Mazagon Dock Corporate Actions History: Stock Split and Dividends

Mazagon Dock Shipbuilders has a history of rewarding its shareholders through consistent dividends. In 2024, the company declared an interim dividend of ₹23.19 in October and a final dividend of ₹12.11 in September.

Let’s take a look at the company’s current corporate announcement and dividend distribution over the past year.

What Is the Recent Corporate Action?

Mazagon Dock Shipbuilders Limited (MDL) has announced a stock split from ₹10 to ₹5, effective December 27, 2024. This move is intended to enhance the stock’s liquidity and make it more accessible to a broader range of investors.

2024 Dividend History

In 2024, Mazagon Dock declared several dividends to reward its shareholders. On October 30, 2024, an interim dividend of ₹23.19 per share was announced, reflecting the company’s strong financial performance. In September 2024, a final dividend of ₹12.11 per share was also declared.

2023 Dividend History

Mazagon Dock demonstrated its commitment to rewarding investors in 2023 as well. The company declared an interim dividend of ₹15.34 per share on November 20, 2023, and a final dividend of ₹6.86 per share on September 20, 2023, further reinforcing its shareholder-focused approach.

Share Price Performance

On December 19, Mazagon Dock Shipbuilders’ share price traded 0.25% higher at ₹5,116.75 at 11:30 AM on BSE. The stock opened at ₹4,931.80, lower than ₹5,103.85 at the previous close. As of today, Mazagon Dock Shipbuilders has given returns of 138.35% since December 19, 2023.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.