Tata Group Jewellery Stock To Trade Ex-Dividend For 1000% Dividend

Tata Group stock from the Gems & Jewellery sector, Titan Company Limited will trade ex-dividend for 1000% dividend on July 13, 2023. The current market price of Titan Company share is Rs 3037.85 apiece with intraday decline of 0.35% on BSE. In last 1-year, Titan Company shares delivered return of 56%. Check details below:

Titan Company Shares To Go Ex-Dividend On July 13, 2023: According to the BSE filing of the company dated May 3, 2023, "The Board has recommended a Dividend of Rs 10.00 per Equity Share of Rs 1 each of the Company which shall be paid/dispatched on or after the seventh day from the conclusion of the 39th Annual General Meeting subject to approval of the shareholders of the Company. Pursuant to the Finance Act, 2020, with effect from 1 st April 2020, the Dividend Distribution Tax is abolished and dividend income is taxable in the hands of the shareholders. In view of the same, the dividend payments will be subject to deduction of tax at source, as may be applicable."

At the current share price of Rs 3042.50 per share is taken into consideration, it offers a dividend yield of 0.33%.

Titan Company Stock Performance & Return: Current market price of Titan Company stock is Rs 3037.85 per share with intraday fall of 0.35%. Its 52-week high price is Rs 3067.70 per share and 52-week low price is Rs 1827.15 per share, respectively. The large cap company has a market capitalisation is Rs 2,69,696.12 crore. Titan Company shares jumped 20% in last 3-months, 18% YTD, gave 73% return in last 2-years, and 202% return in last 3-years. In last 5-years, Titan Company stock jumped 239%.

Titan Company Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 10,474.00 crore, down 10.46% from last quarter total income of Rs 11,698.00 crore. It announced its net profit after tax at Rs 736.00 crore in the latest quarter.

Titan Company About: Titan Company Limited (Titan), a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), commenced its operations in 1984 under the name Titan Watches Limited. Titan is the fifth largest integrated own brand watch manufacturer in the world. Titan is widely known for transforming the watch and jewellery industry in India and for shaping India's retail market by pioneering experiential retail, according to its official website.

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