BEL Dividend: Government aerospace and defense company BEL (Bharat Electronics Limited) is going to give the gift of dividend to its shareholders. BEL had announced to give 80 percent dividend to its shareholders for the financial year 2023-24. In the information given to the stock market exchanges, the company had said that investors will be given a dividend of 80 percent i.e. Rs 0.80 on shares with face value of Rs 1 each.
When is the record date for payment of dividend
According to the information given by Bharat Electronics Limited, the company’s shares will trade ex-date today i.e. Wednesday, 14 August. Along with this, the record date for payment of dividend of Rs 0.80 to the investors is also today i.e. 14 August. This simply means that only those investors who have BEL shares till today in the company’s records will be paid dividend.
There was a big decline in BEL shares on Tuesday
Let us tell you that on Tuesday, August 13, the company’s shares saw a huge decline of 1.76%. The company’s shares, which closed at Rs 301.40 on Monday, opened with a rise at Rs 302.45 on Tuesday. During trading, the company’s shares rose from an intraday low of Rs 295.30 to an intraday high of Rs 302.60. However, in the end, the company’s shares closed at Rs 296.10 with a decline of Rs 5.30 (1.76%).
The market cap of the company is Rs 2,16,442.55 crore
According to BSE data, the 52 Week High of BEL shares is Rs 340.35, i.e. the company’s shares are still trading below their 52-week high. The 52 Week Low of the company’s shares is Rs 126.70. The current market cap of Bharat Electronics Limited is Rs 2,16,442.55 crore.
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