The defence sector stocks are in the spotlight this September as five companies line up for dividend payouts in the next few weeks. Apollo Micro Systems, Cochin Shipyard, Garden Reach Shipbuilders & Engineers (GRSE), Bharat Dynamics, and Mazagon Dock Shipbuilders will all trade ex-dividend this month.
Let’s take a look at each of them –
Apollo Micro Systems
Apollo Micro Systems has declared a final dividend of Rs 0.25 per share on September 8. This makes it the first defence stock to go ex-dividend in the month.
The share price of Apollo Micro Systems has delivered strong returns in 2025. In the last five days, it surged 13%. On a one-month basis, the rally extended to 70%. Year-to-date, it has already gained 150%. The stock also hit a 52-week high of Rs 321 apiece.
Cochin Shipyard
Cochin Shipyard will go ex-dividend on September 12 with a final dividend of Rs 2.25 per share.
In terms of share performance, Cochin Shipyard share price gained 2% in the past five sessions. Over six months, it delivered a 27% return. So far in 2025, the stock is up by 5%.
Garden Reach Shipbuilders & Engineers (GRSE)
Garden Reach Shipbuilders has declared a final dividend of Rs 4.90 per share and will go ex on September 12. The ex-dividend date will mark another key corporate action in the defence sector this month.
The share price of Garden Reach Shipbuilders has been volatile in recent weeks. It rose 2% in the last five days but slipped nearly 4% over a month. Still, the year-to-date return stands at 47%. The counter also touched a 52-week high of Rs 3,538.40.
Bharat Dynamics
Bharat Dynamics will go ex-dividend on September 19 with a final dividend of Rs 0.65 per share.
The stock has seen mixed movement in recent weeks. It edged up 1% in five days but slipped 3% in a month. Over six months, Bharat Dynamics share price rallied 27%. Year-to-date, it has returned 28%. The counter also tested a 52-week high of Rs 2,096.60.
Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders will trade ex-dividend on September 19 with a final dividend of Rs 2.71 per share.
Looking at its performance, Mazagon Dock share price rose 3% in the last five days. On a one-month basis, it gained 2%, while in six months it added 16%. So far in 2025, the stock has surged 19%, making it one of the consistent movers in defence stocks.
What it means for investors
The ex-dividend date is the day when a stock’s price adjusts for the upcoming payout.
Investors holding shares till the record date will be eligible for the dividend. With Apollo Micro Systems, Cochin Shipyard, GRSE, Mazagon Dock, and Bharat Dynamics set to trade ex-dividend, the defence sector will remain in sharp focus this September.