State-owned Mazagon Dock Shipbuilders knowledgeable that the corporate’s board of Administrators of at their assembly held on Tuesday, 28 December 2021, accepted declaration of interim dividend of ₹7.10 per share. The board has declared Friday, 7 January, 2022 because the document date for reckoning eligibility of shareholders for the aim of fee of interim dividend.
“The board of administrators of Mazagon Dock Shipbuilders Restricted at their assembly held at Mumbai on 28 December 2021 accepted declaration of Interim Dividend @ 71.00% being Rs. 7.10 per fairness share aggregating to Rs. 143.20 crore to be paid out of the earnings of the Firm for FY 2021-22,” the corporate mentioned in an alternate submitting.
Shares of Mazagon Dock made inventory market debut final 12 months i.e., in October 2020. The inventory has surged to ₹273 per share stage from its IPO challenge value of ₹145, rising over 88% since itemizing. In the meantime, the scrip is up 20% in 2021 (year-to-date or YTD).
Mazagon Dock Shipbuilders is engaged in building and restore of warships and submarines to be used by the Indian Navy and different vessels for business purchasers. The corporate, which acquired the ‘Miniratna’ standing in 2006, is claimed to be the one shipyard to have constructed destroyers and standard submarines for the Indian Navy.
Supply: Live Mint