After1:2 Stock Split, PSU Defence Co Sets Record Date For Rs 15/Share Dividend

Board of directors of Hindustan Aeronautics Ltd on Thursday fixed August 24, 2023 as the record date for final dividend of Rs 15 per equity share of Rs 10 each fully paid up for the financial year 2022-23. Earlier on June 26, 2023, board of HAL fixed 29th September as record date for stock split in the ratio of 1:2. HAL shares delivered 85% return in last 1-year and 241% return in last 2-years. Check details below:

Hindustan Aeronautics Sets Record Date For Final Dividend: According to the BSE filing of HAL dated August 3, 2023, "In terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would also like to inform that Record Date for the payment of final dividend for the financial Year 2022-23, if approved by the shareholders in aforesaid AGM, will be Thursday, the 24th August, 2023."

The company on June 26, 2023 declared a final dividend of Rs 15 per equity share of Rs. 10/- each fully paid up (150%) for the Financial Year 2022-23, which shall be paid to the shareholders within 30 days from the date of its approval. Further information in this regard including record date etc. shall be submitted with the concerned Stock Exchanges in due course.

Hindustan Aeronautics Sets Record Date For Stock Split: The company on June 26, 2023 fixed record date for stock split. According to the exchange filing of Hindustan Aeronautics Ltd, "the sub-division/ stock split of existing 1 (one) Equity Share of face value of Rs. 10/- each fully paid up into 2 (Two) Equity Shares of Rs. 5/- each fully paid up. The Record Date for the purpose of sub-division of equity shares shall be Friday, the 29th September, 2023, if sub-division is approved by the shareholders at AGM."

Hindustan Aeronautics Stock Performance & Return: Last trading price of Hindustan Aeronautics share is Rs 3760.80 per share with intraday gain of 0.57%. The 52-week high price of HAL share is Rs 3999.10 apiece and 52-week low price is Rs 1976.00 apiece, respectively. Its market capitalisation is Rs 1,25,756.45 crore.

HAL stock offered return of 60% in last 6-months, 48% return YTD, 86% return in last 1-year, 241% return in last 2-years, and 320% in last 3-years. In last 5-years, HAL stock jumped 291%.

HAL Financial Outlook: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 13,216.90 crore, up 114.47% as against its last quarter total income of Rs 6162.72 crore. It declared its net profit after tax at Rs 2844.64 crore in latest quarter.

About HAL: Hindustan Aeronautics Ltd (HAL) is an aerospace and defense company, owned by the government of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets, according to its official website.

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