GRSE Interim Dividend: Key Dates Investors Must Know
Shareholders of Garden Reach Shipbuilders & Engineers Ltd (GRSE) have a crucial deadline approaching today. The company has announced that investors who wish to receive the ₹5.75 per share interim dividend must complete their share purchases by the end of trading hours on November 10.
Understanding the Record Date and T+1 Settlement
The record date for determining eligible shareholders has been fixed for tomorrow, November 11. Due to India's T+1 settlement cycle, where trades settle one business day after the transaction, investors need to purchase shares at least one day before the record date to qualify for the dividend payment.
This means today represents the final opportunity for new investors to buy GRSE shares and become eligible for the dividend distribution. The company's Board of Directors approved this interim payout during their meeting held on November 4.
Dividend Details and Historical Comparison
The interim dividend of ₹5.75 per equity share applies to shares with a face value of ₹10 each. This substantial payout for FY2025-26 amounts to approximately ₹65.87 crore, which will be distributed from the company's profits for the half-year ended September 30, 2025.
When compared to previous dividend distributions:
- The company paid an interim dividend of ₹8.95 per share in February 2025
- A final dividend of ₹4.90 per share was distributed in September 2025
- Over the past 12 months, GRSE has declared total equity dividends of ₹13.85 per share
At the current share price of ₹2,683.10, Garden Reach Shipbuilders & Engineers Ltd. offers a dividend yield of 0.52%, providing regular income to its shareholders alongside potential capital appreciation.
This consistent dividend history demonstrates the company's commitment to sharing profits with its investors while maintaining strong financial health in the shipbuilding and engineering sector.
