Mid Cap Pvt Shipping Company Declares Interim Dividend, Fixes Record Date, Shares Rise

Great Eastern Shipping Company Ltd is a mid-cap company. The leading private sector company declared an interim dividend of Rs 7.20 per share to the equity shareholders of the company. It has fixed the record date as November 23, 2022. The shares of the company gained over 2% after the announcement. Check key takeaways below:

1. Great Eastern Shipping Company Announces Dividend, Sets Record Date

The board of directors of the company stated, "The Board has declared an interim dividend of Rs. 7.20/- per share to the equity shareholders of the Company. The Company has fixed November 23, 2022 as 'Record Date' for the purpose of ascertaining the shareholders eligible for receiving the interim dividend. The interim dividend will be paid to the shareholders on or after December 06, 2022."

2. Great Eastern Shipping Company Stock Outlook

The last trading price of Great Eastern Shipping Company is Rs 579 apiece with 52-week high at Rs 612 apiece and 52-week low at Rs 265 apiece, respectively. The company has a market capitalisation of Rs 8518 crore.

3. Great Eastern Shipping Company Return

The stock has given return of 49% in last 5-years, 92% in last 3-years, and 72% in last 1-year.

4. Great Eastern Shipping Company About

The company came into existence in 1948 and operates in Shipping sector. From providing sea-logistics support in its initial years to venturing in tramp shipping, to diversifying into offshore oil field services, much against the industry norms, the company has often swum against the tide and in the process, turned the tides in its favour, thereby laying a path for others to follow, according to its official website.

Disclaimer

The stock provides details pertaining to interim dividend announcement and record date. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.