Tata Group shares pay 750% dividend to convert ex-dividend in 2 days

1. Titan Company Ltd will pay a 750% dividend

The company declared a stock dividend of 750% or 7.5 per share for the fiscal year ending March 2022.

According to BSE filing dated May 3, 2022, “3. The board has recommended a dividend of ~7.50 per capital share of ~1 each of the company to be paid/sent on or after the seventh day from the conclusion of the 38th Annual General Meeting subject to the approval of the shareholders of the Company shareholders, and dividend distributions will be subject to withholding tax, where applicable.

The ex-dividend date is July 8, 2022.

2. Titan Company Stock Outlook

2. Titan Company Stock Outlook

The current market price of Titan Company Ltd is Rs 2013.55 each. The stock hit the 52-week high of Rs 2,768 each and the 52-week low of 1,662 each, respectively. The PE of large-cap stocks is 82.25, which is higher than the sector’s PE of 73.69. EPS is 24.48. It has a market capitalization of 178,760 at the time of writing the report. The stock has given multibagger returns of 278% in 5 years. Currently, Titan stock is trading at a 27% discount to its all-time high.

3. Titan Company Dividend History

3. Titan Company Dividend History

It has an excellent dividend history and has declared dividends for the past 5 years. It declared a stock dividend of 750% or Rs 7.5 per share for the year ending March 2022. It started announcing a dividend since 2001 and since then it has declared a dividend every year.

4. Titan company sales in the first quarter

4. Titan company sales in the first quarter

Titan Company Ltd’s Q1 sales jumped 205% year-on-year on a weak base effect as the same period last year was impacted by the second wave of COVID-19. Titan said in its regulatory filing, “Q1FY23 sales increased 205% year-on-year from a low base and recorded a 3-year CAGR of 20.5% from Q1FY20.” Titan added, “On a low annual basis, revenue nearly tripled, growing 207%.”

5. About Titan Company

5. About Titan Company

Titan Company Limited (Titan), a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), began operations in 1984 as Titan Watches Limited.

Titan is the fifth largest integrated manufacturer of own-brand watches in the world. Over the past three decades, Titan has expanded into under-penetrated markets and created lifestyle brands in different product categories. Titan is widely known for transforming the watch and jewelry industry in India and for shaping the Indian retail market by pioneering experiential retail.

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