Dividend stocks: Tata Chemicals shares trade ex-dividend

Tata Chemicals dividend 2024, Dividend stock: Tata Chemicals shares traded ex-dividend on Wednesday, June 12. On April 29, the Tata group firm announced a dividend along with its financial results for the January-March period. Tata Chemicals shares closed at Rs 1,123.85, up 2.5 per cent on NSE.

Tata Chemicals dividend 

Tata Chemicals recommended a dividend of Rs 15 per share i.e. a 150 per cent payout for the financial year 2023-24.

"The Board has recommended a dividend of ₹ 15 per share i.e. 150 % for the financial year 2023-24. The dividend, if approved by the members at the ensuing 85th Annual General Meeting (AGM) of the Company, will be paid (subject to deduction of tax at source) within five days of the AGM," according to a regulatory filing dated April 29. 

Tata Chemicals dividend 2024 record date 

Tata Chemicals has fixed Wednesday, June 12 as the record date for determining entitlement of Members to dividend for the financial year ended March 31, 2024.

Tata Chemicals dividend 2024 payment date: When will the dividend be paid? 

The dividend, if declared at AGM, will be paid subject to deduction of tax at source, on or after Friday, June 28.

Tata Chemicals Q4 results 

Tata Chemicals Ltd on Monday reported a net loss of Rs 818 crore in the fourth quarter ended March 31, 2024 on Lower income and provision of loss on account of exceptional items of Rs 963 crore in the UK business. It had posted a net profit of Rs 694 crore in the year-ago period.

The consolidated profit after tax (before exceptional items and Non-Controlling Interest) from continuing operations declined to Rs 145 crore in the fourth quarter of the last fiscal, as compared to Rs 694 crore in the corresponding period of the preceding year, according to a regulatory filing. 

Read more on Tata Chemicals Q4 earnings 

Tata Chemicals dividend history 

Tata Chemicals has declared an equity dividend amounting to Rs 17.5 per share. in the past 12 months, according to stock research portal Trendlyne. 

What does Tata Chemicals do?

A part of the USD 150 billion Tata Group, Tata Chemicals Ltd, is a leading supplier of choice to glass, detergent, industrial and chemical sectors. The company has a strong position in the crop protection business through its subsidiary company, Rallis India.

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