This Large Cap Navratna Stock Will Soon Trade 150% Ex-Dividend, Check Key Details Here

Investors in Bharat Electronics Limited will have a big week next week because the company will go ex-dividend. The investors of the company are keeping an eye on stocks of the company as the stocks of the company will trade ex-dividend and the stocks of the company are also performing good.

The company, for the April-June quarter, the Financial year 2022-23, has reported a Consolidated Total Income of Rs 3,222.82 Crore, down 49.67 % from last quarter. Total Income of Rs 6,403.75 Crore and up 90.25 % from last year's same quarter. Total Income of Rs 1,693.98 Crore. The company has reported a net profit after tax of Rs 356.13 Crore in the latest quarter. Bharat Electronics Limited is a PSU- Navratna company under the Ministry of Defence. It has a market capitalization of Rs 67,055 crore.

150% Final Dividend

The Board of Directors of Bharat Electronics Limited on May 23, 2022, declared an equity final dividend of 150% amounting to Rs 1.50 per equity share for the FY 2021- 22 for the year ended on 31st March 2022. In March 2022, the Company also announced an interim of Rs 1.50 per equity share i.e., equal to 150%.
 
 Bharat Electronics in its regulatory filing to BSE on May 23, 2022, stated, "Pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at their meeting held on 23rd May, 2022, inter alia, has recommended a final dividend of Rs 1.50/- per equity share (150%) of Rs 1/- each fully paid-up for the financial year 2021-22 subject to approval by the shareholders in the next Annual General Meeting of the Company."
 
 The ex-dividend date of the declared final dividend is August 8 2020. The company has not yet announced the record date for the same. 

Bharat Electronics Dividend History

The business has a long history of dividend declarations, which span 21 years. The company announced its first dividend in 2001. The business has declared 45 final dividends to shareholders since August 2001. Out of these 45 dividends, 22 were final dividends including this, and 23 were interim Dividends. The company has declared any special dividend so far.

Bharat Electronics Stock Outlook & Returns

On Friday, the stocks of the company closed at Rs 275.20 after gaining 1.05% from its previous close. The current market price is trading Rs 1.7 below its 52 week high which the company hit on Thursday, 28 July 2022 at Rs 276.90 apiece. On the other hand, its 52 week low was recorded in August, last year at Rs 162.35 apiece. 

Over the week, the shares of the company gained 3.15% and 16.56% in the past 1 month, respectively. In the past 1 year, the share price jumped nearly 45.76% and gained further around 196.71% in the past 3 years. However, in the past 5 years, the return declined but gave a positive return of 70.16%. 
 
Its dividend yield is 0.74% and its face value is Rs 1.

About - Bharat Electronics Limited

Bharat Electronics Limited is an Indian state-owned aerospace and defence company with about nine factories and several regional offices in India. It is owned by the Indian Government and primarily manufactures advanced electronic products for the Indian Armed Forces. Bharat Electronics is a multi-product, multi-technology, multi-unit conglomerate boasting of over 350 products. While Defence continues to contribute nearly 80 to 85% of its revenue, Bharat Electronics has touched a chord with the common man through civilian products like solar traffic signals and Electronic Voting Machines (EVMs). Bharat Electronics' reliable and tamper-proof EVMs have redefined voting in India, facilitating free and fair elections. BEL's customers include the Paramilitary, Army, Air Force, Navy, Coast Guard, Police, All India Radio, Doordarshan, Department of Telecommunications and consumers of professional electronic components. 
 
 

Disclaimer

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