Mid-Cap PSU Mazagon Dock to trade ex-dividend soon
- Share.Market
- 3 min read
- 15 Apr 2025
Mazagon Dock Shipbuilders (MDL), one of the leading shipbuilding yards in India, has announced an interim dividend of ₹3 per equity share.
With the record date set for April 16, shares of Mazagon Dock Shipbuilders are set to trade ex-dividend soon. Shareholders who wish to be eligible to receive dividends should have bought the shares before the ex-date and hold them at least till the record date.
It had previously announced an interim dividend of ₹23.19 on October 30, 2024, and a final dividend of ₹12.11 on September 19, 2024. Its current dividend yield is 0.70%. Over the last three years, this stock has given exceptional multibagger returns of over 1,500%.
Moreover, its shares recently went through a stock split in the ratio of 1:2. As a result, each share with a face value of ₹10 was divided into two shares with a face value of ₹5 each.
At 10:15 AM today, its shares were trading at ₹2,607.00 apiece, up 7.17%.
Let’s take a look at its Factor Analysis scores:
The Navratna PSU has a track record of delivering 805 vessels since 1960, including 30 warships and 8 submarines. It is the only Indian shipyard to have built both destroyers and conventional submarines for the Navy. With a shipbuilding capacity of up to 40,000 DWT and advanced infrastructure, MDL is executing major projects like the Scorpene Submarines and Nilgiri-class frigates, reinforcing its role in strengthening India’s naval capabilities.
Strategically located and consistently profitable for over 20 years, MDL has a strong order book and a steady dividend track record.
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