Dividend Stocks: In addition to publishing quarterly results, many companies declare dividends for their investors. Meanwhile, leading defense company Mazgaon Dock had also declared dividend to its shareholders. Now the record date for this dividend is very close. Yes, we are talking about Constructores Navales Muelle de Mazagón. This shipbuilding company had declared dividends for its shareholders on October 17.
The company will give a dividend of Rs 23.19.
Mazagon Dock Shipbuilders had said in an exchange filing that shareholders will receive a dividend of Rs 23.19 for each share with a face value of Rs 10 for the financial year 2024-25. The company has set Wednesday, October 30, as the record date for the payment of this dividend. The company’s shares will trade ex-dividend on October 30. That is, investors will not get the benefit of the dividend on the new shares purchased on October 30. Dividend money will be transferred to shareholders’ bank accounts no later than November 20.
Mazgaon Dock part will be divided into 2 parts
Additionally, the company has also announced a stock split. The company said that one share with a face value of Rs 10 will be split into two parts. After which the face value of each share of the company will become Rs 5. However, the company has not announced the record date for the stock split.
118.82 percent return in 1 year
According to BSE data, shares of Mazagon Dock Shipbuilders have given huge returns to investors. Karni stock has given a return of 118.82% in the last one year. Defense stocks have given huge returns to investors of 550.68 percent in the last 2 years and 1,446.33 percent in the last 3 years. However, the company’s stock has been falling for the past 3 months.
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