Tata Motors dividend: Board to consider first dividend in over six years today

Tata Motors dividend announcement 2023, Tata Motors dividend 2023 date, Tata Motors dividend history: Tata Motors' board is scheduled to meet today, May 12 to consider a payout for the financial year ended March 31, 2023 to its shareholders. If a dividend is approved, it would be the first dividend announcement by the auto major since FY16. The company had announced a dividend of Re 0.20 per equity share in 2016. 

"We hereby inform that the Board of Directors of Tata Motors Limited ('the Company') at its Board Meeting scheduled to be held on Friday, May 12, 2023 will consider. inter alia, the proposal of recommending declaration of a dividend on the Ordinary Shares and 'A' Ordinary Shares of the Company for the financial year ended March 31 , 2023, for approval of the shareholders at the forthcoming 78th Annual General Meeting of the Company," the company's filing said. 

Tata Motors dividend history

(Source: NSE)

Tata Motors share price NSE, Tata Motors share price history 

Tata Motors Ltd Fully Paid Ord. Shrs, NSE: TATAMOTORS shares on Thursday traded flat at Rs 507, up by 0.49 per cent or Rs 2.5 on NSE. Tata Motors shares have gained around 31 per cent on NSE in the last year (May 11, 2022), a period in which headline index Nifty 50 has given a positive return of 13 per cent. 

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