Tata Dividend Stock: 320% cash reward declared; record date fixed

 

Tata Dividend Stock: A Tata Group company has announced a dividend payout of 320 per cent on the face value of Re 1. The company's share price is currently trading around Rs 4,300 apiece. Check company's name and dividend amount.

Tata Dividend Stock: Trent Ltd. is the operator of Westside and Zudio fashion retail chains. (Image: iStock/ET NOW New)

Tata Dividend Stock: A Tata Group company which operates popular fashion retail chains Westside and Zudio has announced a dividend payout of 320 per cent on the face value of Re 1. This translates to a dividend of Rs 3.20 per equity share.
"The Board of Directors at its meeting held on 29th April 2024, has declared a final Dividend of Rs, 3.2 per equity share aggregating Rs. 113.76 crores," said the company in a stock exchange filing on April 29, 2024.
The company under discussion is none other than Trent Ltd. Trent is one of the leading players in the branded retail industry in India. Trent Ltd was originally incorporated as Lakme Ltd. on December 5, 1952. Lakme was in the business of manufacturing, sale and export of cosmetics, toiletries and perfumery products.
Apart from fashion and lifestyle retail chains, Trent also operates department stores, hypermarkets, supermarkets and specialty stores. Its product offerings include clothes, footwear, cosmetics, perfumes, handbags, household furniture, and accessories.
The company under discussion is none other than Trent Ltd. Trent is one of the leading players in the branded retail industry in India. Trent Ltd was originally incorporated as Lakme Ltd. on December 5, 1952. Lakme was in the business of manufacturing, sale and export of cosmetics, toiletries and perfumery products.
Apart from fashion and lifestyle retail chains, Trent also operates department stores, hypermarkets, supermarkets and specialty stores. Its product offerings include clothes, footwear, cosmetics, perfumes, handbags, household furniture, and accessories.

Trent Dividend 2024 Payment date

Trent has also fixed a payment date for the same.
"The Dividend, if approved, shall be paid on or after the second day from the conclusion of the 72nd Annual General Meeting," said the company."...such Dividend will be paid on or after 14th June 2024 to those Members entitled thereto," the company added.

Trent Dividend History

Trent has paid dividend total 5 times, excluding the recently-announced one. In May 2023, the retail chain operator declared dividend of Rs 2.20. In 2022, it paid Rs 0.60 in February, and Rs 1.10 in May. In 2021, the Tata Group company paid Rs 0.60 and in 2020, it paid Re 1.
At the current market price, Trent's dividend yield stands at 0.074 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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