Mazagon Dock Shipbuilders has announced an interim dividend and a split of its equity shares. The decision was made during a board meeting on October 22, 2024.
What Happened: The company’s Board of Directors, in their meeting on Thursday, declared an interim dividend of ₹23.19 per share for the financial year 2024-25. The company has set Wednesday, October 30, 2024, as the “record date” for the payment of the Interim Dividend, which will be completed on or before November 20, 2024.
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In addition, the board approved the split of one equity share of the face value of ₹10 each fully paid up into two equity shares of the face value of ₹5 each fully paid up, pending shareholders’ approval. The record date for the share split will be decided post-shareholder approval through a postal ballot electronic voting process.
Price Action: Mazagon Dock’s share price was down 9.87% to close at ₹4,206 on Tuesday.
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