Tata Elxsi Ltd Share Price: This week many companies will trade as ex-dividend stocks in the stock market. Tata Elxsi Limited is also included in the list of these companies. The company has decided to give a dividend of Rs 70 on every share to the investors. Let us tell you, in the last one year, Tata Elxsi has disappointed the positional investors in the stock markets.
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record date the day after tomorrow
The company has told the stock exchanges that a final dividend of Rs 70 on every share will be given to eligible investors. To decide the eligibility of investors, June 25 has been declared as the record date. That means only those investors whose name will be in the record book of the company on this day will get the benefit of dividend.
The company has paid dividend 17 times
Tata Elxsi last traded as an ex-dividend stock on June 22 last year. Then the company had given a dividend of Rs 60.60 on each share. For the first time, this Tata Group company had distributed dividend in 2001. Since then, investors have received dividends 17 times. This time Tata Elxsi is going to give the gift of dividend to investors for the 18th time.
Tata Elxsi has also once given a gift of bonus shares to investors. The company had given a bonus of 1 share on each share in 2017. Let us tell you, the total stake of the company Tata Sons is 42.2 percent.
Disappointing performance of the company in the stock market
The company has disappointed investors during the last one year. During this period, the company’s shares have fallen by 7 percent. The price of Tata Elxsi has declined by 19 percent in the last 6 months. Let us tell you, this share of Tata Group had closed at the level of Rs 7123.20 with a decline of 1.45 percent at the time of market closing on Friday.
