MULTIBAGGER PSU STOCK: 173% UP IN 2024! RECORD DATE FIXED FOR 45% PAYOUT TO SHAREHOLDERS - PAYMENT IN OCTOBER

Multibagger PSU Stock: Shares of a state-owned shipbuilding company are set to be in focus in trade in the coming sessions as the PSU has fixed the record date for its FY24 final dividend payout. Notably, the BSE 500 PSU stock has delivered bumper returns to its shareholders in the past.

BSE 500-listed Cochin Shipyard on Saturday informed about its book closure period for the FY24 final dividend payout. “We wish to inform you that the Register of Members and Share Transfer Books of the Company shall remain closed from September 24, 2024 to September 30, 2024 (both days inclusive),” the PSU said in an exchange filing.

Cochin Shipyard Dividend 2024

Multibagger PSU’s board of directors had in May 2024 declared a 45 per cent dividend for the shareholders of the company. Cochin Shipyard board had recommended a final dividend of Rs 2.25 per equity share of Rs 5 each for the financial year 2023-24. It has now fixed the record date for the purpose.

Cochin Shipyard Dividend 2024 Record Date

To determine who will be eligible to receive the 45 per cent payout for FY24, Cochin Shipyard has fixed September 23, 2024 as the record date. This means that the shareholders’ name must appear in the company’s record at the close of business hours on the record date.

Cochin Shipyard Dividend 2024 Payment Date

In its exchange filing, the PSU has said that the dividend, if approved at the 52nd AGM, shall be disbursed (subject to TDS) by October 29, 2024 i.e., within 30 days from the date of approval.

2024-09-07T10:31:43Z dg43tfdfdgfd