Mazagon Dock Declares ₹3 Dividend: Key Details to Know Before April 16

Mazagon Dock Shipbuilders, a Navratna defence PSU, has announced a second interim dividend of ₹3 per share for FY25. This is the first dividend after its stock split in December 2024. The company’s board approved the payout on April 8, and eligible shareholders will receive it by May 7, 2025. 

Here are three important things to know: 

Record Date: April 16 

To receive the ₹3 dividend, investors must own Mazagon Dock shares before April 16. Only those listed as shareholders on this date will be eligible. Since stock transactions follow a T+1 settlement cycle, buyers should purchase shares at least 2 trading days before the record date. 

Dividend Payment Date 

The company has confirmed that the dividend will be paid on or before May 7, 2025. The payout applies to fully paid-up equity shares with a face value of ₹5 each. 

Mazagon Dock’s Dividend History 

Mazagon Dock has consistently rewarded its shareholders. Before the stock split in December 2024, the company declared an interim dividend of ₹23.19 per share in October and ₹12.11 per share in September. In previous years, shareholders received ₹22.20 in 2023 and ₹10.73 in 2022. 

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Mazagon Dock Share Performance 

Mazagon Dock Shipbuilders share price is trading at ₹2,427.60, up ₹56.40 (2.38%) today as of April 11, 9:27 AM IST. The stock opened at ₹2,443.75, reaching a high of ₹2,449.95 and a low of ₹2,403.00. It has a market capitalisation of ₹97,790 crore, a P/E ratio of 35.59, and a dividend yield of 0.60%.  

Over the past month, the stock has gained 7.61%, while in the last 6 months, it has risen by 10.72%. In the past year, it has surged 119.25%, and over the last 5 years, it has skyrocketed by 2,788.97%. The stock’s 52-week high stands at ₹2,930.00, while its 52-week low is ₹1,045.00. 

About Mazagon Dock 

Mazagon Dock Shipbuilders is a key defence PSU under the Ministry of Defence, specialising in building warships and submarines. It is part of the BSE 200 index and has a market capitalisation of over ₹95,720 crore. 

Conclusion 

Mazagon Dock continues its strong dividend track record, rewarding shareholders with steady payouts. Despite short-term volatility, its long-term performance remains robust. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   

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