Bharat Electronics Limited, or BEL, is prepared to distribute a dividend to its investors once more to repay them. Under Rs 300, BEL is a PSU defense stock. The firm has announced the date of the BEL dividend announcement.
Announcement of BEL Dividend for 2024
The board will meet later this month to discuss a dividend proposal for shareholders, according to an exchange report that Bharat Electronics filed.This would be Bharat Election’s final dividend if it were declared for the fiscal year 2023–2024.
Date of BEL Q4 Results
“A meeting of the Board of Directors of the Company is scheduled to be held on Monday, the 20th May, 2024 to consider and approve, inter alia, Audited Standalone & Consolidated Financial Results for the quarter and year ended 31st March, 2024 and also to consider recommendation of final Dividend for the financial year 2023-24, if any,” according to a statement from the company, reported by ET NOW News
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2024 Share Price Target for BEL
BUY covering has been established on BEL shares by brokerage company Nomura ahead of the dividend announcement. According to the statement, BEL’s enhanced order inflow visibility provides confidence regarding margin delivery and an increase in return ratios.
For BEL shares, Nomura has given a price target of Rs 300. The high values of the stock are probably going to hold.
History of BEL Dividends
As to the BSE website, BEL distributed a dividend of Rs 0.70 per share to its investors in February 2024. The company paid its stockholders a dividend of Rs 0.70 on each of its stocks in February as well.
Bharat Electronics distributed dividends to investors three times in 2023: once in August, once in March, and once in February. In 2022, BEL distributed bonus shares at a 2:1 ratio (two for one). Furthermore, the state-owned enterprise distributed a dividend of Rs 1.50 on three separate times, in August, March, and February. Bharat Electronics paid a dividend of Rs 4 to its investors back in 2021.
History of BEL Share Price
A component of the S&P BSE 100 is BEL. As of May 13, BSE analytics indicated that the PSU defense stock had produced a positive return over the previous six months of 56%. BEL shares have produced a multibagger return of 109% in just a single year. BEL shares have returned a healthy 208% and 360% in the last two and three years, respectively. Over the past five years, investors’ wealth has increased by 676 percent because to the defence PSU stock.
The 52-week range for BEL shares is Rs 241.50 to Rs 105.75. According to the BSE website, the company has a market capitalization of Rs 1,64,287.28 crore.
