HAL pays 333 pct interim dividend for 2019-20

Bengaluru: Aerospace major Hindustan Aeronautics Ltd (HAL) on Monday declared a whopping interim dividend of 333 per cent or Rs 33.25 per share of Rs 10 face value for fiscal 2019-20.

 

“The interim dividend of Rs 33.25 (332.50 per cent) for the fiscal ending March 31, 2020 was declared at our board meeting held here,” HAL said in a statement here. The Central government is the owner of the company with a majority equity stake.

 

HAL is the country’s sole manufacturer of military aircraft, including fighters, multi-utility helicopters, transport and trainers for the Indian armed forces.