Rs 28/Sh Dividend Soon: Tata's NBFC Turns Rs 50K Investment To Rs 20,49,835 Corpus; Big Update Issued

 

Although, sharply down from its all-time high levels since late March, Tata Investment stock has still rallied by 51% on BSE. In a year, the stock emerges as a multibagger with gains of 176%. While in 5 years, the stock is up by 633%. 

But this NBFC stock zoomed by a whopping 3,999.67% on BSE. They were merely at Rs 156.67 apiece on July 14, 1995. If an investor had infused Rs 50,000 in Tata Investment in July 1995, then their corpus is now Rs 20,49,835. The return on Rs 50,000 investment is nearly Rs 20 lakh

Currently, Tata Investment's share is at Rs 6,422.95 apiece on BSE with a market cap of Rs 32,497.11 crore. The stock's 52-week high and low are at Rs 9,744.40 and Rs 2,230.05 apiece respectively. 

As per BSE data, the stock has a price-to-equity ratio of 207.06x, while its return on equity (RoE) is at 2.19%. 


The company has announced a key update on its upcoming dividend rewards for FY24. Tata Investment holds a strong track record of paying hefty dividends.

As per the regulatory filing, the company said, the Register of Members and the Share Transfer Books of the Company will remain closed from Wednesday, June 19, 2024 to Wednesday, June 26, 2024 (both days inclusive) for taking record of the Members of the Company for the purpose of the 87th Annual General Meeting (AGM) and payment of dividend subject to tax deducted at source, if approved by the Members of the Company at the AGM.

Accordingly, the company added, the dividend, if approved by the members at the ensuing AGM will be paid on or after Wednesday, July 10, 2024. 

Tata Investment is set to pay a Dividend of Rs. 28/- per Equity Share of Rs.10/- each (280%) for the Financial Year ended March 31, 2024. The stock will turn ex-dividend on June 18.

In 2023, Tata Investment paid a dividend of Rs 48 per share, followed by its all-time high dividend payout of Rs 55 per share in 2022. As per Trendlyne data, Tata Investment has delivered up to 28 dividends since September 2000. Its data showed that in two decades, Tata Investment has delivered a total of whopping Rs 401.1 dividend per share to its shareholders. 

Apart from dividend payout, Tata Investment has carried 1 bonus issue. The company issued 1 bonus share on the existing 2 shares with an ex-date in August 2005. 

Tata Investment funds a diversified portfolio of quoted and unquoted securities of companies, including Tata Companies, which are engaged in various businesses with a history of strong operating and financial performance. 

Tata Investment's FY24 revenue surged to Rs 383.12 crore compared to Rs 277.16 crore in FY23. In the fiscal 2023-24, PAT surged to Rs 384.96 crore, also higher from Rs 251.75 crore in FY23.



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