Cochin Shipyard has declared an equity dividend of 90% amounting to Rs 9 per share. Cochin Shipyard informed the exchanges on 04th January 2021 that the company’s Board of Directors has declared the dividend for FY 2021.
This is the interim dividend declaration for the financial year ended 20-21.
The board has approved payment of interim dividend of Rs 9/- per equity share of Rs 10/- each fully paid up.
The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, has being fixed as Thursday, 14th January, 2021.The dividend shall be paid to the eligible shareholders on or before February 2, 2021, the company added.
The record date for the dividend is January 14 and the ex-dividend date is January 13. The earliest dividend payout, as per the company, will be on February 2, 2021.
Cochin Shipyard Dividend Percentage & Record Date
| Cochin Shipyard Dividend Type | Interim |
| Cochin Shipyard Dividend Price | Rs. 9/- |
| Cochin Shipyard Dividend Announcement Date | 04-01-2021 |
| Cochin Shipyard Dividend Ex-Dividend Date | 13-01-2021 |
| Cochin Shipyard Dividend Record Date | 14-01-2021 |
| Cochin Shipyard Dividend (%) | 90 % |
| Cochin Shipyard Dividend Payment Date | 02-02-2021 |
| Cochin Shipyard Quarterly Result | Q2 |
| Face Value (FV): | Rs. 10 |
| Financial year | 2020-21 |
| Board Meeting held on | 04-01-2021 |
Cochin Shipyard Dividend Important Dates
| Cochin Shipyard Dividend Price | Rs.9 /- |
| Cochin Shipyard Dividend Record Date | 13th January 2021 |
| Cochin Shipyard Dividend Payment Date | 14th February 2021 |
Cochin Shipyard Dividend History
You can view Announcement Date, Effective Date, Dividend Type (Interim, Final and Special), and Percentage of Dividend given information for Cochin Shipyard Interim Dividend:
• Declared interim dividend of Rs. 9/- per equity share of face value of Rs. 10/- each for the financial year 2020-21.
• The Company has fixed 14th January 2021 as the “Record Date” for the purpose of payment of Interim Dividend on Equity Shares for the Financial Year 2020-21, if declared by the Board’. The Interim Dividend shall be paid to the Members on ( Payment Date of Cochin Shipyard Dividend ) 02th February 2021.
The company has a good dividend track report and has consistently declared dividends for the last 5 years.
| Announcement Date | Effective Date | Dividend Type | Dividend (%) | Remarks |
|---|---|---|---|---|
| 04-01-2021 | 13-01-2021 | Interim | 90.00 | Rs.9 per share |
| 22-06-2020 | 21-09-2020 | Final | 150.00 | Rs.15 per share |
| 13-11-2019 | 21-11-2019 | Interim | 16.30 | Rs.1.63 per share |
| 21-05-2019 | 05-08-2019 | Final | 130.00 | Rs.13 per share |
| 24-05-2018 | 06-08-2018 | Final | 120.00 | Rs.12 per share |
About Cochin Shipyard
Cochin Shipyard was incorporated in 1972 as a Government of India company, with the first phase of facilities coming online in 1982. The company has Miniratna status. The yard has facilities to build vessels up to 1.1 million tons and repair vessels up to 1.25 million tons, the largest such facilities in India.
Cochin Shipyard Ltd (CSL) is the largest shipbuilding and maintenance facility in India. It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India.
Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. Presently it is building the first indigenous aircraft carriers for the Indian Navy, the INS Vikrant.
The government finalised the decision of stake sale on 18 November 2015. 33.9 million (33.9 million) shares of face value Rs. 10 Each will be sold, out of which the government is holding 113,000 shares while the others are fresh equity.
The shipyard also trains graduate engineers in marine engineering.[6] Around one hundred students are trained each year.
How To Check Eligibility for Cochin Shipyard Dividend?
To determine whether you should get a dividend, you need to look at two important dates. They are the “record date” or “date of record” and the “ex-dividend date” or “ex-date.”
When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend.
Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date.
If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Cochin Shipyard Dividend FAQs
What is Cochin Shipyard dividend price?
Company declared Final dividend of Rs 9/- per equity share of face value of Rs.10/- each for the financial year 2020-21.
What is Record date for Cochin Shipyard dividend?
The Cochin Shipyard dividend record date is Thursday, 14th January 2021.
What is Cochin Shipyard dividend payment Date?
Cochin Shipyard dividend payout date is 02th Feb 2021.
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