Tata Stock Below Rs 120 Offering 360% Dividend, To Turn Ex-Dividend Next Week

Board of directors of Tata Steel Ltd on May 2, 2023 announced a dividend of Rs 3.60 per share and stock is all set to turn ex-dividend on June 22, 2023. Last trading price of Tata Steel Ltd as of June 16, 2023 is Rs 114.25 per share on BSE. The large cap stock has delivered investors a return of 27% in last 1-year span. Check details below:

Tata Steel Ltd Declared 360% Dividend: As per the BSE filing of Tata Steel Ltd, "recommended a dividend of Rs 3.60 per Ordinary (Equity) Share of ₹1/- each (360%) to the shareholders of the Company for the FY2022-23."

Dividend Yield: If the current market price of Rs 114.25 is taken into consideration, it has a dividend yield of 3.15%

Tata Steel Ltd Stock Performance & Return: Last trading price of Tata Steel share is Rs 114.25 with intraday gain of 0.48%. Its 52-week high price is Rs 124.30 per share and 52-week low price is Rs 82.71 per share, respectively. Its market capitalisation is Rs 1,39,612.45 crore. In last 3-months, Tata Steel stock offered return of 9%, fell 4% YTD, surged 3% in last 6-months, and gave return of 270% in last 3-years.

Tata Steel Ltd Financial Outlook: The steel maker on May 2 declared a decline of 82.5% in its net profit at Rs 1705 crore for the quarter ending March 31, 2023 as a result of declining demand in Europe and weak steel prices. It announced its net profit at Rs 9,756 crore in the year ago period. It announced its revenue from operations declined nearly 9% at Rs 62,962 crore for Q4 FY2023 as against Rs 69,324 crore announced in Q4 FY2022.

Tata Steel About: Established in Jamshedpur (Jharkhand, India) in 1907, the Company took shape from the vision of its founder Jamsetji Nusserwanji Tata and is today one of the world's most geographically diversified steel producers with operations and commercial presence across the world, as per its official website.

Disclaimer:The stock will trade ex-dividend next week. 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 taking any investment decision.