Shares of Mazagon Dock Shipbuilders surged by 2.77% in early trading today to ₹4,127.20 on the NSE, ahead of the company’s record date on October 30, which determines eligibility for dividends and a stock split.
Key Highlights:
- Record Date: October 30, 2024, for eligibility of dividends and stock split.
- Dividend: The board has recommended an interim dividend of ₹23.19 per equity share (face value of ₹10) for FY 2024-25.
- Stock Split: Mazagon Dock Shipbuilders also announced a stock split, expected to enhance liquidity and make the stock more affordable to retail investors.
Today marks the last opportunity for investors to buy Mazagon Dock shares to be eligible for these benefits. The company, along with other dividend-focused stocks like CRISIL, is set to attract attention as investors aim to secure dividends before the ex-dividend date.
