Tata Motors, which ranked third among carmaker companies due to its whole business, made an announcement about the distribution of dividends to shareholders. After 7 years, Tata Motors is re-mentioning its name on the list of dividend-paying companies because of the profit the company earned in fiscal 2023.
The company has announced Rs. 2 per ordinary share and 2.1 per A class share. Tata Sons will get more benefit from this as there are 44% of total shares of Tata Sons. Thus, it will get the total amount of Rs. 298 Crore as a dividend. But compared to Tata Consultancy Services, the rate of dividend is very low. TCS is offering Rs. 113 per share.
Though, looking at the last dividend, Tata Motar had given 30 Paise for A class share and 20 Paise for ordinary share, this year's dividend is way too good and shareholders are really happy about this.
The performance of Tata Motors is getting better day by day. It received revenue of Rs. 3.45 Lakh Crore in this fiscal year. Its service, demand for vehicles and increasing price will definitely help Tata Motors to earn profit and keep the company on the dividend-paying companies list for a long time.
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