Tata Chemicals shares will be in focus today, June 12, as they go ex-dividend.
Dividend Announcement:
- Tata Chemicals’ Board of Directors has announced a final dividend of ₹15 per share for the financial year 2024.
- June 12 is the record date to determine eligible shareholders for this dividend.
Ex-Dividend Date:
- Tata Chemicals shares will trade ex-dividend today, June 12.
- On Tuesday, Tata Chemicals shares closed at ₹1,111.50, up by ₹25.15 or 2.32% on the BSE.
Official Statement:
- In a stock exchange filing, Tata Chemicals stated: “The Board recommended a dividend of ₹15 per share on April 29, 2024, subject to shareholder approval at the 85th AGM.”
- The company fixed June 12, 2024, as the record date for determining eligibility for the dividend.
- If approved at the AGM, the dividend will be paid, after tax deductions, on or after June 28, 2024.
Q4 Earnings:
- For the fourth quarter ending March 31, 2024, Tata Chemicals reported a net loss of ₹818 crore, compared to a net profit of ₹694 crore in the same period last year.
- The Q4 loss was due to lower income and a provision of ₹963 crore for exceptional items in the UK business.
- Consolidated profit after tax (excluding exceptional items) fell to ₹145 crore from ₹694 crore the previous year.
- Total income for Q4 dropped to ₹3,589 crore from ₹4,482 crore last year.
- For the full fiscal year 2024, profit after tax fell 82% to ₹449 crore, mainly due to exceptional item losses and lower income.
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