BEL share price jumps 15% in March. Do you own?
BEL shares have shown impressive growth, gaining 30 per cent in the past year. Over the last five years, the defense PSU stock has skyrocketed by more than 1,000 per cent.
PSU company Bharat Electronics Limited (BEL) share price surged as much as 2 per cent to ₹282.34 in Monday's trading session ahead of the record date for the dividend payout on March 11.
So far in March, BEL shares have risen over 15 per cent, surging from ₹246.25 to the current price of ₹282.34. Meanwhile, the shares have shown impressive growth in the past one year, gaining 30 per cent. Over the last five years, the defense PSU stock has skyrocketed by more than 1,000 per cent.
BEL interim dividend details
The PSU stock has declared its first interim dividend for the financial year 2024-25 (FY25). The company will distribute a dividend of ₹1.5 per fully paid-up equity share with a face value of ₹1, which is 150 per cent of its face value.
On March 5, the board of directors approved the dividend payout, setting March 11 as the record date to determine shareholder eligibility.
In a stock exchange filing last week, BEL stated that the dividend would be distributed to eligible shareholders within 30 days of its declaration.
“In terms of Regulation 42(2) of SEBI (LODR) Regulations, 2015, we would like to inform you that the Board of Directors has fixed Tuesday, the 11th March 2025 as the Record Date for payment of Interim Dividend on Equity Shares for the Financial Year 2024-25,” BEL had informed via an exchange filing.
Under the T+1 settlement system, the record date and ex-date generally align, except when a market holiday occurs after the ex-date. Thus the record data of March 11 suggests that investors need to buy shares of BEL today, if they don't already own the stock, to be eligible for dividend payment.
Over the past year, BEL had announced an equity dividend of ₹1.50 per share. Based on a share price of ₹282.43, the company's dividend yield is 0.53 per cent, as per Trendlyne data.
Dividends are distributed to shareholders listed in the company's records on the record date. To be eligible, investors must buy shares at least one day before the ex-date, as trades settle the following day.
BEL delivered strong third-quarter results for FY25, with net profit soaring 53 per cent year-on-year to ₹1,311 crore. The PSU recorded a 38.7 per cent rise in revenue, reaching ₹5,771 crore, while EBITDA surged 55.7 per cent to ₹1,670 crore.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
- Top Gainers
- Top Losers
- 52 Week High