Tata Elxsi Ltd Share Price: Many companies will trade as ex-dividend stocks on the stock market this week. Tata Elxsi Limited is also included in the list of these companies. The company has decided to pay a dividend of Rs 70 per share to the investors. Let us tell you that in the last one year, Tata Elxsi has disappointed the investors located in the stock market.
These companies gained in Sensex last week, investors happy
Contents
Tomorrow’s record date
The company has told stock exchanges that a final dividend of Rs 70 per share will be paid to eligible investors. For determining the eligibility of investors, June 25 has been announced as the record date. That is, only those investors whose name will be in the record book of the company on this day will get the benefit of the dividend.
The company has paid dividend 17 times
Tata Elxsi last traded as an ex-dividend stock on June 22 last year. The company then paid a dividend of Rs 60.60 per share. This Tata Group company distributed dividend for the first time in 2001. Since then, investors have received dividends 17 times. This time Tata Elxsi is going to give dividend gift to the investors for the 18th time.
Tata Elxsi has also gifted bonus shares to investors once. The company gave a bonus of 1 share on every share in 2017. Let us tell you that the total share of the company Tata Sons is 42.2 percent.
Disappointing performance of the company in the stock market
The company has disappointed investors over the past year. The company’s shares have declined by 7 percent during this period. The price of Tata Elxsi has come down by 19 percent in the last 6 months. Let us tell you that this share of Tata Group closed at the level of 7123.20 rupees with a decrease of 1.45 percent at the time of closing of the market on Friday.