Brief:
Defence shipbuilder Mazagon Dock Shipbuilders Ltd has announced a final dividend of ₹2.71 per equity share (face value ₹5) for the financial year 2024-25. The company has set September 19, 2025, as the record date to determine eligible shareholders, with the Annual General Meeting (AGM) scheduled for September 26, 2025. The payout will be credited within 30 days of approval at the AGM.
Dividend Declaration
Mazagon Dock Shipbuilders, a leading defence public sector undertaking (PSU) engaged in building warships and submarines for the Indian Navy, has declared a final dividend of ₹2.71 per share for FY25. The decision reflects the company’s continued profitability and strong order execution in the defence sector.
Once approved at the AGM, shareholders whose names appear on the company’s books as of the record date will receive the payout through electronic credit within the stipulated timeline.
Record Date and Investor Eligibility
The company has fixed September 19, 2025, as the record date for determining eligible shareholders. Investors holding shares by the close of trading on this date will qualify for the dividend, while purchases made after the record date will not be entitled to the payout.
The AGM is scheduled on September 26, 2025 and will be conducted virtually, in line with regulatory norms.
Why Record Date Matters
For investors, the record date is significant as it helps them plan their dividend strategies. Long-term investors benefit from recurring payouts, while short-term traders often use dividend announcements to time their entry or exit around the ex-dividend date.
Dividend Track Record
Mazagon Dock has built a strong track record of rewarding its shareholders:
- FY24: ₹23.19 (Oct) and ₹12.11 (Sep)
- FY23: ₹15.34 (Nov) and ₹6.86 (Sep)
- FY22: ₹9.10 (Nov)
This consistent dividend distribution highlights the company’s stable financial position, aided by robust defence contracts and a growing order pipeline.
Outlook
Mazagon Dock Shipbuilders plays a key role in India’s naval modernization drive, with a healthy order book spanning submarines, destroyers, and other frontline vessels. Its consistent dividend payouts underline the company’s financial strength, making it an attractive bet for income-seeking investors as well as those eyeing long-term growth in the defence manufacturing sector.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.