Rs 22 Dividend: HAL shares fall over 1% as stock trades ex-date today

HAL Dividend 2024, Hindustan Aeronautics Dividend Record Date: Shares of Hindustan Aeronautics Limited (HAL) fell over 1 per cent on Tuesday i.e. February 20 as the counter traded ex-date today. The scrip opened at Rs 3,021.95 and went on to fall over 1.6 per cent to the day's low of Rs 2,972.

Shares of the state-run company, which has a market cap of Rs 2,00,164 crore, have been falling for the last two days. The counter has a 52-week high of Rs 3,130 and a 52-week low of Rs 1,237.

Hindustan Aeronautics Limited Record 2024

Meanwhile,  Hindustan Aeronautics Limited (HAL) has informed the exchanges that its board has approved a dividend of Rs 22 per equity share or 440 per cent. 

"Further, the Board of Directors of the Company has declared the first interim dividend of Rs 22 per equity share of Rs. 5/- each fully paid up (440 per cent) for the Financial Year 2023-24," the company said in an exchange filing," the company said in an exchange filing.

HAL dividend 2024 record date

The company has fixed February 20 as the record date for the purpose of identifying the eligibility of investors for this corporate action.

HAL Dividend History

Earlier, the company announced a dividend of Rs 15 in August 2023. Here's the history of dividends announced by the company.

HAL Q3 results

HAL reported a 9.2 per cent year-on-year increase in consolidated net profit to Rs 1,261.4 crore for the October-December period.

The company's revenue expanded to Rs 6,061.3 crore for the fiscal third quarter, from Rs 5,665.5 crore for the corresponding period a year ago, according to a regulatory filing.