This Small Cap Tata Group Stock Is Paying Final Dividend, To Go Ex-Dividend Next Week

Investors seeking income and value should think about purchasing shares of businesses that trade at fair prices and have a history of increasing dividends over extended periods of time. Tata Metaliks Ltd, a small cap Tata Group has recently declared a final dividend. The company maintains a good track record of dividends. In the June quarter, Tata Metaliks Ltd.'s net profit dropped significantly to Rs. 1.22 crore, primarily due to rising expenses. In a regulatory statement, the business stated that it had a net profit of Rs 94.72 crore for the April-June financial quarter of the fiscal year 2021-22.

Tata Metaliks - 80% Final Dividend

The Board of Directors of Tata Metaliks Limited at its meeting held on April 22, 2022, has declared a final dividend of 80% amounting to Rs 8 per share for the year ending March 2022.

The Board of Directors of Tata Metaliks Ltd in its filling to NSE & BSE stated, "Recommended a dividend of Rs. 8/- per Equity Share of Rs. 10.00/- each (80%) to the shareholders of the Company for the Financial Year ended March 31, 2022. The dividend recommended by the Board of the Company is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company and will be paid as per applicable guidelines."

Ex-Dividend Date - The declared final dividend is to go ex-dividend next week on 20 July 2022. The company is yet to announce the record date.

Tata Metaliks Dividend History

Tata Metaliks Ltd has a rich history of dividend payout for the past 21 years. It has maintained a good dividend track report and has consistently declared dividends for the last 21 years. The company first declared in June 2001. Since 2001, it has declared 16 dividends, which include 15 final and 1 interim dividend. For the year ending March 2022, the company declared an equity dividend of 80%. At the current share price of Rs 705.70, this results in a dividend yield of 1.13%.

 

Tata Metaliks Stock Performance

Today, the stock of Tata Metaliks closed at Rs. 705.70 per share. It was opened at Rs 641.35 per share. The stock on 17 June 2022, hit the 52 week low level at Rs 617.35 per share while the 52-week high is Rs 1,364.20 per share recorded on 30 July 2021. The stock's CMP is about Rs 68.35 above its 52-week lows. It is trading Rs 658.5 below its 52-week high level.

In the last 1 week, the stock gained 1.07%, and 1.06% in 1 month, respectively. In the past 1 year, the stock has fallen 43.31% and 5.39% in 5 years, respectively. In the last 3 years, the stock gained 21.16%.

About - Tata Metaliks Limited

A subsidiary of Tata Steel, Tata Metaliks has its state-of-the-art manufacturing plant at Kharagpur, West Bengal, India which produces the finest quality of pig iron and ductile iron pipes in India. The plant's annual hot metal production capacity is 500,000 tonnes out of which 200,000 tonnes are converted into Ductile Iron (DI) pipes and 300,000 tonnes into pig iron.

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