Board of Directors of defence public sector undertaking (PSU) Mazagon Dock Shipbuilders will hold meeting next month to consider 2nd interim dividend for the financial year 2024-25. The company has yet to fix the record date for the interim dividend. Mazagon Dock share price settled 2.00% lower on Bombay Stock Exchange (BSE) today to Rs 2643.35 per share. The large cap company has a market capitalisation of Rs 1,06,627.45 crore. The stock offers an impressive return on equity (ROE) of 40.47%. In last 1-month, Mazagon Dock Shipbuilders shares zoomed 24.16% and surged 184.09% in last 1-year.
Mazagon Dock Shipbuilders To Mull Dividend
According to the exchange filing of Mazagon Dock Shipbuilders dated March 28, 2025, “A meeting of the Board of Directors of Mazagon Dock Shipbuilders Limited (the Company) is scheduled to be held on Tuesday, 08 April 2025, inter-alia, to consider declaration of 2™ interim dividend for the financial year 2024-25 to the equity shareholders of the Company.”
Mazagon Dock Shipbuilders Dividend History
Mazagon Dock Shipbuilders recommended a total of 9 dividends since 2021. In last 1-year, the PSU recommended an equity dividend of Rs 35.30 per share. Its dividend yield is 0.67%. Board of Mazagon recommended highest ever dividend in 2024. It declared an interim dividend of Rs 23.19 per share with ex-dividend date set as Oct 30, 2024.
Mazagon Dock Stock Performance & Return
The 52-week high of Mazagon Dock share on BSE is Rs 2929.98 per share (as on 05/07/2024) and 52-week low price is Rs 920.48 per share (as on 28/03/2024), respectively. Mazagon Dock share rallied 17.76% year-to-date (YTD), zoomed 26.15% in last 6-months, and rose 734.79% in last 2-years. In last 3-years, the stock offered whopping returns of 2094.56%.
MDL Inks MoU With State Disaster Management Authority
Earlier this month on March 21, 2025, MDL signed an MOU with the State Disaster Management Authority, Goa for an “Al-based Wireless Disaster Detection, Rescue & Communication System” on 20 March 2025. The aim is to enhance Disaster Management and Public Safety in Goa.
Mazagon Dock About
Mazagon Dock Shipbuilders Limited is one of the leading shipbuilding yards in India. The History of Mazagon Dock dates back to 1774, when a small dry dock was constructed in Mazagon. Over the years, MDL has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy & Coast Guard. It came into existence in 1934. After its takeover by the Government in 1960, Mazagon grew to emerge as the premier war-shipbuilding yard in India.
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