Shares of state-owned Mazagon Dock Shipbuilders fell by 5.3% to day’’s low of Rs 4,420 on BSE today as the company’s board meeting to consider and approve its Q2 results along with an interim dividend and stock split is due later in the day.“We hereby intimate the Stock Exchanges as per the provisions of Regulation 29 of the SEBI(LODR) Regulations, 2015, that a meeting of the Board of Directors of Mazagon Dock Shipbuilders Limited is scheduled on Tuesday, 22 October 2024, inter alia, to consider: a) Declaration of Interim Dividend for the financial year 2024-25 b) Sub-division/ Split of Equity Shares of the company pursuant to the provisions of section 61(1)(d) of the Companies Act, 2013,” said the company in a filing to the exchanges.Further, the company had also informed that the record date for the purpose of determining the eligible shareholders for the interim dividend has been fixed as October 30.In the past 12 months, Mazagon Dock Shipbuilders has declared an equity dividend amounting to Rs 27.45 per share and at a share price of Rs 4,666.50, the company’s dividend yield is 0.59%, according to the data available on Trendlyne.Catch All Hyundai IPO Share Price Listing Live Updates HereMeanwhile, in case the company proceeds with a stock split, this will be the first ever instance of the company doing so.In the last one year, the shares of the company have given multibagger returns of 124.8% while surging 104.3% and 113.2% in the current year so far and the last 6 months respectively.The shares of Mazagon Dock closed 3% higher at Rs 4,665.65 on the BSE on Monday.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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