The Board of Directors of Tata Coffee Limited (TATACOFFEE) held its meeting on Thursday, i.e. April 29, 2021. It has declared dividend of Rs 1.5 per equity share of face value of Rs 1 each.
Tata Coffee Limited Quarterly Result
The company registered a consolidated net profit of Rs 57 cr in the quarter ending March 2021 (Q4FY21). Further, consolidated total income rose by 17% to Rs 612 cr in Q4FY21 from Rs 523 cr of Q4FY20 driven by improved performance from the Plantations business partly offset by the Group’s value-added businesses.
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Tata Coffee Limited Dividend Record Date
The company in its letter informed the exchanges that it has fixed 31 May 2021 as the Record Date. Consequently, the declared dividend will be paid within 30 days.
To receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Moreover, here is the copy of statement, the company has sent to the exchanges:
We would like to inform you that the Board of Directors have recommended a Dividend of Rs. 1.50
per Equity Share for the year ended March 31, 2021. Further, this Dividend upon approval by the shareholders at the ensuing Annual General Meeting [AGM] will be paid within 30 days from the date of the AGM.
Important Dates
- Company – Tata Coffee Limited
- Script Name – TATACOFFEE (NSE) & 532301 (BSE)
- Dividend Amount – 1.5 Rs Per Share
- Dividend Type – Normal
- Ex-Dividend Date – 28 May 2021
- Record Date – 31 May 2021
- Payment Date – Within 30 days
Also, you can find more information about Tata Coffee Limited on NSE and Moneycontrol – Tata Coffee is the largest integrated coffee plantation company in the world. The company owns 19 coffee estates in southern India. The estates are spread across the districts of Coorg, Chikmagalur and Hassan in Karnataka and Valparai district in Tamil Nadu.
