Bharat Electronics (BEL) Dividend 2023: Defence electronics maker declares 60% dividend — check out record date

Bharat Electronics (BEL) dividend 2023: Bharat Electronics Ltd (BEL) on Friday announced a dividend of Re 0.60 per share — its second interim dividend for the year ending March 2023. The latest payout from Bharat Electronics — a PSU manufacturer of electronics for the aerospace and defence sectors — is at a face value of Re 1, translating to a 60 per cent dividend. 

The share price opened at Rs 93.69 on Friday and was trading at Rs 93.82 at 1:58 pm

BEL dividend: When is the record date?

 The company's board had earlier set March 25 as the record date for any such dividend. 

What is a record date?

A record date determines the shareholders eligible to benefit from corporate action such as a dividend payout. 

When will the BEL dividend be paid?

The BEL board said the dividend will be paid within 30 days from the date of declaration.

BEL Q3 Results

PSU Bharat Electronics Limited (BEL) achieved a turnover of Rs 11,005.89 crore, witnessing a growth of 24.46 per cent with over the Turnover of Rs 8,842.98 crore recorded in the corresponding period of the previous year.

Profit After Tax (PAT) up to Q3FY23 stood at Rs 1,641.31 crore, with a growth of 35.97% over the PAT of Rs 1,207.12 crore recorded in the corresponding period of the previous year.

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.