What Can You Anticipate? Updates on Dividends

Tata Communications is set to announce its financial results for the fourth quarter of the financial year 2023-24 on April 17. The company will also consider recommending a dividend during its board meeting. Analysts expect Tata Communications to report a profit after tax of Rs 325 crore for the quarter, a significant increase from the previous quarter.

The telecom firm, backed by the Tata group, has seen its stock perform exceptionally well in the past year, with a 51% increase compared to a 25% rise in the benchmark Nifty50 index. Despite a slight decline in the stock price on April 16, Tata Communications has been a strong performer in the market.

In terms of dividends, Tata Communications has a history of rewarding its shareholders, having announced 25 dividends since August 31, 2000. In the past 12 months alone, the company has declared an equity dividend amounting to Rs 21 per share.

Looking at the overall stock performance, Tata Communications has shown impressive growth over the years, with a 50% rise in the last year and nearly 250% returns in the last 5 years. Investors have been bullish on the company’s prospects, and the upcoming financial results will provide further insight into its growth trajectory.

Stay tuned for the latest updates on Tata Communications’ financial results and dividend recommendations on April 17.