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.
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.
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.
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:
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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.
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.
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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