HAL dividend 2023: 200% dividend announced - check amount and record date

HAL Dividend 2023: Hindustan Aeronautics Ltd (HAL) shares eked out gains to the tune of almost two per cent on Friday, shrugging off market-wide weakness on Dalal Street triggered by a global sell-off owing to fears of higher-for-longer interest rates. The Indian aerospace and defence company's board has declared its second interim dividend of Rs 20 per equity share with a face value of Rs 10 (200 per cent).

"The Board of Directors of the Company has, inter-alia, declared second interim dividend of Rs 20 per equity share of Rs. 10/- each fully paid up 200% for the Financial Year 2022-23," the filing said. 

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HAL Dividend 2023: Record date

The Bengaluru-headquartered company has fixed the record date for the payment of the interim dividend. March 20 is the fixed record date.

A record date determines the shareholders eligible to benefit from corporate action such as a dividend payout. "As informed earlier, Record date for the payment of second interim dividend will be Monday, the 20th March, 2023, " according to the filing.

HAL Dividend History

HAL share price: Historical performance

HAL shares have more than doubled in the past one year, a period in which the Nifty50 headline index has risen close to five per cent.

How to calculate dividend yield

To calculate a dividend yield, one needs to divide the annual dividends paid per share by the price per share.

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