[ad_1]
By Malvika Gurung
Investing.com — Shares of the state-owned aerospace and defence company Hindustan Aeronautics (NS:) began trading ex-dividend on Friday, as its board announced to pay an interim dividend of 200% to eligible shareholders for the financial year 2022-23.
The Navaratna PSU declared its first Interim Dividend for FY23 while announcing its earnings results for the September quarter on Nov 11, 2022.
Its Board of Directors announced the first interim dividend of Rs 20/share of the face value of Rs 10 apiece to eligible shareholders, with the record date set for the payment of corporate benefit as Nov 21, 2022.
HAL is among the oldest and largest aerospace and defence manufacturers in the world.
Shares of the large-cap PSU were trading 2.6% lower at Rs 2,612.75 apiece at the time of writing. According to InvestingPro data, the fair value of the aerospace giant stands at Rs 3,019.99/share, which is at a 15.5% upside.
[ad_2]
Source link
(This article is generated through the syndicated feed sources, Financetin doesn’t own any part of this article)
