Dividend Stock: Tata Elxsi to Pay Rs. 60 per Share as Dividend
Tata Elxsi Ltd, a subsidiary of the Tata Group, has announced a dividend of Rs. 60 per share to its investors. The company has also declared the record date for the dividend, which is this week. On Friday, the company’s share price closed at Rs. 7,614.55, down 2.21% from the previous day.
Tata Elxsi Ltd Dividend Record Date
As per the company’s announcement, eligible investors will receive a dividend of 606% on a face value of Rs. 10 per share. The record date for this dividend has been fixed as June 22, 2023. On the same day, the company will also trade ex-dividend. It is worth noting that the dividend will amount to Rs. 60.60 per share.
Tata Elxsi Ltd Share Performance
Over the past month, Tata Group’s subsidiary has seen its share price rise by more than 8%. Meanwhile, investors who bet on the company’s shares six months ago have gained nearly 20% on their investment. The company’s 52-week high and low are Rs. 10,760 and Rs. 5,709.05 per share, respectively.
With this decision, Tata Elxsi Ltd has joined a growing list of Indian companies that have announced dividends in recent weeks. This move will likely attract more investors and help the company maintain its positive momentum in the stock market.
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