Dividend stocks: PSU shipbuilder declares 153% payout, stock to trade ex-date soon

Mazagon Dock dividend record date 2023, Mazagon Dock dividend news: Mazagon Dock Shipbuilders shares are set to trade ex-dividend on November 20. This week, the public sector shipbuilder approved an interim dividend of Rs 15.3 per equity share of the face value of Rs 10, translating into a payout of 153 per cent. The dividend amounts to Rs 309.4 crore and will be paid out of the profits of the company for the financial year 2023-24, according to a regulatory filing. 

Mazagon Dock dividend record date 2023

The company's board has declared Monday, November 20, as the record date for reckoning eligibility of shareholders for the purpose of payment of interim dividend. Simply put, shareholders owing at least one share of the company in their demat accounts before the end of trading hours on the record date are eligible for the interim dividend. 

Mazagon Dock Shipbuilders dividend payment date 2023 

The interim dividend will be paid on or before December 7, according to the company.  

Mazagon Dock Shipbuilders dividend history 

Source: NSE

What does Mazagon Dock Shipbuilders do? 

Headquartered in Mazagaon, Mumbai, Mazagon Dock Shipbuilders is a shipyard that manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling. 

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