Rs 21/Share Dividend: Tata Stock Trading Ex-Dividend Next Week, Rallies 26% In 30-Days

Tata Group stock, Tata Communications Ltd on April 19, 2023 announced 210% dividend for the financial year ended March 31, 2023. Tata Communications share will trade ex-dividend on June 26, 2023. Tata Communications stock witnessed a declined of 4.17% in last 1-week. However, the stock rallied 26% in last 1-month and 28% in last 3-months. Check details below:

Tata Communications To Trade Ex-Dividend On June 26: Earlier this year on April 19 the company stated in the BSE filing, "Further, we would like to inform you that the Board of Directors has recommended a final dividend of ₹21.00 per share of the face value of Rs.10 each for the financial year ended March 31, 2023. This dividend, upon approval of the shareholders, shall be paid to eligible shareholders after conclusion of the ensuing Annual General Meeting." The stock is set to trade ex-dividend on June 26, 2023 for 210% dividend.

Tata Communications Stock Performance & Return: Last trading price of Tata Communications stock is Rs 1560.10 per share with intraday fall of 1.04% as of June 23, 2023 on BSE. The stock's 52-week high price is Rs 1673.95 per share and 52-week low price is Rs 890.75 per share, respectively. It has a market capitalisation of Rs 44,498.48 crore. Tata Communications share witnessed a rally of 29% in last 6-months, 73% return in last 1-year, 22% return in last 2-years, and 166% return in last 3-years. In last 5-years, Tata Communications stock surged 307%.

Tata Communications Ltd About: Tata Communications is a digital ecosystem enabler that powers today's fast-growing digital economy. It enables the digital transformation of enterprises globally, including 300 of the Fortune 500 - unlocking opportunities for businesses by enabling borderless growth, boosting product innovation and customer experience, improving productivity and efficiency, building agility and managing risk, according to its official website. The mid cap stock was incorporated in 1986 and operates in Telecommunication sector.

Disclaimer: The Tata Group stock will trade ex-dividend next week. Greynium Information Technologies, the Author, and the respective Brokerage House 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 taking any investment decision.