5 Tata Group Stocks That Will Go Ex-Dividend Soon

5 Leading Tata Group stocks will soon go ex-dividend in June. These stocks are Nelco Ltd, Tata Power Company Ltd, Indian Hotels Company, and Voltas. Check details below:

1. Nelco Ltd: Board of directors of the company recommended a dividend of Rs 2.00/- per Equity Share of Rs.10/- each (20%) to the shareholders for the Financial Year 2022-23 subject to the approval of the shareholders at the ensuing Annual General Meeting. The company has fixed the record date for dividend as June 6, 2023.
Current market price of Nelco Ltd is Rs 625.00 per share with intraday gain of 1.38%. Its market capitalisation is Rs 1,426.15 crore. Nelco share gave return of 5% in last 1-year and 192% in last 2-years.
The small cap Tata group company operates in Telecommunications sector.

2. Tata Power Company Ltd: The Board on May 4, 2023 has recommended a dividend of Rs 2 per Equity Share of Re 1 each (@ 200%) to the shareholders for the year ended 31st March 2023. The ex-dividend date is June 7, 2023.

Current market price of Tata Power share is Rs 214.30 per share with intraday gain of 0.33%. The mid cap Tata Group power sector company has a market capitalisation of Rs 68,476.13 crore. Tata Power stock declined 8% in last 1-year, gave return of 105% in last 2-years, and 442% in last 3-years.

3. Indian Hotels Company: Board of directors of the mid cap company recommended a dividend of Re 1/- per Equity Share of Re 1/- each fully paid up of the Company @ 100 % (previous year Re 0.40/- per Equity Share of Re 1/- each fully paid up @ 40%), subject to the approval of the Members at the forthcoming Annual General Meeting.

The ex-dividend date is June 9, 2023.

Current market price of Indian Hotels Company share is Rs 392.55 per share with intraday jump of 0.85%. The Tata Group company has a market capitalisation of Rs 55,757.82 crore. Indian Hotels Company share delivered return of 66% in last 1-year, 198% in last 2-years, and 381% in last 3-years.

4. Voltas Ltd: The board of directors have recommended Dividend of Rs.4.25 per share on face value of Re.1 per share (425%) for the year 2022-23 which shall be subject to approval of shareholders at the ensuing 69th Annual General Meeting of the Company. The Meeting of the Board of Directors commenced at 12.00 noon and concluded at 6.15 p.m."

The stock will go ex-dividend on June 9, 2023.

Voltas share price is Rs 827.80 per share with intraday jump of 0.72%. The large cap company has a market capitalisation of Rs 27,420.42 crore. Voltas share witnessed decline of 21% in last 1-year, 18% in last 2-years, and gave return of 53% in last 3-years.

5. Tata Chemicals: According to the BSE filing of the company, "Pursuant to Regulation 30 read with Schedule III Part A Para A of the Listing Regulations, the Board has recommended a dividend of Rs 17.50 per share i.e. 175% for the financial year 2022-23 subject to the approval of the shareholders at the ensuing 84th Annual General Meeting of the Company."

It will go ex-dividend on June 14, 2023.

Last trading price of Tata Chemicals is Rs 967.45 per share. Tata Chemicals share 52-week high price is Rs 1214.65 per share and 52-week low price is Rs 773.90 per share, respectively. It has a market capitalisation of Rs 24,684.61 crore. Tata Chemicals share delivered 2% return in last 1-year, 37% return in last 2-years, and 214% return in last 3-years.