Dividend, stock split: Bharat Dynamics announces Rs 8.85/share payout, 2:1 stock split

Bharat Dynamics share split news, Bharat Dynamics dividend record date 2024: Bharat Dynamics' board on Thursday, March 21 announced an interim dividend of Rs 8.85 per equity share of Rs 10 each fully paid-up for the financial year 2023-24. In addition, the defense equipment maker's board approved the sub-division of existing one equity share of the face value of Rs 10 each fully paid up into two equity shares of the face value of Rs 5 each fully paid up, i.e., in 2:1 share split, subject to shareholders' approval.

Bharat Dynamics share split record date

The record date for the stock split of equity shares will be decided after obtaining approval for sub-division/ split from the shareholders through postal ballot electronic voting process and will be intimated in due course, the company in its filing said. 

Bharat Dynamics Dividend 2024 record date

The company has fixed April 2 as the record date to decide the eligibility of shareholders for payment of an interim dividend for the financial year 2023-24. 

Bharat Dynamics dividend payment date 

The payment of the interim dividend will be completed on and before April 18. 

Bharat Dynamics dividend history

Bharat Dynamics has announced only one dividend in the past one year, amounting to Re 1.2 per share. 

Bharat Dynamics dividend yield

At the current levels, Bharat Dynamics' dividend yield stands at 0.07 per cent.

"The Company has changed the 'Record Date' to Tuesday, 02nd April 2024 for the purpose of payment of Interim Dividend on Equity Shares for the Financial Year 2023-24, if declared by the Board," the filing added.

Bharat Dynamics share price history

Bharat Dynamics shares have delivered a return of nearly 80 per cent in one year, sharply outperforming a rally of almost 30 per cent in the headline Nifty50 index.

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