Tata Communications Ltd Announces 210% Dividend, Stock to Trade Ex-Dividend on June 26

Rajesh
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Tata Communications Ltd, a leading digital ecosystem enabler, recently made an exciting announcement for its shareholders. On April 19, 2023, the company declared a generous 210% dividend for the financial year that ended on March 31, 2023. This decision was revealed in a filing with the Bombay Stock Exchange (BSE).

Tata Communications Ltd Announces 210% Dividend, Stock to Trade Ex-Dividend on June 26

The statement released by Tata Communications Ltd stated, "Further, we would like to inform you that 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."

For investors eagerly awaiting this dividend, mark your calendars! Tata Communications stock is scheduled to trade ex-dividend on June 26, 2023. This means that investors who purchase the stock on or after this date will not be eligible to receive the dividend.

Let's take a closer look at the recent performance of Tata Communications stock. As of June 23, 2023, the last trading price of the stock stood at Rs 1560.10 per share, representing a 1.04% intraday fall on the BSE. Over the past year, the stock has experienced fluctuations, with a 52-week high of Rs 1673.95 per share and a 52-week low of Rs 890.75 per share.

Tata Communications Ltd currently boasts a market capitalization of Rs 44,498.48 crore, solidifying its position as a mid-cap stock in the Telecommunication sector. In terms of returns, the stock has demonstrated impressive growth over various timeframes. Over the past six months, Tata Communications shares have rallied by 29%, while over the past year, investors enjoyed a remarkable 73% return. Looking further back, the stock recorded a 22% return in the last two years and an impressive 166% return in the last three years. Furthermore, over the past five years, Tata Communications stock has surged by an astounding 307%.

Tata Communications operates as a key player in the digital transformation of global enterprises. With its comprehensive suite of services, the company empowers businesses worldwide, including 300 of the Fortune 500 companies. Tata Communications enables borderless growth, enhances product innovation, and improves customer experience. Additionally, it helps organizations boost productivity and efficiency, build agility, and manage risk, as highlighted on its official website.

It's important to note that while this article provides valuable information about Tata Communications and its stock performance, it is crucial for investors to conduct thorough research and seek advice from certified experts before making any investment decisions. The author, Greynium Information Technologies, and the respective brokerage house hold no liability for any losses incurred as a result of relying solely on the information presented here.

In conclusion, Tata Communications Ltd has announced an impressive 210% dividend for the financial year ended March 31, 2023. The stock will trade ex-dividend on June 26, 2023. With its strong performance and significant returns over the years, Tata Communications continues to be an intriguing investment opportunity in the Telecommunication sector.

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