Cochin Shipyard Dividend 2023 - Check ex-date, record date and other details

Cochin Shipyard Dividend 2023: Cochin Shipyard, a fully-owned Government of India company, has announced the record date for payment of a final dividend. It is worth mentioning that the Board of Directors of the company had recommended a final dividend of Rs 3 during a meeting held on May 19, 2023. 

Cochin Shipyard Dividend 2023: Dividend Amount

According to an exchange filing, the company recommended a final dividend of Rs 3 (or 30 per cent) per equity share of face value Rs 10 each for the financial year 2022-23.

The final decision in this regard will be taken during the 51st AGM (Annual General Meeting), which is scheduled to be held on September 28, 2023.

Cochin Shipyard Dividend 2023: Record Date

The company will pay the dividend to those shareholders whose names appear in the Register of Members/ Depositories’ records, as the case may be, at the close of business hours on September 21, 2023.

According to the official website of the Bombay Stock Exchange (BSE), the Book Closure date fixed by the company is from September 22, 2023 to September 28, 2023.

The Register of Members and Share Transfer Books of the Company shall remain closed from September 22, 2023 to September 28, 2023 (both days inclusive) for the purpose of payment of Final Dividend for the financial year 2022-23 and 51st Annual General Meeting. 

Cochin Shipyard Dividend 2023: Payment Date

The company in an exchange filing has said that the dividend amount will be disbursed by October 27, which is within 30 days from the date of approval.

"The said Dividend, if approved at the 51st AGM, shall be disbursed (subject to TDS) by October 27, 2023 i.e. within 30 days from the date of approval, to those Members whose names appear in the Register of Members/ Depositories’ records, as the case may be, at the close of business hours on September 21, 2023," the filing reads.

Cochin Shipyard Dividend History

Earlier, Cochin Shipyard announced a dividend of Rs 7 in February this year. In 2022, the state-run company paid three dividends - Rs 7 in November, Rs 3.75 in September and Rs 7 in February.

Cochin Shipyard Share Price History

Cochin Shipyard's share price was at Rs 1,065.15 at the time of filing this report. It went down to Rs 1,045 during the day. However, the scrip has delivered a multibagger return of 128 per cent in the past six months versus a 43 per cent jump in the S&P BSE Industrials index.