Q4 Result: Defence PSU Navratna Company Recommends 60% Final Dividend

Leading navratna PSU company under the Ministry Of Defence, Bharat Electronics Limited (BEL) on May 20 declared its quarterly results. The board of directors of BEL recommended a final dividend of Re 0.60/- per equity share of Rupee 1/- each for financial year 2022-23. The shares of BEL gave return of 41% return in last 1-year. The last trading price of BEL share is Rs 107.05 per share on BSE. Check details below:

Board of BEL Declares Dividend: According to the regulatory filing of the company, “Pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at their meeting held on 20th May, 2023, inter alia, has recommended a final dividend of Rs 0.60 /- per equity share (60 %) of Rupee 1/- each fully paid-up for the financial year 2022-23 subject to approval by the shareholders in the next Annual General Meeting of the Company.”

BEL Stock Performance & Return: Last trading price of BEL is Rs 107.05 apiece with intraday fall of 0.56%. 52-week high of BEL share is Rs 115.00 apiece and 52-week low price is Rs 73.23 apiece, respectively. The company’s market capitalisation is Rs 78,251.18 crore. The stock of BEL gave return of 107% in last 2-years, 416% return in last 3-years, and 164% return in last 5-years.

BEL About: Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. BEL is engaged in the manufacturing of state-of-the-art electronic products and systems for the Army, Navy and the Air Force. BEL has also diversified into various areas like homeland security solutions, smart cities, e-governance solutions, and space electronics including satellite integration, among others, according to its official website.