Dividend inventory: The Navratna public sector endeavor (PSU) Bharat Digital’s board will meet subsequent week on March 5 to think about an interim dividend for the monetary yr 2024-25 (FY25), the corporate knowledgeable bourses on Tuesday, February 25.
Bharat Electronics in a submitting right this moment mentioned, “Pursuant to Regulation 29 of the SEBI (LODR) Rules, 2015, we want to inform {that a} assembly of the Board of Administrators of the Firm is scheduled to be held on Wednesday, the fifth March, 2025, to think about, inter alia, declaration of interim dividend for the monetary yr 2024-25.”
The Nifty 50 firm’s inventory would stay in focus in Thursday’s buying and selling session as BEL’s announcement got here after market closing hours right this moment. The Indian inventory market will stay closed for buying and selling on Wednesday on account of Mahashivratri.
Bharat Electronics’ Dividend Historical past
In keeping with the information accessible on Trendlyne, Bharat Electronics has introduced 49 dividends since August 2003. Within the final 12 months, the PSU inventory has declared dividends price ₹1.50, translating right into a dividend yield of 0.58%.
The final dividend introduced by BEL was in August of ₹0.80 apiece.
Bharat Electronics Inventory Motion
Shares of Bharat Electronics ended the buying and selling session on a flat notice on Tuesday. The inventory settled 0.02% larger at ₹256.40 on the BSE.
Within the final one yr, Bharat Electronics share value has surged 25%, outperforming the benchmark indices which have risen round 2% in the identical interval.
Nonetheless, BEL inventory has misplaced 5% within the final one month, 9% in three months and 16% in six months, as per Trendlyne knowledge.
Bharat Electronics Q3 Outcomes
The corporate final month launched its monetary quarter outcomes for the December quarter whereby it posted a powerful development in income and revenue larger than analysts’ estimates.
Income from operations rose 37% year-on-year (YoY) to ₹5,643 crore within the December quarter in contrast with ₹4,120.10 crore in the identical interval final yr. In the meantime, its revenue after tax (PAT) witnessed a 43% improve to ₹1,316 crore over ₹893.30 crore on a YoY foundation.
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