PSU Defence Stock Recommends Rs 3.50/Share Dividend, Zooms 157% In 6-Months

Multibagger public sector undertaking Cochin Shipyard shares rallied 1.98% in trade today to end at Rs 877.70 per share. Board of Directors of Cochin Shipyard on January 30 recommended its 2nd interim dividend of Rs 3.50 per share of Rs 5/- each fully paid (70%) for the FY 2023-24. Cochin Shipyard shares zoomed 83% in last 3-months and 157% in last 6-months. Check details below:

Cochin Shipyard Declares 2nd Interim Dividend: As per the BSE filing of the company dated Jan 30, 2024, "declared 02nd interim dividend of Rs. 3.50 per equity share of Rs. 5/- each fully paid-up (70%) for the financial year 2023-24."

Cochin Shipyard Sets Record Date For Interim Dividend: The company fixed Monday, February 12, 2024 as the Record Date for the aforesaid interim dividend.

Cochin Shipyard Stock Performance & Return: Last trading price of Cochin Shipyard shares on BSE is Rs 877.70 apiece. The 52-week high price of Cochin Shipyard stock on BSE is Rs 898.45 apiece and 52-week low price is Rs 205.50 apiece, respectively. Its market capitalisation is Rs 23,090.60 crore. Cochin Shipyard shares rallied 415% in last 2-years and gained 402% in last 3-years. In last 5-years, Cochin Shipyard shares rallied 386%.

Cochin Shipyard Stock Split In 2023: Cochin Shipyard shares traded ex-split in the proportion of 2:1 on January 10, 2024. As per the BSE filing dated Dec 14, "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, the Company has fixed Wednesday, January 10, 2024 as the Record Date for the purpose of determining the eligibility of shareholders for sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 2 (Two) Equity Shares of face value of Rs. 5/- (Rupees Five Only) each fully paid up."

Dividend For Q2: The company on November 7, 2023, "Declared an interim dividend of Rs. 8.00 per equity share of Rs. 10 each fully paidup (80%) for the financial year 2023-24. Fixed Monday, November 20, 2023 as the Record Date for the aforesaid interim dividend."

About: Cochin Shipyard was incorporated in the year 1972 as a fully owned Govt of India company. In the last three decades the company has emerged as a forerunner in the Indian Shipbuilding & Ship repair industry. This yard can build and repair the largest vessels in India. It can build ships up to 1,10,000 DWT and repair ships up to 1,25,000 DWT. The yard has delivered two of India's largest double hull Aframax tankers each of 95,000 DWT, according to its official website.

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