PSU Mazagon Dock Dividend 2025: Defence firm stock trades ex-dividend; shares jump nearly 2%
The board of the defence PSU had approved an interim dividend of Rs 3 per share (60 per cent of the face value of Rs 5) during its meeting held on April 8, 2025.
)
01:31 PM IST
Mazagon Dock Shipbuilders Ltd shares remained in the spotlight on Wednesday, April 16, as the stock traded ex-dividend. As of 12:28 pm, Mazagon Dock was trading 1.91 per cent higher at Rs 2,711.95 compared to its previous close of Rs 2,661.10. The stock opened at Rs 2,662.00 and touched an intraday high of Rs 2,736.60 on the BSE.
The stock turned ex-dividend today, following the company's recent announcement of its second interim dividend for the financial year 2024-25. The board of the defence PSU had approved an interim dividend of Rs 3 per share (60 per cent of the face value of Rs 5) during its meeting held on April 8, 2025.
Dividend details
Interim Dividend: Rs 3 per share
Record Date: Wednesday, April 16, 2025
Payment Date: On or before May 7, 2025
This is the first dividend announcement by the company following its stock split in December 2024, where shares were split in a 2:1 ratio.
Mazagon Dock, a Navratna PSU under the Ministry of Defence, specialises in building warships and submarines. The company is part of the BSE 200 index and commands a market capitalisation of Rs 1,07,343.45 crore as of April 16, 2025.
Dividend track record
October 2024: Rs 23.19 per share
September 2024: Rs 12.11 per share
2023: Rs 22.20 per share
2022: Rs 10.73 per share
ALSO READ: Institutional buyers put in bids worth about Rs 3,700 crore in Mazagon Dock OFS
Mazagon Dock Stock vs Nifty 50
According to NSE, shares of the multibagger PSU stock have gained 144.11 per cent in the past year and over 3,000 per cent in five years, outperforming the headline index. Meanwhile, the Nifty 50 index has gained 5.38 per cent and 151.85 per cent in the past five years.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
BEL bags Rs 2,323 crore defence orders from Mazagon Dock, GRSE; stock hits fresh high, up 34% YTD
Navratna Defence PSU: This largecap stock has given over 100% return in 1 year; company bags big order - Check Details
Exclusive | Mazagon Dock Shipbuilders poised for a major export deal with Brazil; parts and full submarines on the cards
This Navratna PSU's market value has surpassed Rs 1 lakh crore for first time
319% Rise in a Year: Multibagger PSU defence stock Mazagon Dock hits all-time high as firm report its fourth-quarter results
