Government company will give a dividend of Rs 15 on one share
Companies listed in the Indian stock market are releasing their financial results one by one. Apart from releasing financial results, companies are also announcing dividend according to their capacity. Meanwhile, BEML, a public sector company, which produces heavy equipment, is also going to dividend its shareholders. The shares of this government company will now trade ex-dividend. Let us tell you that today the Indian stock market has seen a strong rise. In this boom today, a stormy lead has also been recorded in BEML shares.
Government company will give a dividend of Rs 15 on one share
BEML stated in an exchange filing of May 9 that the company’s board of directors had announced the second interim dividend for the financial year 2024-25. The company said that shareholders will be given a dividend of Rs 15 on each share with a face value of Rs 10. A record date has been fixed on Thursday, 15 May for this interim dividend of Rs 15 to shareholders. That is, the shares of BEML, a company under the Ministry of Defense, will trade ex-wedding-trade on Thursday this week. This simply means that the new stocks purchased on May 15 will not get the benefit of dividend.
BEML shares rise 4.67 percent on Monday
Let us tell you that the shares of BEMM today closed at Rs 3201.60 with a stormy rally of 4.67 percent (Rs 142.95) on BSE. The company’s shares, which closed at a level of Rs 3058.65 on Friday last week, opened at a price of Rs 3178.95 with a huge increase today. Today, during the business, the company’s shares reached Intrade High of Rs 3215.00. BEML shares are still far below their 52 weeks high. The 52 week high of the government company’s shares is Rs 5489.15. According to BSE data, BEML’s current market cap is Rs 13,332.90 crore.
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