Shares of Tata Steel Ltd. will be of interest on Thursday, 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 Steel's board announced a final dividend of Rs 3.60 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 6.
The dividend will be paid five days from the date of the annual general meeting. Given India's T+1 settlement cycle, shares purchased on the record date (June 6 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 5 will be the beneficiaries.
The total value of the dividend to be disbursed amounts to around Rs 4,494 crore. Retail investors who own up to 18.1% stake will receive a total of Rs 813 crore.
In comparison, the company had issued a final dividend of Rs 3.60 on June 21, 2024, and June 22, 2023.
Tata Steel's Q4 Performance
Tata Steel's net profit rose four-fold sequentially in the fourth quarter of the financial year 2025, thereby surpassing the estimates shared by analysts.
The steelmaker posted a consolidated bottom line of Rs 1,300 crore, as compared to Rs 326.64 crore in the preceding quarter. This is higher as compared to the consensus estimate of Rs 1,160.4 crore of the analysts tracked by Bloomberg.
One of the reasons boosting Tata Steel's bottom line is the lower tax expense incurred in the March quarter. The company's total tax expense came in at Rs 998 crore, lower by 27.5% as compared to Rs 1,376 crore in the December quarter.
In terms of topline, a 4.8% sequential growth was recorded during the quarter under review. The company posted revenue of Rs 56,218 crore, as compared to Rs 53,648 crore in the quarter ended December.
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