HAL Declares ₹13 Dividend, Check Record Date

Hindustan Aeronautics Ltd has declared final dividend for the year ended March 2024.

What Happened: The defence company in an exchange filing on Wednesday said that its Board of Directors has approved a final dividend of ₹13 per share for the year ended March 2024.

The record date for the payment of the final dividend for the financial Year 2023-24, if approved by the shareholders in the ensuing AGM, will be Wednesday, August 21, 2024.

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For the year ended March 2024, the public sector firm has already paid an interim dividend of ₹22 per share.

Shares of the defence major have been on a strong bull run over the past few years. Since the start of the year, the stock has gone up over 85%. The rally has also propelled the company’s market cap to over ₹3.5 lakh crore, making it one of the highest-valued companies in the country.

Price Action: HAL’s share price was down 1.49% to trade at ₹5,291.70 in the late hours of trading on Wednesday.

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