3 Tata Group Stocks That Declares Dividend In April 2023; Check If You Own Any

In April, a number of stocks recommended dividends, from big ones to small ones, stocks across the sectors declared dividends. Among these, there were various Tata Group stocks. Here we have picked three Tata Group stocks from the Hotel sector that have recommended dividends for the financial year 2022-23. Check below to know more:

1. Indian Hotels Company Limited (IHCL)

Indian Hotels Company Limited (IHCL) on April 27, 2023, recommended a dividend of Rs 1 per equal share of Rs 1 each fully paid up of the company. IHCL is a midcap company having a market capitalisation of Rs. 48,165.78 crore.

The Board of Directors of the company said in an exchange filing, "Recommended a dividend of ₹ 1/- per Equity Share of ₹ 1/- each fully paid up of the Company @ 100 % (previous year ₹ 0.40/- per Equity Share of ₹ 1/- each fully paid up @ 40%), subject to the approval of the Members at the forthcoming Annual General Meeting."

It added, "Accordingly: i. the dividend payable on one Equity Share of ₹ 1/- each fully paid up will amount to ₹ 1/- (One rupee only). ii. the dividend payable on Hundred Equity Shares of ₹ 1/- each fully paid up will amount to ₹ 100/- (Rupees Hundred only)."

Stock Outlook & Returns

The stock of IHCL last traded at Rs. 358.70/share. The stock has given 5.78% positive return in 1 week, and 10.74% in 1 month, respectively. It has given a 43.34% positive return in 1 year. In 3 years it has given 390.7% positive return and 153.86% in the past 5 years, respectively.

2. Benares Hotels Ltd.

Benares Hotels Limited is a subsidiary of The Indian Hotels Company Limited (IHCL) that has also recommended a dividend on Wednesday, April 19, 2023. The company has recommended a dividend of Rs 200% i.e. Rs 20/share for the financial year 2022-23. It is a small-cap stock with a market capitalisation of Rs 471.91 crore.

Benares Hotels Ltd in an exchange filing has said, "Recommended a dividend of 200 % or Rs. 20/- per share on 13,00,000 Equity Shares of Rs.10/- each subject to approval of the Shareholders at the forthcoming Annual General Meeting of the Company."

Stock Outlook & Returns

The stock last traded at Rs 3,630.05/share on BSE. It has fallen 2.32% in 1 week and gained 10.67% in 1 month. It gained 76.99% in 1 year, 190.4% in 3 years, and 193.88% in 5 years, respectively.

3. Oriental Hotels Ltd. (OHL)

Oriental Hotels Ltd. (OHL) is the 3rd Tata Group stock on the list that has recommended a dividend in April on Thursday, 20 April 2023. The company has recommended a dividend of Rs 0.50 per equity share for the financial year 2022-23.

OHL was established under the technical and operational support of IHCL. OHL is a small-cap stock having a market capitalisation of Rs 1,682.40 crore.

Oriental Hotels Ltd. in an exchange filing has said, "Recommended a dividend of Rs.0.50 per equity share for the financial year ended March 31, 2023."

Stock Outlook and Returns

The stock of OHL last traded at Rs 94.20/share. It has given a 4.61% positive return in 1 week, 17.9% in 1 month and 39.76% in 3 months, respectively. It has gained 45.71% in 1 year. In the past 3 years, it has given a robust 459.05% positive return. Whereas, in 5 years, it has given 77.23% positive return.

Disclaimer - The above-mentioned information is purely informational. The article should be treated as informational and not an advisory to invest. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.