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Dividend Stock: There is good news for investors betting on dividend stocks. Bharat Bijli Limited has offered its eligible investors Rs. It has been decided to give a dividend of 40. The company has declared today i.e. 5th September as the record date for this dividend. That is, any investor holding shares of the company today will get the benefit of the dividend.
Dividend of Rs 40 on 1 share (Bharat Bijli Limited Dividend Stock)
In the board meeting of Bharat Bijli Limited, it was decided that a dividend of Rs 40 per share will be given. To determine this eligibility, 5 September 2023 was announced as the record date. Let us tell you that on Monday, the price of one share of Bharat Bijli Limited was at the level of Rs 4204.30.
Also read: This railway stock has outperformed all in terms of returns
How is the company performing in the stock market? (Bharat Bijli Limited Stock Market News)
The price of this dividend stock has seen an increase of more than 12 percent in the last one month. At the same time, investors who have held this stock for the past 6 months have made 58 percent profit so far. Let us tell you that the company has returned more than 100 percent to positional investors in the last one year.
Ashish Kacholia holds a stake in the company
The promoters’ stake in Bharat Bijli Limited is 33.86 per cent. At the same time, the total share of foreign investors is 1.68 percent. Domestic institutional investors hold 5.04 percent stake. Veteran investor Ashish Kacholia holds 1,01,350 shares of Bharat Bijli Limited. His total stake in the company is 1.79 percent.