150% dividend: Shares of Hindustan Aeronautics to trade ex-date soon - Check details

Hindustan Aeronautics dividend record date 2023: Hindustan Aeronautics Limited (HAL) recently announced a final dividend of Rs 15 per share. The state-run aerospace and defence company announced a 150 per cent payout for the financial year 2022-23 at the face value of Rs 10 apiece. The company has also announced the record date for determining the eligibility of shareholders. 

Those shareholders who will be eligible to get the dividend will receive it directly into their demat bank account.

Hindustan Aeronautics dividend (HAL) record date 2023

In an exchange filing, Hindustan Aeronautics said that the Record Date for the payment of the final dividend for the Financial Year 2022-23 has been fixed for August 24, 2023.

"We would also like to inform that, Record Date for the payment of final dividend for the financial Year 2022-23, if approved by the shareholders in aforesaid AGM, will be Thursday, the 24th August, 2023," the company had said in the filing on August 3.

Also, the company has fixed August 25 as the book closer start date and August 31 as the end date for the same.

"The Register of Members and Share Transfer Books of the Company will remain closed from August 25, 2023, to August 31, 2023, for the purpose of AGM (both days inclusive)," the company said in the filing.

Hindustan Aeronautics dividend (HAL) Dividend History

Earlier to this, the company had paid an interim dividend of Rs 20 per share in March this year. The company has a good dividend-paying record. In 2022, the company had paid dividends thrice - Rs 20 per share in November, Rs 10 per share in August and Rs 26 per share in February. 

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Hindustan Aeronautics dividend (HAL) Share Price

HAL shares were trading at Rs 3,868 apiece on NSE at around 1 PM on Tuesday. The scrip has made investors wealthier by 332 per cent in the last five years. The counter has zoomed over 51 per cent in the past six months.  

Meanwhile, Antique Stock Broking has given a 'buy' rating for HAL with a target price of Rs 4,115.