BEL announces dividend for FY25, sets Aug 14 for Ex-dividend Payment

The Navratna PSU under the Ministry of Defence, Government of India, has announced an 80 percent dividend payment on each stock for the financial year 2023-24. A dividend is a company's way of rewarding its investors for their investment in the business. It is typically paid in cash from earnings.

On Friday, the shares of BEL closed in the green at Rs 301.90 per share, up by 1.22 percent. The shares reached a high of Rs 305 and a low of Rs 300.65, with more than 155.51 lakh equity shares being traded. According to the NSE, the PSU company has a total market cap of Rs 2,20,682.22.

 

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A dividend is always calculated and paid on the face value of each stock. Accordingly, an 80 percent dividend payment translates into Re 0.80 per equity share with a face value of Re 1 each for FY24.

The company Board has recommended a final dividend of Re 0.80 /- per equity share (80%) of Re 1/- each fully paid up for the financial year 2023-24, the company said in an exchange filing. BEL has set August 14 as the ex-date for the final dividend. The company will observe a book closure date from August 16 to August 18, 2024.

BEL has not yet fixed the payment date for the final dividend of FY24.

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This year, Bharat Electronics Limited paid a dividend twice -- Re 0.70 each in February and March. Last year, the company announced dividends twice – Re 0.60 each in March and August.

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