Exciting News for Mazagon Dock Shipbuilders Shareholders
In a significant move, Mazagon Dock Shipbuilders, a prominent government shipbuilding company, has announced a final dividend of ₹12.11 per share for the financial year 2023-24. This announcement was made in May 2024, and it showcases the company’s commitment to rewarding its shareholders. The eligibility for this dividend hinges on a record date set for September 19, 2024, just around the corner. Shareholders who are registered in the Company’s Register of Members or are recognized as beneficial owners of shares in the depositories will be entitled to this dividend.
Prior Dividends and Total Payout
In addition to the final dividend, Mazagon Dock Shipbuilders has already provided an interim dividend of ₹15.34 for the financial year 2024. When combined, the total dividend distribution for the financial year amounts to ₹27.45 per share. This consistent dividend policy highlights the company’s strong financial health and its dedication to returning value to its investors.
Strong Dividend Track Record
Mazagon Dock Shipbuilders has established a commendable track record in terms of dividend payments. Over the past five years, the company has been committed to distributing dividends, continuing to enhance shareholder value with each passing year. This reliability has made Mazagon Dock a favorable choice for income-focused investors.
Company Performance Overview
In addition to its attractive dividend offerings, the company has seen impressive stock performance, with shares climbing approximately 23% over the past year. Such growth is an encouraging indicator of the company’s strategic direction and operational efficiency, appealing to both current and potential investors.
Upcoming Annual General Meeting
To keep shareholders informed and engaged, Mazagon Dock Shipbuilders has scheduled its 91st Annual General Meeting (AGM) on September 26, 2024. This meeting will provide a platform for shareholders to learn more about the company’s performance, strategy, and future outlook, enhancing transparency and fostering community amongst stakeholders.
Summary of Key Dividend Information
| Dividend Type | Amount (₹) | Record Date |
|---|---|---|
| Interim Dividend | 15.34 | Already paid |
| Final Dividend | 12.11 | September 19, 2024 |
| Total Dividend | 27.45 | – |
