Bharat Electronics Interim Dividend: Last Day To Buy Shares To Qualify — Details Here

Shares of Bharat Electronics Ltd. will be in the spotlight on Monday, as the day marks the last session for investors to buy shares to qualify for receiving interim dividend before the stock goes ex-date.

The record date will determine the eligible shareholders, who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

Last week, the board of Bharat Electronics declared an interim dividend of Rs 1.5 per equity share of a face value of Rs 1 each for financial year 2025. To determine the shareholders eligible for the dividend payout, the board has fixed a record date of March 11.

The dividend will be credited or dispatched on or before April 5.

Given India's T+1 settlement cycle, shares purchased on the record date (March 11 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by March 10 will be the beneficiaries.

Bharat Electronics will be paying a total of Rs 1,096 crore as interim dividend, including Rs 560.7 crore to the government.

The public-sector defence company paid an interim dividend of Rs 0.7 apiece last year. BEL's annual dividend yield stands at 0.78%.

According to the shareholding pattern as of December, over 26 lakh retail investors holding nominal share capital up to Rs 2 lakh own 8.99% equity.

Dividends are a way for companies to reward their shareholders.