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The company has not announced any record date for the interim dividend payout.
The last six instances of the company announcing interim and final dividends, dating back to 2023 have been under ₹1 per share.
Bharat Electronics had issued bonus shares in the ratio of 2:1 back in September 2022, meaning shareholders had received two free shares for every one share held.
Between 2019 and 2022, Bharat Electronics announced dividends on nine instances, which ranged between ₹1 per share to ₹2 per share, with the ₹1.7 per share announced in August 2019 being the highest.
In case Bharat Electronics does end up announcing a dividend in excess of ₹3 per share, it will be the highest payout since February 2017, during which it had announced that ₹3 payout. In the interim, they carried out a buyback of equity shares in 2016 and 2018 and also split their stock from ₹10 to ₹1 each.
Shares of BEL ended little changed on Tuesday at ₹256.1. The stock is down 25% from its recent peak of ₹340.
