Mishra Dhatu Nigam Ltd (MDN), a prominent player in the defense sector, witnessed a significant surge in its share price, climbing over 7% in early trading on Wednesday. This uptick comes as anticipation builds around the company’s board meeting, where they will deliberate on an interim dividend for the fiscal year 2024-25. Investors are eager to see how this meeting will impact stock performance.

Key Highlights of the Board Meeting

The board of directors for Mishra Dhatu Nigam has convened today, March 19, 2025, to discuss potential dividend declarations. In a regulatory announcement made on March 12, the company revealed, “This is to inform that a Meeting of the Board of Directors of the Company has been rescheduled to be held on Wednesday, the 19th March, 2025, to inter alia consider a proposal relating to declaration of Interim Dividend for FY 2024-25.” Notably, this meeting was originally set for March 20 but was shifted to accommodate urgent discussions.

Upcoming Dividend Record Date

Investors should note that the record date for the upcoming dividend has been established for March 25, 2025. This means that Mishra Dhatu Nigam shares will start trading ex-dividend from this date. The company stated, “The revised ‘Record date’ for entitlement for aforesaid Interim Dividend, if declared by the Board, will be Tuesday, the 25th March, 2025.”

Historical Dividend Payouts

Mishra Dhatu Nigam has a history of consistent dividend payouts, with its most recent interim dividend of ₹1.41 per share issued on March 22, 2024. Prior to that, a final dividend of ₹1.67 per share was declared on September 22, 2023. In the previous fiscal year, the company distributed an interim dividend of ₹1.68 on March 23, 2023, and a final dividend of ₹1.54 on September 21, 2022.

Stock Performance Overview

Over the past month, shares of Mishra Dhatu Nigam have increased by more than 5%, indicating a positive trend. However, a year-to-date analysis shows a decline of 18%, and over the last year, the stock has dropped by 22%. Conversely, the two-year performance shows a robust increase of 48%, highlighting the stock’s volatility and long-term growth potential.

As of 9:55 AM, Mishra Dhatu Nigam shares were trading at ₹278.55, reflecting a 6.09% gain. Investors are advised to keep a close eye on the developments from today’s board meeting, as the outcomes could significantly influence stock dynamics.

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