Dividend stock: This Tata group firm may announce dividend soon; shares have grown 250% in 5 years

Tata Communications Q4 results date, Tata Communications dividend: The board of Tata Communications is set to meet on Wednesday, April 17 to recommend a dividend if any, along with its financial results for the fourth and final quarter of the financial year 2023-24. 

The Tata group-backed telecom firms' regulatory filing dated April 8 said, "It is hereby informed that a Meeting of the Board of Directors of Tata Communications Limited (“the Company”) is scheduled to be held on Wednesday, April 17, 2024 to inter alia consider, approve and take on record the Standalone and Consolidated Audited Financial Results along with the Reports of Statutory Auditors thereon for the financial year ended March 31, 2024 and to recommend dividend, if any, for the financial year ended March 31, 2024."

The telecom player through another filing informed that the earnings call for the quarter and financial year ended March 31, is slated on Thursday, April 18 via webinar. 

Tata Communications dividend history

Tata Communications has declared 25 dividends since August 31, 2000, as per data available on Trendlyne. In the past 12 months, Tata Communications has declared an equity dividend amounting to Rs 21 per share. At the current share levels, Tata Communications' dividend yield stands at 1.07 per cent. 

Tata Communications share price history

The Tata Communications stock has gained over 55 per cent in last one year, outperforming a rally of 28 per cent in Nifty50. In 5 years, the stock has given multi-bagger returns to the tune of nearly 250 per cent. 

Tata Communications Q3 results: How did the company fare in Q3?

Tata Communications posted an 88.6 per cent drop in its third-quarter net profit to Rs 44.81 crore. The company posted revenue from operations at Rs 5,633.26 crore in October-December 2023.

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