On May 10, 2024 , Tata Motors announced a Dividend of Rs 6 per share which includes a Final Dividend of Rs 3/sh & a Special Dividend of Rs 3 /sh. A Special dividend, by a company indicates  the market that its financials are sound and has good growth prospects. Tata Motors announced special dividend as they posted a record increase in their consolidated Net Profit for the Q4Fy2023 as well as for the whole FY 23-24 .

Record & Payment Date

The Record date of the dividend is on 11 June, 2024 while the Payment date of the dividend is by 28 June, 2024.

Anybody who wants to get the dividend must purchase the shares on/before June 11, 2024 to get themselves resister in the record of the eligible receivers of the dividend.

The persons who bought the shares solely for the purpose of dividend can sell the shares on the record date i.e. on 11/06/2024 and still they will be eligible to receive the dividend as their name would have been registered on 10/06/2024.
It is to be noted that on the record date , the share price of TATA MOTORS may fall by the dividend amount i.e it will fall by Rs 6 in the opening session to adjust its price to ex-dividend.

So investors are adviced to make their decision wisely.

READ MORE : Avanti Feeds up 12% ,announces dividend f Rs 6.75 per sh.

Disclaimer:
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.