The multibagger defense stock declared an interim dividend of 91%. check record date

“We would like to inform that the Board of Directors at its meeting held on 10th November 2022 approved the interim declaration Dividend at 91% 9.10 Aggregate per equity share 183.5 crore to be paid out of the company’s profits for the financial year 2022-23,” the company informed in an exchange filing on Thursday.

Further, the company said that its board has declared Tuesday, November 22, 2022 as the record date for computing the entitlement of shareholders for the purpose of payment of interim dividend.

Mazagon Dock Shipbuilders net profit up over 58% 214 crore in the quarter ended September 2022 135 crore during the corresponding quarter of the previous financial year. Meanwhile, the company’s revenue increased by more than 8% Rs 1,702 crore during the quarter under review 1,570 crore in the year-ago quarter.

Mazagon Dock Shipbuilders is engaged in the construction and repair of warships and submarines for use by the Indian Navy and other vessels for commercial customers. The company, which received the ‘Miniratna’ status in 2006, is said to be the only shipyard to build destroyers and conventional submarines for the Indian Navy.

The shares of Mazagon Dock made their debut in the stock market 2 years ago i.e. in October 2020. stock has gone up 790 per share level above its IPO issue price 145, rising over 370% since the listing of its shares. Meanwhile, the multibagger stock So far in 2022 (Year-to-date or YTD) has grown by almost 179%.

Mazagon Dock Shipbuilders has declared 5 dividends with effect from February 22, 2021, as per Trendline data. In the last 12 months, Mazagon Dock Shipbuilders Limited has declared Equity Dividend 8.73 per share. At the current share price, this results in a dividend yield of 1.10%.