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.
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.
"...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.
(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