PSU firm Bharat Electronics Restricted (BEL) share worth surged as a lot as 2 per cent to ₹282.34 on Monday’s buying and selling session forward of the file date for dividend payout on March 11.
BEL shares have risen over 15 per cent to date in March, surging from ₹246.25. The shares have proven spectacular development, gaining 30 per cent prior to now yr. During the last 5 years, the protection PSU inventory has skyrocketed by greater than 1,000 per cent.
BEL interim dividend particulars
The PSU inventory had declared its first interim dividend for the monetary yr 2024-25 (FY25). The corporate will distribute a dividend of ₹1.5 per absolutely paid-up fairness share with a face worth of ₹1, which is 150 per cent of its face worth.
The board of administrators on March 5 permitted the dividend payout, setting March 11 because the file date to find out shareholder eligibility.
In a inventory alternate submitting final week, BEL said that the dividend could be distributed to eligible shareholders inside 30 days of its declaration.
“When it comes to Regulation 42(2) of SEBI (LODR) Laws, 2015, we want to inform you that the Board of Administrators has mounted Tuesday, the eleventh March 2025 because the Report Date for cost of Interim Dividend on Fairness Shares for the Monetary 12 months 2024-25,” BEL had knowledgeable by way of an alternate submitting.
Over the previous yr, BEL has introduced an fairness dividend of ₹1.50 per share. Based mostly on a share worth of ₹282.43, the corporate’s dividend yield is 0.53 per cent, as per Trendlyne information.
Dividends are distributed to shareholders listed within the firm’s information on the file date. To be eligible, buyers should purchase shares at the very least sooner or later earlier than the ex-date, as trades settle the next day.
Underneath the T+1 settlement system, the file date and ex-date usually align, besides when a market vacation happens after the ex-date.
BEL delivered sturdy third-quarter outcomes for FY25, with internet revenue hovering 53 per cent year-on-year to ₹1,311 crore. The PSU recorded a 38.7 per cent rise in income, reaching ₹5,771 crore, whereas EBITDA surged 55.7 per cent to ₹1,670 crore.
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