100% Dividend After 7 Years: Tata Group Stock Set To Trade Ex-Dividend This Week

Large cap Tata Group stock operating in Auto secotor, Tata Motors Ltd is set to trade ex-dividend this week on July 28. Last trading price of Tata Motors share is Rs 637.65 per share with intraday gain of 1.33%. Tata Motors stock soared 52% in last 6-months and 37% in last 1-year. Tata Motors declared dividend this year after a gap of nearly 7 years as its profit zoomed in financial year 2023. It declared previous dividend on July 18, 2016. Check details below:

Tata Motors To Trade Ex-Dividend On July 28: Tata Motors shares will go ex-dividend on July 28, 2023. The board of directors on May 12 recommended declaration of final dividend of Rs 2 per Ordinary Share of Rs 2 each (@100%) and Rs 2.10 per 'A' Ordinary Share of Rs 2 each (@105%) for the financial year ended March 31, 2023. The dividend, if declared at the AGM, shall be paid to the eligible shareholders from August 14, 2023 onwards."

Tata Motors Dividend History: Tata Motors declared 16 dividends since July 2002, according to Trendlyne. Tata Motors shares offer a dividend yield of 0.32% if the current share price of Rs 637.65 is taken into consideration.

Tata Motors Stock Performance & Return: Last trading price of Tata Motors share is Rs 637.65 apiece with gain of 1.33% at the time of writing this story on BSE. Its 52-week high price is quoted at Rs 640.50 per share and 52-week low price is Rs 375.50 per share, respectively. Its market capitalisation is Rs 2,11,818.52 crore. Tata Motors stock jumped 52%, offered 61% return YTD, rallied 41% in last 1-year, gave return of 115% in last 2-years, and offered maximum return of 514% in last 3-years.

Tata Motors Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 107, 509.28 crore, up 19.96% from preceding quarter total income of Rs 89,618.97 crore. It announced its recent quarter net profit after tax at Rs 5404.79 crore.

Tata Motors About: Tata Motors Group (Tata Motors) is a $37 billion organisation. It is a leading global automobile manufacturing company. Its diverse portfolio includes an extensive range of cars, sports utility vehicles, trucks, buses and defence vehicles. Tata Motors is one of India's largest OEMs offering an extensive range of integrated, smart and e-mobility solutions, according to its official website.

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