HAL announces 200% dividend for 2023 – Check record date & amount

HAL announces 200% dividend for 2023 - Check record date & amount

HAL declares Rs 20 per share second interim dividend for FY 2022-23 amid market volatility

On Friday, Hindustan Aeronautics Ltd (HAL) overcame market-wide weakness on Dalal Street caused by global sell-off fears of higher-for-longer interest rates, as the aerospace and defence company’s shares gained almost 2%. HAL’s Board of Directors has announced its second interim dividend of Rs 20 per equity share, with a face value of Rs 10, fully paid up at 200% for the Financial Year 2022-23.

“The Board of Directors of the Company has, inter-alia, declared second interim dividend of Rs 20 per equity share of Rs. 10/- each fully paid up 200% for the Financial Year 2022-23,” according to the filing.

Investors can rest assured that HAL’s commitment to delivering shareholder value remains steadfast, despite market volatility. With this dividend announcement, the company continues to demonstrate its financial strength and stability.

HAL Dividend Record Date 2023:

The company based in Bengaluru has announced the record date for the interim dividend payment in 2023. March 20th has been set as the record date to determine the eligible shareholders who will receive the dividend payout. As stated in the filing, the previously informed date for the second interim dividend payment record is March 20th, 2023.

HAL Share Price:

Over the last year, HAL’s share price has increased by over 100%, while the Nifty50 headline index has only risen by around 5%. This demonstrates a strong historical performance of HAL’s shares.

About HAL:

Headquartered in Bangalore, Hindustan Aeronautics Ltd (HAL) is a state-owned aerospace and defense company operating under the Ministry of Defense, Government of India. Established on December 23, 1940, HAL is among the most extensive and earliest aerospace and defense manufacturers globally.

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