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Cochin Shipyard is one of the defense sector companies that have enriched investors through strong stock market returns. The share price of the company has seen an increase of more than 90 percent in the last 6 months. Let us tell you that the company has announced to pay dividend for the third time in 2023. The record date for this dividend has also been fixed.
The company is paying a dividend of Rs 105 per share on record date today
Record date next week
Cochin Shipyard, in a disclosure to the stock markets, has said that a dividend of Rs 8 per share will be paid to eligible investors. The company has declared 20 November 2023 as the record date for the dividend. Let us tell you that earlier in the month of September the company had given a dividend of 3 rupees per share and in the month of February it had given a dividend of 7 rupees per share.
Investors pounced on the IPO as soon as it opened, fully subscribed in the first hour, GMP made everyone happy.
Cochin Shipyard’s revenue in the March quarter was Rs 576.97 crore. Total net profit of defense stocks during this period has been Rs 47.34 crore. Let us tell you that the government’s participation in the company is 72.9 percent. At the same time, the public’s share is about 20 percent.
Stock market performance has been strong
In the last 3 months, this government company has managed to gain more than 33 percent in the stock market. At the same time, investors who bet a year ago have made a 61.8 percent profit so far. Let us tell you that the 52 week high of the company is Rs 1258 per share and the 52 week low is Rs 411 per share. Let us tell you that the price of the company’s shares was Rs 1078.65 per share at the time of market closing on Thursday.