4 Tata Group Stocks That Recommended Dividend In April; Check If You Own Any

In April 2023, four Tata Group stocks recommended dividends for the financial year ended 2022-23. These four stocks are Tata Consultancy Services (TCS), Tata Communications, Oriental Hotels, and Benares Hotels. TCS is a large-cap stock, while Tata Communications is a Midcap stock. Oriental Hotels and Benares Hotels are two small-cap stocks of the hospitality sector operating under the Indian Hotel Company Ltd, a Tata Group hospitality sector company.

1. Tata Consultancy Services (TCS)

Tata Group's IT services major Tata Consultancy Services Ltd. (TCS) has recommended a final dividend of Rs 24/share for the financial year 2022-23.

"the Directors have recommended a Final Dividend of ₹24 per Equity Share of ₹1 each of the Company which shall be paid/dispatched on the fourth day from the conclusion of the 28th Annual General Meeting, subject to approval of the shareholders of the Company," TCS said in an exchange filing.

The record date for the recommended dividend will be announced in due course.

On Friday, TCS shares closed 1.81% higher at Rs 3,160.85 apiece on NSE. The stock declined 0.88% in 1 week. It has fallen 12.89% in 1 year. It has given 81.9% in 3 years and 85.8% in 5 years, respectively.

2. Tata Communications

Tata Communications on April 19, 2023, recommended a final dividend of Rs 21 per share of the face value of Rs 10 each for the financial year ended March 31, 2023.

Tata Communications in its exchange filing has said, "the Board of Directors has recommended a final dividend of ₹21.00 per share of the face value of Rs.10 each for the financial year ended March 31, 2023. This dividend, upon approval of the shareholders, shall be paid to eligible shareholders after conclusion of the ensuing Annual General Meeting."

On Friday, Tata Communications stock gained 0.70% compared to its previous close and closed at Rs 1,240.90 apiece on NSE. It has fallen 1.99% in 1 week. It has fallen 3.21% in 1 year. It has given 238.67% positive return in 3 years and 97.16% in 5 years, respectively.

3. Oriental Hotels

On Thursday, 20 April 2023, Oriental Hotels held a Board meeting and recommended a dividend of Rs 0.50 per equity share for the financial year 2022-23.

"Recommended a dividend of Rs.0.50 per equity share for the financial year ended March 31, 2023," Oriental Hotels said in its regulatory filing.

On Friday, Oriental Hotels stock closed 0.59% high at Rs 84.85 apiece on NSE. The stock gained 29.84% in 1 year. In 3 years, it gave 371.39% positive return and in 5 years, it has given 55.83% return, respectively.

4. Benares Hotels

On Wednesday, April 19, 2023, Benares Hotels Ltd. held a meeting where it recommended a dividend of 200% i.e. Rs 20 per equity share.

"Recommended a dividend of 200 % or Rs. 20/- per share on 13,00,000 Equity Shares of Rs.10/- each subject to approval of the Shareholders at the forthcoming Annual General Meeting of the Company," Beneras Hotels said in an exchange filing.

On Friday, the shares of Benares Hotels closed 0.51% lower at Rs 3,602.15 apiece on BSE. The stock gained 10.84% in 1 week. It has given a positive return of 52.8% in 1 year and 184.05% in 3 years, and 183.98% in 5 years, respectively.

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