State-owned Mazagon Dock Shipbuilders informed that the company’s board of directors approved the announcement in its meeting held on Tuesday, 28 December 2021. interim dividend Of 7.10 per share. The Board has declared Friday, January 7, 2022 as the record date for computing the eligibility of shareholders for the purpose of payment of interim dividend.
“The Board of Directors of Mazagon Dock Shipbuilders Limited in its meeting held at Mumbai on 28 December 2021 approved the declaration of interim dividend @ Rs.71.00%. 7.10 per equity share totaling Rs. 143.20 crore is to be paid out of the company’s profits for the financial year 2021-22,” the company said in an exchange filing.
The shares of Mazagon Dock made their debut in the stock market in the last year i.e. October 2020. stock has jumped 273 per share level above its IPO issue price 145, growing more than 88% since listing. Meanwhile, the stock is up 20% in 2021 (year-to-date or YTD).
Mazagon Dock Shipbuilders is engaged in the construction and repair of warships and submarines for use by the Indian Navy and other ships for commercial customers. The company, which received ‘Miniratna’ status in 2006, is said to be the only shipyard to build destroyers and conventional submarines for the Indian Navy.
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