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Tata Elxsi Shares Turn Ex-Dividend as Tata Group Firms Announce Week of Payouts

Investors who held Tata Elxsi by June 10 qualify for its record Rs 75 per share dividend with further Tata payouts scheduled through June 12.

Tata Elxsi shares to turn ex-dividend today; here's outlook, target price for Tata group stock
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Overview

  • Tata Elxsi’s board has proposed a final dividend of Rs 75 per share for FY 25—the highest ever for the company—subject to approval at its upcoming AGM.
  • Shares of Tata Elxsi went ex-dividend on June 11, meaning investors needed to own the stock by June 10 under India’s T+1 settlement cycle to be eligible.
  • The total value of Tata Elxsi’s dividend distribution stands at around Rs 467 crore, to be paid within seven days after its 36th AGM.
  • Tata Investment Corporation has fixed June 10 as its record date for a Rs 27 per share payout, pending shareholder sign-off at its July 1 AGM.
  • Tata Chemicals and Trent will go ex-dividend with record dates on June 12 for dividends of Rs 11 and Rs 5 per share respectively, with payments slated for early July.