The payout date for the Transport Corporation share dividend has not yet been announced. The company last announced an interim dividend of 2.5 on January 30, 2023, with an ex-date of February 2, 2023.
The most recent news is that ICICI Direct has a buy call on the stock with a target price of 810 each.
Transport Corporation's shares have generated 121% returns for the shareholders over the last three years. Moreover, there has been a growth in the EPS (earnings per share), which reflects in the company’s share price. Therefore, the stock has produced a favorable outcome for long-term investors.
The revenue of the Transport Corporation grew 15.73% YoY to 983.93 crore in Quarter 3 of FY 2022-23.
The Transport Corporation of India Ltd. is India’s leading logistics service provider having a network of 1,000+ company-owned offices. Its risk profile is healthy because of its risk management practices, which include but are not limited to achieving efficiency in the freight segment, having decent revenue growth, leading market position and strong financials.
TCI has been strategically expanding its diversified business portfolio while maintaining a healthy financial position with minimal debt. Its focus is on acquiring additional space to support growth plans.
TCI has been the pioneer of cargo transportation for decades now and is known for its timely deliveries. If something doesn’t go as planned, one can contact its customer care department to get information about the return policy.