HAL Rewards Investors With 440 pc Dividend | Know Record Date

HAL dividend 2024: Hindustan Aeronautics Ltd (HAL) also delighted its investors with the news of a first interim dividend of 440 per cent, equating to Rs 22 per equity share with a face value of Rs 5 each.
hal dividend

HAL delighted its investors with the news of a first interim dividend of 440 per cent.

Photo : Shutterstock.com
HAL dividend 2024: Hindustan Aeronautics Ltd (HAL) posted its results for the third quarter of the fiscal year. The aerospace giant reported a consolidated net profit of Rs 1,261.5 crore for Q3 FY24, marking a 2.2 percent increase from the previous year's Rs 1,155.2 crore for the same period.
The revenue from operations for the quarter ending December 31, 2023, was reported at Rs 6,061 crore, compared to Rs 5,665.5 crore in the corresponding quarter of the previous year. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the October-December period reached Rs 1,435 crore, a significant 45.7 percent jump from Rs 985 crore in the year-ago period.

HAL Dividend 2024

The company also delighted its investors with the news of a first interim dividend of 440 per cent, equating to Rs 22 per equity share with a face value of Rs 5 each. Dividends, representing a share of the company's profits distributed to its shareholders, are generally issued on a regular basis, such as quarterly or annually, as per the company's dividend policy.
The company's official exchange filing revealed, "The Board of Directors of the Company has declared the first interim dividend of Rs 22 per equity share of Rs 5 each fully paid up (440%) for the Financial Year 2023-24."

HAL Dividend Record Date

For the determination of shareholders eligible for the interim dividend, HAL has set the record date as Tuesday, February 20, 2024. This announcement ensures that investors are well-informed about the timeline for the dividend payout, reinforcing HAL's commitment to transparency and shareholder value enhancement.
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