Cochin Shipyard To Trade Ex-Dividend Wednesday — Today Is The Last Day To Buy Shares For Eligibility

Wednesday marks the ex-date and record date for the second interim dividend payout by Cochin Shipyard Ltd., making today the last day for investors to purchase shares to qualify for corporate action.

Cochin Shipyard had declared a dividend of Rs 3.50 per equity share with a face value of Rs 5, and the record date for eligibility is set for Wednesday, Feb. 12.

Under the T+1 settlement mechanism, investors must ensure their purchase is completed a day before the record date. This means shares bought on Tuesday will be settled in time for shareholders' names to appear on the company's records on Wednesday, securing their entitlement to the dividend.

Cochin Shipyard had announced the second interim dividend on Feb. 06. This comes after a previous dividend of Rs 4 per share in Nov. 2025, disbursing Rs 105.23 crore to shareholders.

Investors aiming to benefit from the dividend must ensure their purchases are completed on Tuesday to be included in the company’s shareholder records on the record date.

Cochin Shipyard's consolidated net profit fell 28% in the third quarter of the financial year, according to the financial results declared by the company on Thursday.

The shipbuilding firm posted a bottom line of Rs 177 crore in the December quarter, compared to Rs 244 reported in the year-ago period. Revenue rose 8.6% to Rs 1,148 crore compared to the Rs 1,056 crore in the year-ago period.

• Revenue up 8.6% to Rs 1,148 crore versus Rs 1,056 crore.

• Ebitda down 23% to Rs 237 crore versus Rs 310 crore.

• Margin narrows to 20.7% versus 29.3%.

• Net profit down 27.6% to Rs 177 crore versus Rs 244 crore.

Cochin Shipyard stock rose as much as 5.07% in the previous session to Rs 1,429.95 apiece and closed 0.73% higher at Rs 1,360.90 apiece, compared to a 0.71% decline in the benchmark Nifty 50 on Monday. It has risen 55.31% in the last 12 months.

Five out of six analysts tracking the company have a 'buy' rating on the stock, and one suggests a 'sell,' according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 1,228.50, implying a downside of 10.4%.