Tata Chemicals Sets Dividend Payout, Shares Go Ex-Dividend Today

Tata Chemicals shares trade ex-dividend today after a dividend declaration on April 29, coinciding with the announcement of their Q1 financial results, positioning shareholders for potential payouts.
Tata Chemicals Sets Dividend Payout, Shares Go Ex-Dividend Today

Tata Chemicals shares are poised to trade ex-dividend today, June 12, following a dividend announcement made on April 29. The Tata group company declared this alongside its financial results for the first quarter.

The company has proposed a generous 150% dividend, amounting to Rs 15 per share for FY 2023-24. This proposal awaits approval at the upcoming 85th Annual General Meeting (AGM), with a payout planned shortly thereafter.

The record date for Tata Chemicals’ dividend entitlement has been set for today, June 12. This date is crucial for shareholders to be eligible for the declared dividend.

Payment of the dividend is contingent on approval at the AGM, scheduled for distribution starting June 28, following necessary tax deductions. This follows a challenging fourth quarter for Tata Chemicals, which saw significant financial downturns.

Despite recent financial struggles, including a substantial net loss this quarter, Tata Chemicals remains a critical player in industries ranging from glass to crop protection, buoyed by its affiliation with the venerable Tata Group.

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