Tata group company Nelco, Tata Power, Indian Hotels and Voltas going to give bumper dividend to investors
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Tata Power
Tata Power’s board of investors has recommended a dividend of Re 2 per equity share of Re 1 to stockholders for the financial year ending March 31, 2023. Its ex-dividend date is June 7. Let us tell you that the company has made good profits this time. Tata Power’s profit has increased by 48 percent to Rs 939 crore in the quarter ended March 31, 2022. Shares of Tata Power closed with gains on Thursday. There has been a good rally in the shares since morning.
Voltas
Tata Group’s company Voltas is also going to give dividend to the investors. The board of investors of Voltas has recommended a dividend of 425 per cent or Rs 4.25 per share for the year 2022-23. The stock is going to trade at Ex Dividend on 9th June 2023. However, the company’s profit declined in the March quarter. In the March 2023 quarter, the company’s net profit fell by 21.6 percent to Rs 143.23 crore. Shares of Voltas closed at Rs 826.80, up 5 points on Thursday.
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These companies will also give dividend
The board of investors of Tata group company Nelco has recommended a dividend of 20 per cent or Rs 2 per equity share to shareholders for the financial year 2022-23. The Annual General Meeting of the Company will be held on June 22, 2023. Its record date has been fixed on June 6. The company’s revenue during the quarter ending March 2023 has been 82.8 crores. Along with this, the Indian Hotels Company has also announced dividend to the investors. The Board of Investors of the company has declared a dividend of Re 1 per share for FY23. The stock has registered a growth of 65 per cent in the revenue for the quarter ended June 9, 2023 from Rs 3056.22 crore to Rs 5809.9 crore. Shares of Indian Hotels Company closed at Rs 395 on Thursday, up 1.36 per cent.
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