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.