Tata Motors recommends a final dividend of 300% per on ordinary share

Tata Motors recommends a final dividend of 300% per on ordinary share

For Tata Motors, the board of directors has recommended a final dividend of Rs 6 or 300% per ordinary share of face value of Rs 2 each for the financial year ended March 31, 20241. Additionally, a dividend of Rs 6.20 per ‘A’ ordinary share of Rs 2 each was announced. The dividend, if declared, is expected to be paid before June 28, 2024. In the case of Tata Group’s FMCG arm, an equity dividend of 845% was declared for the year ending March 2023, which translates to Rs 8.45 per share, at a face value of Re 12.

The announcements are subject to approval at the company’s annual general meeting and may change.