Tata Motors Dividend: Last Day To Buy Shares To Qualify — Details Here
Shares of Tata Motors Ltd. will be of interest on Tuesday as it 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 Motor's board announced a final dividend of Rs 6 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 4.
The dividend will be paid on and from June 24 to those shareholders whose names appear in the register of members of the company as on the record date.
The total amount to be disbursed as dividend is around Rs 2,208 crore. Retail investors who own up to 20.05% stake will receive a sum total of Rs 442 crore.
In comparison, the company had issued a final dividend of Rs 3 and special dividend of Rs 3 apiece on June 11, 2024. In 2023, the company had allotted a final dividend of Rs 2.
Given India's T+1 settlement cycle, shares purchased on the record date (June 4 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 3 will be the beneficiaries.
Tata Motors Q4 Performance
Tata Motors reported a 51.3% decrease in consolidated net profit to Rs 8,470 crore for the quarter ended March 31. This exceeded the Rs 7,662-crore forecast by analysts monitored by Bloomberg. Notably, the company had a one-time tax benefit in the fourth quarter of last year, due to Jaguar Land Rover.
In the company's segment-wise performance, Jaguar Land Rover's revenue went down 1.7% year-on-year to £7.7 billion. Passenger vehicle revenue decreased 13.1% year-on-year to Rs 12,500 crore. Commercial vehicle revenue also reduced 0.5% year-on-year amounting to Rs 21,500 crore.
The Tata Motors Group also turned net auto cash positive in fiscal 2025, with net cash balance of Rs 1,000 crore.
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