BEL

to consider interim dividend on March 5

has informed the exchanges that its board will meet on March 5 to consider an interim dividend for shareholders. However, the company has yet to announce a record date for the ***** the defence major is to announce an interim dividend exceeding Rs 3 per share, it would mark the highest payout since February 2017, the highest in 8 years, when the company last declared a Rs 3 per share ***** BEL’s dividend payments have remained modest. Over the past six instances since 2023, both interim and final dividends have been below Rs 1 per share. Between 2019 and 2022, the company declared dividends on nine occasions, ranging from Rs 1 to Rs 2 per share, with the highest being Rs 1.7 per share in August 2019. The company last issued bonus shares in September 2022, offering two additional shares for everyone held (2:1). Before that, BEL also conducted buybacks in 2016 and 2018 and split its stock from Rs 10 to Rs 1 per share.