Hindustan Aeronautics Ltd. board approved a final dividend of Rs 15 per share for the financial year 2024-25. The final dividend will be paid to the eligible shareholders within 30 days from the date of its approval in the annual general meeting.
The record date to determine the eligible shareholders for the HAL final dividend will be Thursday, Aug. 21. Under the T+1 settlement system, investors must buy shares by Aug. 20 to make it to the shareholders' record list.
The company will shell out Rs 1,003 crore in dividends under this plan. The central government, which owns 71.64% in HAL, will receive Rs 718.6 crore.
The company will distribute nearly Rs 70 crore to over 13 lakh retail investors holding nominal share capital up to Rs 2 lakh. This portion have a shareholding of 7%.
This will be the second dividend from HAL for fiscal 2025. The defence PSU had paid an interim dividend of Rs 25 per share in February. In fiscal 2024, a final dividend of Rs 13 apiece was paid to shareholders.
Hindustan Aeronautics has a dividend yield of 0.8%, according to Bloomberg. Dividend yield is a ratio that shows a company's annual dividends relative to its shares' market price.
HAL share price closed 1.7% higher at Rs 4,896.6 apiece, ahead of the dividend announcement, compared to a 0.35% advance in the benchmark NSE Nifty 50.
The defence PSU has offered whopping returns of 1,185% in its journey over the past five years, with an upside of 17% year-to-date.
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