Tata Steel Ltd recommends dividend of Rs. 51

The Board of Directors ('Board') of Tata Steel Limited ('Company') at its meeting held today, i.e., May 3, 2022, has recommended a dividend of ₹51 per fully paid-up Ordinary Share of ₹10/- each (510%) to the shareholders of the Company for the Financial Year ended March 31, 2022. Further, in respect of the outstanding partly paid-up Ordinary Shares of the Company on which call money remains unpaid as on the date of book closure for the dividend payment, the dividend will be paid in proportion to the amount paid-up on such shares, i.e., ₹12.75 per partly paid-up Ordinary Share of ₹10/- each (paid-up ₹2.504 per share) (510%).

The dividend recommended by the Board of Directors of the Company is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company scheduled to be held on Tuesday, June 28, 2022.

The dividend, if approved by the shareholders at the AGM, will be paid, subject to deduction of tax at source, on and from June 30, 2022.

Shares of Tata Steel Limited was last trading in BSE at Rs. 1295.10 as compared to the previous close of Rs. 1271.70. The total number of shares traded during the day was 458759 in over 16757 trades.

The stock hit an intraday high of Rs. 1302.70 and intraday low of 1248.75. The net turnover during the day was Rs. 586272673.00.

Source : Equity Bulls

Keywords

TataSteel INE081A01012 Dividend FY2022