Bharat Electronics Ltd. (BEL) is set to attract significant attention as investors gear up for an important milestone. On Monday, the company will mark the final day for shareholders to acquire shares to qualify for an interim dividend before the stock officially goes ex-dividend. Shareholders who are on record as of March 11 will be eligible for this payout, with dividends expected to be credited by April 5.
Key Details on the Upcoming Dividend
Last week, BEL’s board announced an interim dividend of ₹1.5 per equity share, based on a face value of ₹1 for the fiscal year 2025. This decision is part of the company’s strategy to reward its investors, with a total dividend payout amounting to approximately ₹1,096 crore, which includes ₹560.7 crore directed to the government.
Important Dates to Remember
- Record Date: March 11
- Ex-Dividend Date: Coincides with the record date
- Dividend Dispatch: On or before April 5
In line with India’s T+1 settlement cycle, shares purchased on the record date will not qualify for the dividend. Thus, investors must hold shares by March 10 to receive this benefit.
Shareholder Insights
Bharat Electronics has a strong retail investor base. As per the latest shareholding data from December, over 2.6 million retail investors, who each hold up to ₹2 lakh in nominal share capital, own nearly 8.99% of the company’s equity. It’s worth noting that the company had previously disbursed an interim dividend of ₹0.7 per share last year, and its annual dividend yield currently stands at 0.78%.
Conclusion
Dividends are not just a financial incentive; they symbolize a company’s commitment to its shareholders. As BEL prepares to make this significant payout, investors are keenly watching for the potential impact on share prices and their overall investment strategy.
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