Tata group 775% dividend stock: Tata Consumer Products fixes record date, payment date for payout

Tata Consumer Products dividend, Tata group 775% dividend stock: Tata Consumer Products Limited (TCPL) has intimated the exchanges of record date for payment dividend on equity shares for the financial year 2023-24 and payment date. Earlier, the Tata Group-FMCG firm announced a final dividend of 7.75 per equity share of the face value of Re 1 for its shareholder along with its March quarter results. The dividend is subject to approval at the 61st Annual General Meeting (AGM) scheduled to be held on Thursday, June 13. 

Tata Consumer Products's regulatory filing dated May 13 said," In continuation to the letter dated April 23, 2024, we hereby inform that the 61st Annual General Meeting (‘61st AGM’) of the Company is scheduled to be held on Thursday, June 13, 2024, through virtual mode.

TCPL dividend record date 

Tata Consumer Products has fixed Friday, May 24, 2024, as the record date for determining entitlement of members to receive the dividend if declared at the 61st AGM.

Tata Consumer Products payment date

According to Tata Consumer Products's regulatory, the payment of such dividend shall be subject to deduction of tax at source, as applicable and will be made on and from Monday, June 17, 2024.

Tata Consumer dividend history 

Tata Consumer Products has announced an equity dividend amounting to Rs 8.45 per share in the past 12 months. Here's a summary of the previous dividends paid by the company, as per data available on BSE:

Tata Consumer Products Q4 results: How did the firm fare in Q4?

Tata Consumer Products posted a 26.69 per cent decline in consolidated net profit to Rs 212.26 crore in the fourth quarter ended March 31, 2024, impacted by exceptional items related to costs of amalgamation, acquisitions, asset write-downs and fair value loss on financial instruments. 

Consolidated revenue from operations in the quarter under review stood at Rs 3,926.94 crore as against Rs 3,618.73 crore.

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