2 Tata group stocks to trade ex-dividend on Thursday. Do you own any?

Shares of two Tata group companies, Tata Elxsi and Tata Steel, are set to trade ex-dividend on Thursday.

Tata Elxsi announced a final dividend of 606% at Rs 60.60 per share for the financial year 2022-23, which will be paid on or after the seventh day from the conclusion of the 34th AGM. The company has fixed June 23 as the record date for the same.

Shares of companies usually trade ex-dividend on the day or a day before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.


Tata Elxsi is a leading provider of design and technology services across industries, including automotive, media, communications, healthcare, and transportation.

The company offers integrated offerings – from research and strategy to electronics and mechanical design, software development, validation, and deployment, and is supported by a network of design studios, global development centres, and offices worldwide.

So far this year, Tata Elxsi stock has risen about 23%.

Meanwhile, Tata Steel's board recommended a dividend of Rs 3.60 per share of face value Re 1 each, for the financial year ended March 2023.

Over the last two decades, Tata Steel has paid 29 dividends and in the last one year, the company has paid an equity dividend amounting to Rs 12.75 per share.

Tata Steel, one of the flagship companies of the Tata group, is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum. The company recorded a consolidated turnover of $30.3 billion in the financial year 2022-23.

On a year-to-date basis, the stock is down 4%.