PSU Stock Goes Ex-Dividend This Week: Buy Navratna Govt Defence Company Ahead of Ex-Date
State-owned Bharat Electronics Ltd (BEL) will go ex dividend this week to trade the 70 per cent second interim dividend for the shareholders. The government of India-owned aerospace and defence electronics company informed the exchanges on the record date and payment for the payment of the monetary benefit to investors. The Bengaluru-headquartered company primarily manufactures advanced electronic products for ground and aerospace applications. BEL is one of sixteen PSUs under the Ministry of Defence of India.
Bharat Electronics BEL Dividend 2024 Announcement News
Board of directors of the company at its meeting held on 15th March declared to reward its shareholders with a second interim dividend of 70 per cent per equity share. A dividend is always calculated on the face value of a stock and not on the market price. The face value of each stock of Bharat Electronics is Re 1, which translates the dividend amount to Rs 0.70 per share of Re 1 each for the financial year 2023-24.
Bharat Electronics BEL Dividend 2024 Record Date in India
The company has fixed 23rd March as the record date to determine the eligibility of shareholders to receive the corporate action benefit.
Bharat Electronics BEL Dividend Payment Date 2024
The second interim dividend will be paid within 30 days from the date of declaration.
Bharat Electronics BEL Dividend History
| Ex-Date | Amount (Rs) |
| 22 March 2024 | 0.70 |
| 9 Feb 2024 | 0.70 |
| 17 Aug 2023 | 0.60 |
| 24 March 2023 | 0.60 |
| 10 Feb 2023 | 0.60 |
Bharat Electronics BEL Dividend Yield
The company has had a dividend yield of 1.02 per cent in the last 12 months, at the current levels.
BEL Share Price NSE
BEL share price touched an intraday low of Rs 185.7 per share, down by 2.21 per cent form its previous close of Rs 189.90 apiece. The performance of the counter is line with the sector.
BEL Share Price History
The counter has delivered multibagger returns of 167.03 per cent in the last two years, making investors richer with massive gains. In the last three years, PSU stock multiplied investors wealth by a whopping 336.99 per cent, as per data available on the BSE Analytics.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
