Multibagger PSU stock declares a whopping 200 per cent interim dividend; find out the record date now!
The stock has outperformed the BSE500 and Sensex in the last one year as well in the short term
On the heels of dismal global cues, the market nosedived at the opening bell on Friday, Nifty recouped some of its losses as it bounced back almost 90 points from the day’s low. Despite a valiant effort to regain lost ground, the markets faltered for the second consecutive session.
The daily chart painted a bleak picture as Nifty closed below its crucial 200-DMA, it has formed a hammer like pattern as it consists of small body and a long lower shadow. Long lower shadow signifies the stock bounced back after testing its support, where demand is located. Meanwhile, on the weekly chart, the Nifty has formed a worrisome bearish candlestick pattern, casting a shadow of doubt over investors’ confidence.
During high volatility periods, dividend-paying stocks can be a wise investment choice. While stock prices may fluctuate wildly during these times, dividend payments can provide a stable source of income. Additionally, companies that pay dividends tend to be well-established and financially sound, which can provide some measure of security for investors. As the saying goes, "In the short run, the market is a voting machine, but in the long run, it is a weighing machine." This means that while stock prices may be affected by short-term market movements, over the long-term, the value of a company is ultimately reflected in its earnings and dividends. Therefore, dividend-paying stocks can provide both stability and potential for long-term growth.
In this article, we will talk about one of the stocks which has recently announced a interim dividend to the tune of Rs 20 per equity share of Rs 10 each fully paid up (200 per cent) for the financial year 2022-23. The stock name is Hindustan Aeronautics (HAL), the largest defence PSU in India, is engaged in design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.
The stock has jumped nearly 108 per cent in the last one-year and hence, turned out to be a multibagger stock. The stock has outperformed the BSE500 and Sensex in the last one year as well in the short term. Record date for the payment of second interim dividend will be March 20, 2023.