Tata Chemicals Dividend: Last Day To Buy Shares To Qualify — Details Here
Tata Chemicals' board announced a final dividend of Rs 11 per share for financial year 2025.
Shares of Tata Chemicals Ltd. will be of interest on Wednesday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex-record date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Tata Chemicals' board announced a final dividend of Rs 11 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 12. The total value of the dividend to be disbursed amounts to around Rs 382 crore.
The dividend will be paid within five days of the annual general meeting.
Given India's T+1 settlement cycle, shares purchased on the record date (June 12 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 11 will be the beneficiaries.
In comparison, the company had paid a total dividend of Rs 15 in the previous financial year, while on June 14, 2023, it paid a final dividend of Rs 17.50.
Tata Chemicals' consolidated net loss narrowed sharply to Rs 56 crore in the quarter ended March 2025, as compared to Rs 850 crore in the year-ago period.
Despite narrowing its net loss on a yearly basis, the Tata Group company has missed the analysts' projection. The consensus estimate of analysts tracked by Bloomberg was of Rs 74-crore net profit.
The soda ash manufacturer's revenue during the quarter under review rose by 1% to Rs 3,509 crore, as against Rs 3,475 crore in the year-ago quarter.
