Tata Elxsi sets June 25 as record date for dividend; payout likely next month

Tata Group company, Tata Elxsi, has set June 25, 2024, as the record date to decide the eligibility of the shareholders for the dividend payout. The company announced its biggest-ever dividend of ₹70 per equity share for the financial year 2023-24 during its Q4 result announcement.

To be eligible for the dividend payout investors should have Tata Elxsi shares in their demat on or before 24 June 2024.

The company said the dividend payout of ₹70 per share will be made next month. If it gets the go ahead from shareholders, the dividend will be paid from July 16, 2024 or later. The current dividend yield of Tata Elxsi is 0.86%. In the previous fiscal year, the company paid a dividend of ₹60.60 per share

Tata Elxsi dividend history

Tata Elxsi, the leading design and technology company from the Tata Group, provides services to the automotive, broadcast, communications, healthcare, and transportation sectors. It has consistently paid dividends to its shareholders over the years.

Below is a summary of the last six dividends the company has paid over the past five years:

Tata Elxsi shares ended 0.78% higher at ₹7,143 apiece in today’s trading session. The shares of the ₹44,141 crore market value company surged more than 700% in the last five years and skyrocketed by over 2400% in the past decade. However, its shares fell 18.76% YTD while dropping by over 9.6% year-on-year.

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