HAL pays 333% interim dividend for 2019-20

BENGALURU : Aerospace major Hindustan Aeronautics Ltd (HAL) on Monday declared a whopping interim dividend of 333% or Rs33.25 per share of Rs10 face value for fiscal 2019-20.

“The interim dividend of Rs33.25 (332.50%) for the fiscal ending March 31, 2020 was declared at our board meeting held here,” HAL said in a statement here.

The central government is the owner of the company with a majority equity stake.

HAL is the country’s sole manufacturer of military aircraft, including fighters, multi-utility helicopters, transport and trainers for the Indian armed forces.