Hindustan Aeronautics Ltd Dividend 2024 Record Date, Share Price, History

News: Hindustan Aeronautics Ltd (HAL), a prominent player in the aerospace and defense sector, has recently declared its dividend for the year 2024. In this article, we’ll delve into the details of HAL’s dividend, including the record date, share price, and a brief historical overview.

Dividend Announcement

For the financial year ending March 2024, HAL has announced an equity dividend of 550.00%, which translates to Rs 55 per share. This substantial dividend reflects the company’s commitment to rewarding its shareholders.

Record Date

The record date for HAL’s dividend is February 20, 2024. If you own HAL shares on or before this date, you’ll be eligible to receive the dividend. It’s essential to mark this date on your calendar if you’re an investor.

Share Price and Historical Context

As of now, HAL’s current share price stands at Rs 3023.20. This information is crucial for investors who want to assess the impact of the dividend on their investment portfolio.

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

1. March 2023: HAL declared an equity dividend of 550.00%, amounting to Rs 55 per share.
2. February 2024: The company announced a first interim dividend of Rs 22 per equity share for the financial year 2023-24.

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About Hindustan Aeronautics Ltd :

Hindustan Aeronautics Limited (HAL), headquartered in Bangalore, India, stands as one of the oldest and largest aerospace and defense manufacturers globally. Established on December 23, 1940, HAL has played a pivotal role in shaping India’s aviation landscape. Let’s explore the fascinating journey of this iconic company.

Historical Origins

1. Founding: HAL began its journey as Hindustan Aircraft Limited, founded by industrialist Walchand Hirachand in association with the Kingdom of Mysore. The company’s office was set up at a bungalow called “Eventide” on Domlur Road.

2. Early Aircraft Production: As early as 1942, HAL engaged in licensed production of aircraft such as the Harlow PC-5, Curtiss P-36 Hawk, and Vultee A-31 Vengeance for the Indian Air Force. These efforts marked the beginning of indigenous aircraft manufacturing in India.

Key Facts

• Ownership: HAL is owned by the Government of India, with a majority stake.
• Diverse Portfolio:
  • Aircraft: HAL designs, manufactures, and supplies a wide range of aircraft, including transport aircraft, fighter jets, and trainer planes.
  • Helicopters: The company is a key player in helicopter production.
  • Avionics and Communications Equipment: HAL develops avionics systems, communication equipment, and software.
  • Repair and Maintenance Services: It provides crucial repair, maintenance, and support services for military and civil aircraft.
• Research and Development: HAL boasts 11 dedicated R&D centers and 21 manufacturing divisions across India.
• HF-24 Marut: The HAL HF-24 Marut, India’s first indigenous fighter-bomber, remains a significant milestone in the company’s history.

Financial Snapshot (2023)

• Revenue: ₹28,597.58 crore (approximately US$3.6 billion).
• Operating Income: ₹6,509.50 crore (approximately US$820 million).
• Net Income: ₹5,827.73 crore (approximately US$730 million).
• Total Assets: ₹67,203.80 crore (approximately US$8.4 billion).
• Total Equity: ₹23,575.89 crore (approximately US$3.0 billion).

Investors should keep an eye on HAL’s stock performance and consider the dividend as part of their investment strategy. Whether you’re a seasoned investor or a beginner, understanding dividend payouts and their implications is essential for making informed financial decisions.

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