Tata group stock hits record high as board sets record date for ₹20 per share dividend
Stock market today: Tata group stock Benares Hotels share price has ascended to life-time high during Monday deals. Dividend paying stock witnessed fresh buying on Monday and went on to hit intraday high of ₹5,862.95 apiece that turned out a new life-time high for the BSE listed multibagger stock. The stock has been in uptrend for the last two years as the small-ca stock has risen from around ₹1225 to ₹5,862.95 apiece levels in last two years, delivering to the tune of 375 per cent in the last two years.
On Friday, Board of Directors of the Benares Hotels Ltd declared dividend record date on 17th August 2023 for ascertaining the eligible shareholders for payment of ₹20 per share.
Benares Hotels dividend 2023 record date
In one of its latest exchange communication, this small-cap dividend stock informed Indian stock market bourses about the record date for interim dividend citing, “Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company will remain closed from Friday, August 18, 2023 to Friday, August 25, 2023 (both days inclusive) for reckoning the entitlement of dividend for the FY ended March 31, 2023, subject to Tax Deducted at source, if declared by the Members at the ensuing AGM of the Company to be held on Thursday, August 24, 2023,” adding, “Please note that Thursday, August 17, 2023 is cut-off date for reckoning eligibility of Members for voting electronically as well as at the AGM and for payment of Dividend (payable on or after Monday, September 4, 2023), if declared/approved at the AGM.”
Benares Hotels dividend 2023
Earlier, the Tata group stock had informed Indian exchanges about the interim dividend citing, “We refer to our letter dated April 10, 2023. The Board of Directors of the Company in its meeting held earlier today recommended a dividend of 200% or Rs. 20/- per share on 13,00,000 Equity Shares of Rs.10/- each subject to approval of the Shareholders at the forthcoming Annual General Meeting of the Company.”
Benares Hotels share price history
Shares of Benares Hotels have been in uptrend for the last two years. After ushering in FY21, Benares Hotels share price witnessed buying interest by stock market bulls and the stock surged from near ₹1215 to ₹5,862.95 per share levels on BSE, logging to the tune of 330 per cent in this time.
This Tata group BSE listed stock has delivered multibagger return in 2023 as well. In YTD time, this dividend stock has risen from ₹2700 to ₹5862.95 apiece levels, delivering around 115 per cent return to its shareholders.
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Updated: 10 Jul 2023, 02:19 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.