Mazagon Dock Shipbuilders is not just about building warships and submarines. It is also about rewarding the shareholders. This defence PSU has declared a final dividend, and has now fixed the record date.
Let’s take a look at the record date, eligibility, and other key details of the issue –
Mazagon Dock Shipbuilders Dividend: Dividend announcement and timeline
The defence PSU, Mazagon Dock has declared a final dividend of Rs 2.71 per equity share (face value of Rs 5 each) for the financial year 2024-25.
According to the company’s exchange filing, the dividend, once approved at the Annual General Meeting (AGM), will be distributed within 30 days.
Mazagon Dock Shipbuilders Dividend: Record date
The record date is crucial here. Investors on the company’s books as of September 19, 2025 (Friday) will be eligible to receive this final dividend.
Furthermore, the AGM itself is scheduled for September 26, which is to be held virtually.
Mazagon Dock Shipbuilders Dividend: Why the record date matters
For investors, the record date is the cut-off line that decides eligibility. If you hold Mazagon Dock shares by the close of trading on September 19, you will qualify for this dividend.
Now, those buying after that date will not be eligible for the payout. This is what makes the timing of the record date a key piece of information for both long-term holders as well as for the short-term traders eyeing dividend plays.
Mazagon Dock Shipbuilders Dividend: Recap of the dividends
In 2024 alone, the company announced dividends of Rs 23.19 in October and Rs 12.11 in September.
The year before, it declared Rs 15.34 per share in November and Rs 6.86 in September.
Going further back, in November 2022, the payout stood at Rs 9.10 per share.
Mazagon Dock share performance
On the market front, the share price of Mazagon Dock rose nearly 25% in the past five trading sessions, but over the last month, it slipped around 6%. If you check the list of defence sector stocks, most stocks have been under pressure in the last 1 month.
On a one-year basis, the stock has still managed a healthy 17% return, and so far in 2025, it has gained about 19%.
The company has a market capitalisation of Rs 1.08 lakh crore. Its 52-week range stretches from a high of Rs 3,775 to a low of Rs 1,918.05.