Shares of Tata Consumer Products Ltd. will whip up interest on Wednesday, as it marks the last session for investors to buy shares to qualify for receiving dividend before the stock goes ex/record-date.
The record date determines 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 Consumer Products' board announced a dividend of Rs 8.25 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as May 29.
The dividend will be paid on and from June 21 to those shareholders whose names appear in the register of members of the company as on the record date.
The company had issued a final dividend of Rs 7.75 apiece on May 24, 2024 and a dividend of Rs 8.45 on May 19, 2023.
Given India's T+1 settlement cycle, shares purchased on the record date (May 28 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by May 27 will be the beneficiaries.
The company's revenue rose 17% to Rs 4,608 crore for the fourth quarter of fiscal 2025 from Rs 3,927 crore for the same period last year. Its net profit surged to Rs 345 crore, denoting a 59% rise for the quarter under review from Rs 217 crore in the year-ago period.
Shares of Tata Consumer Product fell 1.63% to Rs 1,119.80 apiece on the National Stock Exchange, compared to a 0.17% decline in the benchmark Nifty. The stock has risen 2.83% in the last 12 months and 23.16% on a year-to-date basis.
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