After 2:1 Bonus Issue, Multibagger Defence PSU Set To Consider 2nd Dividend On March 15

Bharat Electronics shares witnessed a gain of 2.38% in trade today on BSE soon after the company informed post market hours its plan to consider 2nd interim dividend on March 15, 2024. Current market price of Bharat Electronics Ltd shares on BSE is Rs 215.50 apiece. Bharat Electronics shares gave return of 19% in last 1-month and jumped 123% in last 1-year. BEL shares rally in last 10 years stood at 2078%. Check details below:

Bharat Electronics To Consider 2nd Interim Dividend On March 15: As per the regulatory filing of the company dated March 7, 2024, "Pursuant to Regulation 29 of the SEBI(LODR) Regulations, 2015, we wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, the 15fh March, 2024 to consider, inter alia, declaration of second interim dividend for the financial year 2023-24."

Bharat Electronics Shares Performance & Return: The 52-week high price of Bharat Electronics shares on BSE is Rs 216.70 apiece and 52-week low price is Rs 89.68 apiece, respectively. The company has a market capitalisation of Rs 1,57,452.64 crore. BEL stock gave return of 54% in last 6-months, 202% in last 2-years, and 340% return in last 3-years. Bharat Electronics shares gained whopping 625% in last 5-years.

Earlier this year on February 21, the PSU stated credit rating agency ICRA reaffirmed the its long-term rating at '[ICRA] AAA' with stable 'outlook'. ICRA also affirmed the company's short-term rating at ICRA] A1+.

Bharat Electronics Financials: BEL announced its net profit for the quarter ended December 31, 2023 at Rs 859.6 crore, up 40% as against Rs 613 crore announced in the similar quarter of last year. BEL's revenue remained nearly flat at Rs 4162.2 crore as against Rs 4153 crore in the corresponding quarter of last year. EBITDA of BEL announced at Rs 1072.6 crore, up 24% as against Rs 863.4 crore in the same quarter of preceding fiscal. Meanwhile, margin arrived at 26%.

BEL Dividend History: BEL announced 49 dividends since August 27, 2001. In the last 12 months, Bharat Electronics announced an equity dividend amounting to Rs 1.90 per share. At the current share price of Rs 215.50, Bharat Electronics offers dividend yield at 0.88%.

BEL Bonus History: The last bonus that Bharat Electronics declared was in 2022 in the proportion of 2:1. The share traded ex-bonus on September 15, 2022. Before that BEL declared bonus shares in 2017 in the ratio of 1:10 and in 2015 in 2:1 ratio.

Bharat Electronics About: Established in 1954, BEL engages in manufacturing of specialised electronic equipment requirements of the Indian Defence Services. BEL produces a wide range of equipment for areas such as defence communication, radars, naval systems, c4i systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems, according to its official website.

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