Mishra Dhatu Nigam Announces ₹0.85 Dividend

Mishra Dhatu Nigam's board has announced an interim dividend of ₹0.85 per share for the financial year 2025-26. This distribution, approved on March 13, applies to shareholders with the face value of ₹10 per share. The company has set Thursday, March 19, as the record date for this dividend.

Investors seeking to benefit from this interim dividend must ensure their shares are purchased on or before Wednesday, March 18. This is due to India's T+1 settlement system, where shares bought on the record date will only appear in the demat account the following day. The company previously declared a dividend of ₹0.75 per share, with a record date in March 2025.

In the past year, Mishra Dhatu Nigam shares have shown resilience, delivering a 16% gain, reflecting a positive trend for defence stocks. Although the stock experienced an 11% tumble in the last week and is down 8% year-to-date, its average five-year return stands at approximately 17%.