Will Bharat Electronics announce a dividend today? Board meets today to consider payout

BEL dividend 2024 record date, BEL dividend announcement, BEL share price NSE: Bharat Electronics Ltd (BEL)'s board meeting is slated for Friday, March 15 to ascertain the eligibility of the shareholder for payment of a second interim dividend on equity shares of the company for the Financial Year 2023-24, if announced. The PSU stock slipped as much as 4.17 per cent to the day's low of Rs 187.1 on NSE in morning deals. The counter traded at Rs 188, down 3.71 per cent on NSE at 10:17 AM.

BEL dividend 2024 record date

The Defense PSU has already announced March 23, Saturday as the record date for the second interim dividend, if announced. Navaratna DPSU BEL in an exchange filing dated March 7 said, "Board Meeting scheduled to be held on 15'th March, 2024, the Record date will be Saturday, the 23rd March, 2024,"

BEL dividend history

Earlier, the company announced an interim dividend of Rs 0.70, as per NSE.

BEL new order

Bharat Electronics Limited (BEL) entered into a contract valued at Rs.847.70 crore plus taxes with Larsen & Toubro Limited (L&T) for the supply of 14 cutting-edge Communication and Electronic Warfare (EW) sensors and systems.

"Additionally, BEL has secured other orders valued at Rs. 1,092.65 Cr following the last
disclosure on 13th February 2024. These orders encompass the supply of LRUs for T-70 & T-90 Tanks, Communication Systems for the Indian Navy, as well as other Spares and Services, the company informed the exchanges in a filing dated March 14.

BEL share price history

The stock has given over 110 per cent return in the last 12 months, outperforming the Nifty 50 which has rallied over 30 per cent. 

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