Garden Reach Shipbuilders & Engineers Ltd Dividend 2024, Record Date, Share Price, History

News: Garden Reach Shipbuilders & Engineers Ltd (GRSE) is a prominent player in the engineering and heavy industry sector. As an investor or someone interested in financial news, you might be curious about the company’s dividend history, share price, and significant events. Let’s delve into the details!

Dividend Announcement

On January 30, 2024, GRSE declared an interim dividend of Rs. 7.92 per share. This dividend reflects the company’s commitment to rewarding its shareholders.

Record Date

The record date for this dividend is February 23, 2024. If you own GRSE shares on or before this date, you’ll be eligible to receive the dividend.

Historical Context

To understand the significance of this dividend, let’s take a quick look at GRSE’s recent dividend history:

1. May 24, 2023: GRSE announced a final dividend of Rs. 0.70 per share. This was the last dividend before the current interim dividend.

3. GRSE has consistently rewarded its shareholders through dividends, reflecting its financial stability and commitment to long-term investors.

Share Price Trends

GRSE’s share price can be volatile due to market dynamics, industry trends, and company-specific factors. As of February 21, 2024, the share price stands at Rs. 7.92. Keep in mind that share prices can fluctuate based on various factors, so it’s essential to stay informed.

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Investment Considerations

Before making any investment decisions, consider the following:

1. Company Fundamentals: Research GRSE’s financial health, order book, and growth prospects.

2. Market Trends: Keep an eye on broader market trends and industry developments.

3. Risk Tolerance: Understand your risk tolerance and investment horizon.

About Garden Reach Shipbuilders & Engineers Ltd :

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has a rich history that dates back to 1884 when it began as a small workshop dedicated to repairing vessels for the River Steam Navigation Company. Over time, it evolved into a significant player in the engineering and heavy industry sector. Let’s explore some key aspects of GRSE:

Genesis and Evolution

1. Founded in 1884, GRSE initially operated as a private company on the eastern bank of the Hooghly River.

2. In 1934, it was officially registered under the Indian Companies Act, 1913, and renamed as Garden Reach Workshops (GRW) Limited¹.

Shipbuilding and Repair

1. GRSE is a leading shipyard located in Kolkata.

2. It specializes in the construction and repair of both commercial and naval vessels.

3. Additionally, GRSE is involved in building export ships.

GRSE’s dividend announcement and share price are crucial aspects for investors. As the company continues its operations and projects, staying informed about such financial updates is essential. Remember to consult with a financial advisor before making any investment choices.

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