1100% Dividend Tata stock: 27th June is ex-date

Shares of Tata Group’s Titan Co. Ltd. are drawing attention in the stock market ahead of their final dividend record date. On May 3, Titan announced a final dividend of ₹11 per share along with its quarterly results, marking the highest payout since 2010 when it declared a ₹15 per share dividend.

Since 2010, Titan issued bonus shares in a 1:1 ratio and split its stock, converting one ₹10 share into ten ₹1 shares. The record date for the final dividend is June 27, meaning investors must purchase Titan shares on or before June 26 to be eligible for the dividend payout.

Titan, one of the largest portfolio holdings of the late Rakesh Jhunjhunwala, is now under the name of Rekha Rakesh Jhunjhunwala. As of the March quarter, the cumulative holding stood at 5.35%, valued at ₹16,144 crore at the current market price.

In June, Titan shares have risen by 5%, recovering from a 10% decline in May and a 5.5% drop in April. Despite this, the stock remains down 7.3% for 2024. If Titan does not recover these losses by year-end, it could mark its first negative annual return since 2016.

Out of 32 analysts covering Titan, 20 recommend a “buy,” eight suggest “hold,” and four advise “sell.” Currently, Titan shares trade at ₹3,390.5, 0.6% lower for the day. The stock is trading at a financial year 2025 price-to-earnings multiple of 68.8x, below its five-year average of 93.2x.

Titan’s stock performance and analyst ratings make it a significant focus in India’s finance and stock market sectors.