Dividend Paying Stocks: The shares of Tata Steel are going to convert into ex-dividend stock today as the Board of Directors of Tata Steel has fixed 16th June 2022 as the record date for final dividend payment. Board has already approved 51 Final Dividend per Equity Share for the financial year 2021-22. This 51 The final dividend, subject to the approval of the shareholders at the AGM of the Company, shall be paid on and from July 2, 2022. Today’s share price of Tata Steel is 997, after this final dividend payment, Tata Steel’s dividend yield will fall to around 5.11 per cent, which is huge.
information about Dividend Payout description, Tata Steel “The final dividend, if approved by the members of the company at the AGM, shall be paid on and from Saturday, July 2, 2022,” informed the Indian stock exchanges.
Here we list down 5 things that Tata Steel shareholders should know:
1]Tata Steel Final Dividend: The Board of Directors of Tata Steel has recommended a final dividend of 51 for the financial year 2021-22.
2]Tata Steel Last Dividend Record Date: The Board of Directors of Tata Steel has fixed 16 June 2022 as the record date for the final dividend payment.
3]Dividend Payment Date: Tata Steel has informed Indian Exchanges that the final dividend of 51, if approved, will be paid on and from July 2, 2022.
4[ Tata Steel AGM: This final dividend of ₹51 is subject to approval of the shareholders and board of directors at the Annual General Meeting (AGM) scheduled on 28th June 2022.
5] Tata Steel Dividend Yield: tata steel share price today 997 and the last declared dividend is 51. Hence, the annual dividend yield of Tata Steel is around 5.11 per cent [(51/997)x100],