Tata Motors Ltd Dividend 2024 : Should Tata Motors Ltd be a part of your dividend portfolio?
Tata Motors Ltd is one of the most popular Consumer Cyclical company in the world with a market capitalisation of ₹2,85,000.79Cr. Its share price is ₹774.30 as on 16 November,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Tata Motors Ltd gave ₹8 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Consumer Cyclical stocks do not always pay a dividend but as Tata Motors Ltd pays dividends to reward its shareholders.
In the quarter ending March 2024, Tata Motors Ltd has declared dividend of ₹3 - translating a dividend yield of 1.03%.
Let's look at Tata Motors Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Tata Motors Ltd’s revenue were ₹1,03,098Cr in the quarter ending September 2024. The revenuefell by -3.47% year on year basis since last quarter.
Tata Motors Ltd’s profits were ₹3,343Cr in the quarter ending September 2024. The profits fell by -11.18% year on year basis since last quarter.
Tata Motors Ltd’s dividend was ₹3 in the quarter ending March 2024.