Rs 15 Dividend: Tata Chemicals Stock To Trade Ex-Dividend Soon, Check Share Price Target

Mid cap Tata Group company, Tata Chemicals shares will trade ex-dividend on June 12 for dividend of Rs 15/- per Ordinary Share of Rs 10/- each (150%) for the Financial Year ended March 31, 2024. Current market price of Tata Chemicals share on BSE is Rs 1055.30 per share as on June 7, 2024. Life Insurance Corporation Of India (LIC) has 9.88% stake in Tata Chemicals with 25,163,816 shares. Tata Chemicals has a market capitalisation of Rs 26,884.43 crore. Tata Chemicals shares offered return of 291% in last 5-years but declined by 20% in last 3-months. Check details below:

Tata Chemicals's Europe Arm Fined £1.1 Million By UK Court: Earlier this month on June 7 Tata Chemical's subsidiary Tata Chemicals Europe was fined £1.1 million by the Chester Crown Court in the United Kingdom. The fine was pertaining to the safety incident that took place way back in 2016 leading to injury and subsequent unexpected death of a contractor.

Tata Chemicals Dividend: Tata Chemicals on April 29, 2024 recommended a dividend of Rs 15/- per Ordinary Share of Rs 10/- each (150%) for the Financial Year ended March 31, 2024, subject to the approval of shareholders at the ensuing 85th Annual General Meeting.

Tata Chemicals Sets Record Date For Dividend: Tata Chemicals on May 17, 2024 issued yet another BSE filing and fixed Wednesday, June 12, 2024 as the Record Date for determining entitlement of Members to dividend for the financial year ended March 31, 2024. The dividend, if declared by the Members at the ensuing AGM, will be paid subject to deduction of tax at source, on or after Friday, June 28, 2024.

Tata Chemicals Issues Date Of AGM: The 85th Annual General Meeting ('AGM') of the Company will be held on Wednesday, June 26, 2024 at 3.00 p.m. (IST) through Video Conferencing/Other Audio-Visual Means.

How To Become Eligible For Tata Chemicals Dividend? Record date remains crucial role in determining eligibility of shareholders for receiving dividend. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. Tata Chemicals set June 12, 2024 as the record date for first interim dividend.

Tata Chemicals Dividend History: Tata Chemicals declared 27 dividends since June 14, 2001. In last 1-year, Tata Chemicals declared an equity dividend amounting to Rs 17.50 per share. At the current share price of Rs 1055.30 per share, Tata Chemicals has a dividend yield of 1.66%.

Tata Chemicals Share Performance: The 52-week high price of Tata Chemicals share on BSE is Rs 1349.70 per share (as on 07/03/2024) and 52-week low price is Rs 927.25 per share (as on 29/02/2024), respectively. Tata Chemicals shares fell over 5% year-to-date, gave return of 6% in last 1-year, soared 12% in last 2-years, and offered gain of 41% in last 3-years.

Should You Buy Or Sell Tata Chemicals? Leading brokerage firm Morgan Stanley sought to downgrade chemical stocks such as SRF, Aarti Industries and Tata Chemicals as the speciality chemicals sector is yet to come out of the woods. Morgan Stanley issued underweight call on Tata Chemicals. Earlier, the analyst has "equalweight" rating on Tata Chemicals. The analyst sought to slash the target price of Tata Chemicals to Rs 843 per share from Rs 904 per share. Meanwhile, out of 8 analysts who have been tracking Tata Chemicals shares, 7 have recommended sell call.

About: Tata Chemicals is a science-led company with a portfolio that covers basic and specialty chemistry products. The story of the company is about harnessing the fruits of science for goals that go beyond business. The history of Tata Chemicals can be traced to the Okhamandal Salt Works set up in 1927, according to the official website.

Disclaimer:

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