Bharat Electronics Dividend 2024 Record Date, Share Price, History

News: Bharat Electronics Limited (BEL), a prominent public sector undertaking (PSU) in India, has recently made headlines with its dividend announcement for the year 2024. In this article, we’ll delve into the details of BEL’s dividend, including the record date, share price, and historical context.

What Is a Dividend?

Before we dive into the specifics, let’s understand what a dividend is. A dividend is a reward that a company pays to its shareholders for their investment in the business. It’s usually distributed in cash from the company’s earnings.

BEL Dividend 2024: Key Details

Here are the essential points regarding BEL’s dividend for the financial year 2023-24:

1. Record Date: BEL has fixed the record date for paying out an interim dividend on February 10, 2024. The record date is crucial because it determines which shareholders qualify to receive dividends. If you own BEL shares on or before this date, you’ll be eligible for the dividend.

2. Interim Dividend Amount: The state-owned PSU declared an interim dividend of Rs 0.70 per equity share of Re. 1 face value, each fully paid-up (70%) for the financial year 2023-24. This means that for every share you hold, you’ll receive Rs 0.70 as a dividend.

3. Payment Date: The interim dividend will be paid within 30 days from the date of declaration, which was January 29, 2024. So, shareholders can expect the dividend to hit their accounts by late February.

4. Ex-Date: BEL has fixed the ex-date on February 9, 2024. The ex-date is when a stock starts trading without its declared dividend. If you buy BEL shares on or after this date, you won’t receive the upcoming dividend.

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Historical Context

Let’s take a quick look at BEL’s dividend history:

• In 2023, BEL announced dividends on three occasions, totaling to Rs. 1.8.
• In 2022, the company distributed dividends thrice, amounting to a total of Rs. 4.5.

BEL Share Price and Yield

As of now, BEL’s stock is trading at Rs. 181.15 per share. The dividend yield, calculated by dividing the annual dividends paid per share by the price per share, stands at 0.99%. Keep in mind that share prices can fluctuate, affecting the yield.

Recent Financial Performance

During the October-December 2023 quarter, BEL reported a 49.2% YoY jump in net profit, reaching Rs. 893.3 crore. Its revenue also increased by 1.8%, totaling Rs. 4,120 crore. These positive financial indicators reflect the company’s resilience and growth.

BEL’s dividend announcement is a significant event for investors. Whether you’re a seasoned shareholder or considering investing in BEL, understanding dividend dates and historical trends can help you make informed decisions. Keep an eye on the stock market and stay informed about BEL’s performance!

FAQs

1. What is the dividend per share declared by Bharat Electronics Ltd?

The dividend amount declared by Bharat Electronics Ltd is Rs 0.70 per share.

2. When is the payment date for the Interim Dividend?

The payment date for the Interim Dividend is set for 23rd February 2024.

3. How has Bharat Electronics Ltd performed in terms of stock performance across various timeframes?

Bharat Electronics Ltd has demonstrated steady short-term growth, moderate monthly performance, robust momentum over three months, and a noteworthy one-year return, presenting it as a compelling option for long-term investment.