HAL pays 333% interim dividend for 2019-20

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Bengaluru, March 16 Aerospace major Hindustan Aeronautics Ltd (HAL) on Monday declared a whopping interim dividend of 333 per cent or Rs 33.25 per share of Rs 10 face value for fiscal 2019-20.

“The interim dividend of Rs 33.25 (332.50 per cent) 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.