

Tata Communications Dividend 2024 Record Date, Payment Date

Tata Communications didn't inform about the record date in its latest filing. A record date is a day which enables a company to determine the eligibility of shareholders' participation in the next dividend. The company has however said that Rs 16.7 dividend will be paid to eligible shareholders after the Annual General Meeting.

"...This dividend, upon approval of the shareholders at the ensuing Annual General Meeting (AGM), shall be paid to eligible shareholders after its conclusion," the company said.

Tata Communications Q4 Results (Consolidated)

  • Revenue at Rs 5,691.7 crore vs Rs 5,633.3 crore QoQ
  • PAT at Rs 321.2 crore vs Rs 44.8 crore QoQ
  • EBITDA at Rs 1,056.3 crore vs Rs 1,134.3 crore QoQ
  • Margins at 18.6% vs 20.1% QoQ

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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2024-04-19T12:10:31Z dg43tfdfdgfd