HAL Share Price: At 0.93% Yield, Top Defence Stock To Consider Interim Dividend On Monday, Q3 Preview; BUY?

Aerospace and defence stock, Hindustan Aeronautics is the star of the sector with a huge order book and massive returns to its shareholders.

HAL is back in the limelight due to its upcoming Q3FY24 earnings report and interim dividend proposal which will be considered for approval on February 12. Last week, HAL touched a new record high.

HAL Share Price:

On February 9th, HAL share price ended at Rs 2,965.65 apiece, down by 4.22% on BSE with a market cap of Rs 1,98,335.26 crore. But during the trading session of this day, HAL also touched a new record high of Rs 3,130 apiece before correcting.

Compared to its 52-week low of Rs 1,180 apiece, HAL has become a multi-bagger with gains of over 151% as of now on BSE.

HAL Interim Dividend:

HAL is among the top dividend-paying defence stocks. The company’s board are scheduled to meet on February 12, 2024, to consider the declaration of the first interim dividend for the financial year 2023-24. This will be the first interim dividend for FY24.

Also, for the same, the company fixed February 20, 2024, as the record date to determine eligible shareholders.

In FY23, the company paid dividends up to 550% amounting to Rs 55 per share.

At the current market price, it has a dividend yield of 0.93%.