Bharat Electronics announces 2nd Interim Dividend; Record Date

Bharat Electronics announces 2nd Interim Dividend; Record Date

Key Points of Bharat Electronics 2nd Interim Dividend Record Date Announcement:

  • Bharat Electronics approves a second interim dividend of ₹0.60 per share for FY23.
  • The record date for the dividend payment is on Saturday, March 25, 2023.
  • Payment of the dividend will be made within 30 days of declaration.
  • The announcement was made in an exchange filing on Friday, March 17, 2023.
  • Following the news, BEL’s stock was trading over 2% higher at ₹94 per share on the BSE during Friday’s afternoon trading session.
  • BEL is a leading electronics company in India, offering a range of products and services including defense electronics, radars, and communication systems.
  • BEL’s commitment to providing value to its investors is reinforced by its strong track record of paying dividends.

Details of Bharat Electronics 2nd Interim Dividend Record Date Announcement:

Bharat Electronics Approves Second Interim Dividend of ₹0.60 per Share for FY23

Bharat Electronics has announced that its board of directors has approved the payment of a second interim dividend of ₹0.60 per share for the fiscal year 2022-23. The record date for the dividend has been set for Saturday, March 25, 2023, with the payment to be made within 30 days of the declaration.

The announcement was made in an exchange filing on Friday, March 17, 2023. Following the news, BEL’s stock was trading over 2% higher at ₹94 per share on the Bombay Stock Exchange (BSE) during Friday’s afternoon trading session.

As per an earlier filing by the company on March 2, 2023, the board of directors had already approved the payment of the dividend. This latest announcement provides further details on the dividend payment and the record date.

Bharat Electronics is a leading electronics company in India and provides a range of products and services, including defense electronics, radars, and communication systems. The company has a strong track record of paying dividends to its shareholders and this latest announcement reinforces its commitment to providing value to investors.

About Bharat Electronics:

Bharat Electronics, an aerospace and defense electronics company based in India, is owned by the government. Its main focus is on developing sophisticated electronic equipment for both ground and aerospace purposes. BEL is one of the nine Public Sector Undertakings (PSUs) under the purview of the Indian Ministry of Defense.

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