MDL Dividend Soon; Firm to declare 2nd interim dividend on April 8
Mazagon Dock Shipbuilders Ltd schedules board meeting on April 8, 2025, to discuss the 2nd interim dividend for FY 2024-25. Shares closed at Rs 2,643.00, down 1.94%, but have surged over 24% in the past month.
State-run Defence PSU firm, Mazagon Dock Shipbuilders Ltd has announced that the company would hold board meeting on 8th April to consider and approve the 2nd interim dividend for their shareholders.
As per the exchange filing made, 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.
Shares of Mazagon Dock were ended at Rs 2,643.00 low by 1.94% at NSE. The stock has been trading higher over 24% in last one month.
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Currently, the dividend yield is at 0.67% with market capitalization standing at Rs 1.07 lakh crore. Compared to the current market price, the stock is overvalued by 78%, as per brokerage analysts. The stock was last split the face value of its shares from Rs 10 to Rs 5 in 2024.
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