Trent to Consider Dividend Payment in Upcoming Board Meeting:
Trent, a Tata group company, is set to discuss and approve a proposal for dividend payment during its upcoming board meeting on April 27th, 2023. Alongside the audited financial results for the January to March 2023 quarter, the board will review the proposal for dividend payment. In compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, the company has notified the Indian stock market bourses about the meeting. The Board’s agenda includes the approval of the audited financial results (standalone and consolidated) for the year ended March 31st, 2023, as well as the recommendation of any dividend on the equity shares for the same period.
Trent’s Dividend and Share Issuance History:
This dividend-paying Tata Group stock declared an interim dividend of ₹0.60 per share in February 2022 and a final dividend of ₹1.10 per share in May 2022. In 2021, the company gave a final dividend of ₹0.60 per share, while in 2020, it gave a dividend of Re 1 per share to its shareholders. With the exception of 2006, the company has declared dividends every year since 2005.
The company has not issued bonus shares, but it underwent a stock split in a 1:10 ratio in September 2016. In addition, the company has a history of issuing rights and preferential shares.
Trent’s Share Price Performance:
The share price of Trent has experienced a sell-off after reaching a lifetime high of ₹1,566 per share in November 2022. While the company delivered a return of over 10% in the last year, its stock price has declined by over 1.50% in the last six months and provided a return of one percent to its shareholders YTD. Despite this recent performance, over the past five years, Trent has delivered an impressive multi-bagger return of 300%.
About Tata Group:
The Tata Group, headquartered in Mumbai, is a multinational conglomerate established in 1868. It is currently India’s largest conglomerate, operating in over 100 countries across six continents and offering products and services in more than 150 countries.
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