Hindustan Aeronautics Limited (HAL): With the most traded securities making up 13% of the entire volume, the Indian stock market had an incredible 77% increase in turnover in 2024. Despite a 39% increase in turnover, a few equities showed triple-digit gains, indicating increased investor interest. Let’s unleash one such equity and learn more about its record date.
Brief Overview of Hindustan Aeronautics Limited (HAL)
The Indian government owns Hindustan Aeronautics Limited (HAL), a defense and aerospace corporation. The business creates, designs, builds, and distributes avionics, communications, airplanes, and helicopters for both military and commercial markets. Additionally, it offers aircraft maintenance, repair, and support services. HAL provides modern communication and navigation equipment, aerospace equipment, and accessories for airplanes, helicopters, and aero engines. It provides services to:
- Mauritius Police Force,
- Indian Air Force,
- Boeing,
- Airbus,
- Indian Army,
- Defense Research & Development Organization,
- Indian Navy,
- Indian Space Research Organization,
- Indian Coast Guard.
In India, the business has a network of manufacturing plants as well as research and design facilities. The headquarters of HAL are located in Karnataka, Bengaluru, India.
BSE’s Take on Hindustan Aeronautics Limited
HAL distinguished itself with a remarkable 183% increase in turnover. The BSE data indicates that during the next 5 sessions of trading, shares of Hindustan Aeronautics Limited are expected to trade ex-dividend. Dividends are paid by businesses to shareholders from their profits, usually on a quarterly or annual basis, and are frequently viewed by investors as an extra source of income.
On Monday, Hindustan Aeronautics Limited’s stock dropped as much as 3.38%. Investors have until this session to purchase shares in order to be eligible for interim dividends prior to the stock going ex-date. Thus, the qualifying stockholders who will get the dividend payment will be determined by the record date.
What Would be the Date of the Record?
The corporation has set February 18, 2025, as the date of record for this dividend. Therefore, the only investors who will be eligible for this dividend are those who have HAL shares as of this date. Before this date, you must purchase shares if you also wish to profit from this dividend.
How Much Would the Dividend Be?
HAL (Hindustan Aeronautics Limited) announced that it would pay out a dividend of ₹ 25 to its shareholders on each equity share with a face value of ₹ 5. This implies that the dividend you receive will be 500% of the face value. Consequently, long-term stockholders will generate a healthy income.
Conclusion
Hindustan Aeronautics Limited has a strong payout history, and investors have been receiving dividends for a longer period of time. A dividend of ₹22 per share was distributed by the company last year in February 2024. Additionally, on August 24, 2023, and March 20, 2023, respectively, dividends of ₹ 15 and ₹ 20 per share were previously paid. As evidenced by this, HAL has continuously provided its investors with strong returns.
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