Tata chemicals dividend

The board of Tata Chemicals Limited ( Tata Chemicals' Dividend Is Well Covered By Earnings A big dividend yield for a few years doesn't mean much if it can't be sustained. However, Tata Chemicals' earnings easily cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to fall by 3.9% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 21%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future. NSEI:TATACHEM Historic Dividend June 2nd 2023 Tata Chemicals Has A Solid Track Record The company has an extended history of paying stable dividends. The annual payment during the last 10 years was ₹10.00 in 2013, and the most recent fiscal year payment was ₹17.50. This works out to be a compound annual growth rate (CAGR) of approximately 5.8% a year over that time. The dividend has been growing very nicely for a number of years, and has given its shareholders some nice income in their portfolios. The Dividend Looks Likely To Grow The company's investors will be pleased to have been receiving dividend income for some time. It's encouraging to see that Tata Chemicals has been growing its earnings per share at 13% a year over the past five years. With a decent amount of growth and a low payout ratio, we think this bodes well for Tata Chemicals' prospects of growing its divide...

Tata Chemicals' share price fell on June 14 morning as the stock traded ex-divided. At 10.45 am, the stock was quoting at Rs 979 on the National Stock Exchange, down 2 percent from the previous close. The ex-dividend date is usually the working day prior to the record date. Investors who held the Tata Chemical stock before June 14 are eligible for the payout. The Tata Group company declared a final dividend of Rs 17.5 per share, aggregating to 175 percent of the face value, for FY23, which is 40 percent higher than the FY22 dividend. Follow our live blog for all the market action Tata Chemicals has also slashed soda ash prices, a negative trigger for the stock. On June 13, popular detergent maker Nirma revised its soda ash prices downwards by Rs 2,000 a tonne. Following this, Tata Chemicals reportedly cut its price by Rs 2,300, pointing to a pricing war. Centrum Broking said these companies are passing on the benefit of a drop in coal prices but the move will their operating profit or EBITDA. Tata Chemicals had in April cut soda ash prices by 3-4 percent after the fall in Chinese prices amid an unexpected supply glut from the Inner Mongolia region. The speciality chemicals company on May 3 reported a 62 percent year-on-year growth in consolidated profit at Rs 709 crore for the March quarter of FY23, driven by healthy operating performance and strong growth in topline. Consolidated revenue from operations at Rs 4,407 crore grew 26.6 percent from the year-ago period, with th...

Canara Bank share price NSE Canara Bank Ltd, NSE: CANBK shares ended on Wednesday at Rs 304.5, up by 0.53 per cent on NSE. Tata Chemicals dividend record date 2023 Tata Chemicals, in May, announced a dividend of Rs 17.5 per equity share with a face value of Rs 10 (175 per cent). The payout and record date for the same will be decided after the approval of the shareholders at the 84th Annual General Meeting of the Tata group firm. The 84th Annual General Meeting of the company will be held on Monday, June 26, 2023. Tata Chemicals dividend history Source: NSE Tata Chemicals share price NSE Tata Chemicals Ltd, NSE: TATACHEM shares on Wednesday ended at Rs 978.6, down by 0.40 per cent on NSE. Share price: Past performance Canara Bank share price history Canara Bank's stock has given a positive return of nearly 60 per cent in the last 12 months (from June 14, 2022). In comparison, the headline index Nifty 50 has rallied nearly 19 per cent. Tata Chemicals share price history Tata Chemicals' stock has given a positive return of over 10 per cent in the last 12 months (from June 14, 2022). In comparison, the headline index Nifty 50 has rallied nearly 19 per cent. Catch latest minute-by-minute Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube. zeenews.india.com understands that y...

Also Read: Stocks to Watch: Adani Group, Tata Motors, M&M, Airtel, Reliance Ind, IndiGo It is essential for investors to be aware of the corporate actions ahead of the market opening. Tata Chemicals ₹17.5 per equity share, aggregating to 175% of the face value, for the financial year 2022-23. During Q4FY23, the company’s consolidated net profit rose 61.87% YoY to ₹709 crore from ₹438 crore, YoY. Its consolidated revenue from operations increased 26.60% YoY to ₹4,407 crore from ₹3,481 crore, YoY. Also Read: Day trading guide for today: Six buy or sell stocks for Wednesday- June 14 Canara Bank The state-run lender had approved a dividend of ₹12 per equity share, i.e., 120% of face value of ₹10 each to the shareholders for the year 2022-23. Shankara Building Products ₹2.5 per equity share. Catch Live Market Updates here

In terms of technicals, the relative strength index (RSI) of the stock stands at 58.4, signaling the stock is neither oversold nor overbought. Tata Chemicals has a one-year beta of 1, indicating high volatility during the period. Tata Chemicals shares are trading lower than the 5 day, 20 day, 50 day, 100 day and 200 day moving averages. On the outlook of the stock, Abhijeet from Tips2trades said, "Tata Chemicals looks bearish on the Daily charts with strong resistance at Rs 1009. A daily close below support of Rs 957 could lead to target of Rs 920 in the near term." Gaurav Bissa, VP, InCred Equities said, "Tata Chemicals witnessed a strong upside from lows made in 2020. However, it has been trading in a range from October 2021 with major supports at Rs 780 and major hurdle at Rs 1160. The stock is also trading in a small triangle pattern on the daily charts with recent rejection seen from triangle hurdle placed at Rs 1020 levels. The stock is seen bouncing support from its 89ema on the weekly charts which it has not broken since 2020 on closing basis. The market participants who have already bought can hold with stop loss placed at Rs 930 whereas fresh buying is advised after triangle breakout is confirmed above Rs 1020 levels." The dividend is subject to the shareholders' approval at the company's 84th Annual General Meeting (AGM), scheduled to be held on June 26, 2023. The Board of Directors of Tata Chemicals recommended the dividend for the financial year 2022-23 during...

Tata Chemicals Limited ( The company's next dividend payment will be ₹17.50 per share. Last year, in total, the company distributed ₹17.50 to shareholders. Based on the last year's worth of payments, Tata Chemicals stock has a trailing yield of around 1.8% on the current share price of ₹985.95. If you buy this business for its dividend, you should have an idea of whether Tata Chemicals's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Tata Chemicals paid out just 19% of its profit last year, which we think is conservatively low and leaves plenty of margin for unexpected circumstances. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. The good news is it paid out just 23% of its free cash flow in the last year. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. Click NSEI:TATACHEM Historic Dividend June 10th 2023 Have Earnings And Dividends Been Growing? Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. Investors l...