Multibagger aerospace & defence stock announces Rs 15 dividend post-stock split
The shares have given over 85 per cent in the last year and 241 per cent in the past two years.
Hindustan Aeronautics Ltd’s board of directors set August 24, 2023, as the record date for the final dividend of Rs 15 per equity share of Rs 10 each fully paid up for the fiscal year 2022-23. Previously, on June 26, 2023, the HAL board of directors set September 29 as the record date for a 1:2 stock split. HAL shares returned 85 per cent in the last year and 241 per cent in the previous two years.
HAL's BSE filing indicates the final dividend payment date for 2022-23 if approved by shareholders at the AGM. The company declared a 150 per cent full-paid dividend on June 26, 2023, and will pay it within 30 days. Further details, including the record date, will be submitted to relevant stock exchanges.
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Hindustan Aeronautics Limited (HAL) is India's largest aerospace and defence company. It was founded in 1940 and is headquartered in Bangalore, Karnataka. HAL manufactures a wide range of aircraft, including fighter jets, transport aircraft, helicopters, and trainers. The company also manufactures avionics, missiles, and other defence equipment.
The last trading price of a Hindustan Aeronautics share was Rs 3,760.80 a share, representing a 0.57 per cent intraday gain. HAL shares have a 52-week high price of Rs 3,999.10 per share and a 52-week low price of Rs 1976.00 per share. It is worth Rs 1,25,756.45 crore on the stock exchange.
Disclaimer: The article is for informational purposes only and not investment advice.