Multibagger Tata Group Stock Set To Pay 750% Dividend, Here Is The Ex-Dividend Date

Tata Group Company Titan is all set pay an equity dividend of 750% amounting to Rs 7.50 per share despite a decline of 7.2% in its consolidated net profit for the fourth quarter ending March 31, 2022. Despite a decline in its net profit brokerage firms are bullish on Titan Company stock and expect a potential 22% gain in the stock. Check other key details pertaining to dividend payment and ex-dividend date of Titan Company Limited:

1. Titan Company Limited to pay 750% dividend

The Board of directors of Titan Company have stated in their BSE filing dated May 3, 2022, "The Board has recommended a Dividend of~ 7.50 per Equity Share of~ 1 each of the Company which shall be paid/dispatched on or after the seventh day from the conclusion of the 38th Annual General Meeting subject to the approval of the shareholders of the Company.

Ex-Dividend Date: The ex-dividend date of the stock is July 8, 2022.

2. Titan Company Limited Stock Outlook

The current market price at the time of writing the report is Rs 1935 apiece. The stock has hit its 52-week level at Rs 2768 apiece and 52-week low at Rs 1396 apiece. The PE of the stock is 79.10 which is higher than the sector PE of 72.70. The EPS is 24.48. When peer comparison was done, Titan Company's PE is found to be highest.

Mulitbagger Returns: The stock has given multibagger returns in the last 5 years. It has given a positive return of 270% in 5 years while 13.1% returns in one year.

3. Titan Company Limited Stock Dividend History

Titan Company has a great dividend track record and declared dividend in the last 5 years without fail. According to its current price of Rs 1935 apiece, the dividend yield is turning out to be 0.39%. The company has been declaring final dividend since 2003 with highest dividend declared this year at Rs 7.50 per share. Titan is a Rakesh Jhunjhunwala's portfolio stock. According to reports, Rakesh Jhunjhunwala and his wife are set to earn Rs 38 crore when Titan will pay the dividend.

4. Titan Company Limited Company Overview

The company has beaten its 3-year revenue CAGR (compound annual growth rate). The company's annual revenue growth of 33% outperformed its 3 year CAGR of 13.16. The company's total income surged by 4.25% to Rs 7,872 crore for the quarter ending March 31, 2022 against Rs 7,551 crore in the previous quarter ending March 31, 2022.

5. About Titan Company Limited Company

Titan Company Limited (Titan) is a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO). It initiated its operations in 1984 under the name Titan Watches Limited. Titan is the fifth largest integrated own brand watch manufacturer in the world. Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across different product categories.

The market capitalization of Titan Company is Rs 170,903 crore.