Stock Market: The stocks of defence firm Mazagon Dock Shipbuilders Ltd will be divided. The company’s stock is set to be divided into two sections. Subsequently, the nominal value of the company’s shares will drop to Rs 5. Mazagon Dock Shipbuilders has revealed the record date for the stock split. This is the month. This firm, known for its multibagger returns, has informed the stock markets that a share valued at Rs 10 will be split into two sections.
Will reduce to Rs 2 per share following this split
The nominal value of the company’s shares will reduce to Rs 2 per share following this split. Mazagon Dock Shipbuilders has set 27 December 2024 as the record date. In other words, the company’s stock will be distributed on this date. On October 30 of this year, the firm was traded as a stock without dividend eligibility. Subsequently, the firm issued a dividend of Rs 23.19 for each share to qualified investors. Likewise, in September of this year, Mazagon Dock Shipbuilders Limited also traded without the dividend.
The company subsequently distributed a dividend of Rs 12.11 to its qualifying investors. On October 30 of this year, the company was traded without the dividend. Subsequently, the company distributed a dividend of Rs 23.19 per share to qualifying investors. In a similar manner, during September of this year, Mazagon Dock Shipbuilders Limited also went ex-dividend. Subsequently, the firm distributed a dividend of Rs 12.11 to its qualified investors. In the past month, the share prices of Mazagon Dock Shipbuilders have increased by over 20 percent in the last 2 months.
A return of 115 percent in 2024
Investors who have held the stock for 6 months have realized a profit of 53 percent to date. Mazagon Dock has provided a return of 115 percent in 2024. The company’s share price has risen by 457.95 percent over 2 years and 1736 percent over 3 years.
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