BEL Dividend Record Date 2023: Bharat Electronics Limited (BEL), NSE: BEL, has announced to pay an interim dividend to its shareholders. According to an exchange filing by the government-owned company, the board has declared the second interim dividend for the financial year 2022-23.
As per the filing, the Navratna Defence PSU will pay 60 per cent dividend per equity share having a face value of Rs 1 each.
This translates into Rs 0.60 per equity share. It means that the company will pay Rs 0.60 to shareholders for each share held in the Demat account on the record date.
“Board of Directors of the Company at its meeting held on 28th January, 2023, inter alia, has declared interim dividend of Rs 0.60/- per equity share of X 1/- each fully paid-up (60%) for the financial year 2022-23,” the company said in the filing.
The Bengaluru headquartered company’s board has also fixed the record date for determining the eligibility of shareholders for receiving the dividend amount. BEL dividend record date is February 10, February.
“The Board of Directors has fixed Friday, the 10th February, 2023 as Record Date for the purpose of payment of Interim Dividend on Equity Shares for the Financial Year 2022-23,” the company added.
Earlier in August 2022, BEL had paid Rs 1.50 dividend per equity share. In September, the company issued a bonus in the ratio of 2:1.
The Navratna Defence PSU stock is on the radar ahead of the Budget, anticipating major announcements for the defence sector by Finance Minister Nirmala Sitharaman.
BEL shares have yielded a positive return of 35 per cent in the past one year. The stock’s 52-week range is Rs 114.65 – Rs 62.33 on NSE.
Bharat Electronics is an aerospace and defence electronics company under the Ministry of Defence. It was founded in 1954 and has its headquarters in Bengaluru. BEL manufactures advanced electronic products for the defence forces.