BEL, Cochin: 2 PSU Aerospace & Defence Stocks To Turn Ex-Dividend For 70% Payout; Record Date, Other Details

Two major aerospace & defence stocks namely Bharat Electronics and Cochin Shipyard will be in focus in the trading week from February 5th to 10th as they will turn ex-dividend.

The two stocks will reward shareholders with 70% dividend payout each ahead.

BEL share price will be the first to turn ex-dividend on February 9 ahead of its record date on February 10.

Further, Cochin share will turn ex-dividend on February 12, which is also its record date.

It is important that investors hold share prices of BEL and Cochin by end of their record dates to become eligible for the payout.

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.

Cochin shipyard is one of the leading shipbuilding & repair yard in India, which has an infrastructure that combines economy, scale, and flexibility, and has ISO 9001 accreditation. CSL also has an exclusive area set for offshore construction and future expansion.