Dividends Updates: 6 Big Tata Stocks Set To Recommend Dividends, Don’t Miss Key Dates

Six leading Tata Group companies are expected to recommend dividend for shareholders and give a boost to their wealth. These companies are Tata Consumer Products, Tata Investment Corporation, Tata Consultancy Services, Tata Elxsi, Tata Communications Limited, and Benares Hotels. Some of these companies have already offered multibagger returns to investors. It is worth mentioning that Tata Investment Corporation offered highest return in last 1 year at 251% and TCS has the highest market capitalisation among these stocks. More details about dividend below:

1. Tata Consumer Products Ltd: The Board of Tata Consumer will meet on April 23 to recommend final dividend, if any. As per the BSE filing of the company, "a meeting of the Board of Directors of the Company has been scheduled on Tuesday, April 23, 2024, inter alia to consider the following matters, among others:

1. Approval of the audited standalone and consolidated financial results of the Company for the quarter and financial year ending on March 31, 2024, and to take on record the Reports of the Auditors thereon.

2. Recommendation of final dividend, if any, on the Company's equity shares for the financial year ending on March 31, 2024, for the approval of the shareholders at the ensuing 61st Annual General Meeting of the Company."

Current market price of Tata Consumer Products Ltd share on BSE is Rs 1145.35 per share. Tata Consumer Products shares offered return of 59% in last 1-month and gained 433% in last 5-years. The market cap is Rs 1,09,132 crore.

2. Tata Investment Corporation Ltd: The company informed via its BSE filing on April 10, "a meeting of the Board of Directors of the Company will be held on Wednesday, April 24, 2024, inter alia, to consider and approve:

i. The Audited Standalone and Consolidated financial results of the Company for the financial year ended March 31, 2024;

ii. Recommendation of dividend, if any, on the equity shares of the Company for the financial year ended March 31, 2024."

Last trading price of Tata Investment Corporation Ltd shares on BSE is Rs 7000 per share with intraday gain of 1.36%. Its market capitalisation is Rs 35,416.71 crore. Tata Investment Corporation shares gave return of 118% in last 6-months only and zoomed 251% in last 1-year.

3. TCS To Consider Dividend, Result: TCS on March 29 informed through its BSE filing about the meeting of Board of Directors that would take place on April 12, 2024.

4. Tata Elxsi Will Consider Financial Results Along With Dividend: According to the exchange filing of Tata Elxsi issued today, "Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of Tata Elxsi Limited ('the Company') will be held on Tuesday, April 23, 2024, inter alia, to consider:

1. The Audited Financial Results of the Company for the quarter and year ended March 31, 2024

2. Recommend dividend if any, on the equity shares of the Company for FY 2023-24."

Last trading price of Tata Elxsi share on BSE is Rs 7820.30 per share with intraday fall of 0.47%. The company's market capitalisation is Rs 48,702.04 crore. Tata Elxsi shares fell 11% YTD and gave return of 23% in last 1-year. In last 5-years, Tata Elxsi stock gave eye-popping returns of 713%.

5. Tata Communications: As per the BSE filing of the company, "it is hereby informed that, a Meeting of the Board of Directors of Tata Communications Limited ("the Company") is scheduled to be held on Wednesday, April 17, 2024 to inter alia consider, approve and take on record the Standalone and Consolidated Audited Financial Results along with the Reports of Statutory Auditors thereon for the financial year ended March 31, 2024 and to recommend dividend, if any, for the financial year ended March 31, 2024."

Last trading price of Tata Communications Ltd share on BSE is Rs 1958.05 per share with intraday fall of 0.65%. The company's market cap is Rs 55,804.43 crore. In last 1-year, Tata Communications shares gave return of 55% and soared 425% in last 1-year. However, in last 1-week Tata Communications share declined over 5%.

6. Benares Hotels Plans To Recommend Dividend: As per the regulatory filing of the company dated April 10, 2024, "a Meeting of the Board of Directors of the Company is scheduled to be held on Friday April, 19, 2024, inter-alia, to take on record the Audited Financial Results of the Company for the quarter/ year ended March 31, 2024 and to recommend a final dividend, if any, on the equity shares of the Company for the financial year ended March 31, 2024 for the approval of the shareholders at the ensuing Annual General Meeting."

Last trading price of Benares Hotels share on BSE is Rs 8736.00 per share with intraday gain of 0.91%. The company has a market capitalisation of Rs 1135.68 crore. The hotel stock fell over 5% year-to-date and soared by massive 167% in last 1-year. In last 3-years, Benares Hotels shares zoomed by 585%

Disclaimer:

The stocks highlight the dividend and are not recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.