BEL DIVIDEND 2024 DATE: BHARAT ELECTRONICS TO ANNOUNCE CASH REWARD SOON

BEL Dividend 2024 Date: Bharat Electronics Ltd (BEL) has informed the bourses that it will hold a board meeting soon to consider and approve a dividend for its shareholders for the quarter ended March 31, 2024. The defence PSU company will hold its board meeting on May 20, 2024.

"We wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, the 20*h May, 2024 to consider and approve, inter alia, Audited Standalone & Consolidated Financial Results for the quarter and year ended 31S1 March, 2024 and also to consider recommendation of final Dividend for the financial year 2023-24, if any," said BEL in a regulatory filing.

A dividend is a payment made by a company to its shareholders, usually in the form of cash or additional shares of stock. It represents a portion of the company's profits that is distributed to its shareholders as a reward for their investment. Dividends are typically paid regularly, such as quarterly or annually, and the amount can vary depending on the company's financial performance and dividend policy.

BEL Dividend History

The state-owned company has a good dividend track record and has consistently declared dividends since 2007. BEL paid dividends twice so far in calendar year 2024 - of Rs 0.70 each in March and February. The state-owned company paid dividend thrice in 2023 - Rs 0.60 each in February, March, and August. In 2022 too, it paid dividends thrice - Rs 1.5 each in February, March, and August.

BEL Share Price History, Yield

Shares of BEL settled 0.28 per cent down at Rs 234.10 apiece on NSE. BEL’s market cap, as of May 3’s closing price, stood at Rs 1,71,158.47 crore. The stock over the long period has emerged a multibagger, multiplying investors' money manifold.

In the last one year, the large cap stock has doubled investors’ money, rising 120.17 per cent while jumped 195.20 per cent in the last two years, according to BSE analytics. BEL stock has rallied a whopping 440 per cent in the last three years while delivered 696 per cent in the last five years. Looking back further, the stock delivered a money multiplying return of 1808.31 per cent in the last 10 years.

At its current market price, BEL's dividend yield stands at 1.11 per cent.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

RISE with India - FOLLOW ET NOW WhatsApp channel!

https://whatsapp.com/channel/0029Va7OSzxA2pL8ezY1aw1K

ET NOW WhatsApp channel gives you all Stock Market Details, Money Making Ideas, IPO News, Mutual Funds SIP News, Income Tax and other news right on your mobile screen!

2024-05-03T11:44:36Z dg43tfdfdgfd