Bharat Heavy Electronics Ltd (BHEL), a state owned engineering and manufacturing company have announced 1:2 bonus on 10th of August 2017 during the quarterly results, for which the record date has been set as 30-Sep-2017.
As an outcome of board meeting held on 10-Aug-2017, board directors of BHEL has announced a bonus issue which is subject to shareholders approval.
On 11-sep-2017 BHEL after getting the approval from the shareholders have set the record date as 30-Sep-2017 and the ex-date of the bonus falls on 28-Sep-17.
BHEL share dividend History:
BHEL has announced a 1:1 bonus in 2007 for which the record date is 01-Jun-2007. After a decade, now it has announced a surprising 1:2 bonus which means the shareholders will get one free share of every two shares they hold. Earlier this year, two dividends have been announced by BHEL, an interim and final dividend which has given a positive yield to its share holders.
BHEL, India’s largest power plant equipment manufacturer is regular dividend paying company as for past decade they have announced one or two dividends every year without fail.
BHEL Last Quarter results highlights,For the second quarter of 2017, the company reported net profit of Rs. 80.82 crore which is 3.92% rise comparing to the first quarter of the year.
Investors who are willing to receive the bonus shares should buy the BHEL shares before 28-Sep-2017.Investors will be getting two shares for every one shares held before 28-Sep-2017.
BHEL have moved 5.08% since the announcement of share bonus.
BHEL price on 10-Aug-2017 is 126.75 and on 18th Sep 2017 it is trading at 133.20 in NSE.