Great Eastern Shipping sets November 12 as last date to buy shares for interim dividend

Investors have until today, November 12, to buy shares of Great Eastern Shipping Company to qualify for its second interim dividend of ₹14.40 per share for the 2027 financial year. The board declared this payout following a meeting on November 6, which represents a 144 percent payout on a face value of ₹10 per share.

Dividend Details

The company fixed November 13 as the record date to decide eligible shareholders. Because Indian stock markets use a T+1 settlement cycle, buyers must purchase the stock by November 12, as it trades ex-dividend on November 13. The payout will reach eligible shareholders on or after December 1.

Payout History

This marks the fourth interim dividend declared by the company in the 2027 financial year so far. Previous payouts included ₹9 per share in February, ₹11.70 in May, and ₹14.40 in August. In the preceding 2026 financial year, the company distributed a total of ₹28.80 per share across three interim payouts.

Stock Performance

The latest dividend of ₹14.40 translates to a dividend yield of roughly 1 percent based on the November 11 closing price of ₹1,435.30. The trailing 12-month dividend yield stands near 2.95 percent based on total payments of ₹42.30 per share. Over longer periods, the stock gained 29.45 percent over one year, 89.44 percent over three years, and 325.53 percent over five years, despite recent short-term dips including an 8.68 percent decline over the past week.

Context

Companies frequently reward shareholders through interim dividends when they maintain steady cash flows and healthy earnings throughout the financial year. Tracking record dates and settlement cycles is vital for investors seeking to capture these short-term corporate payouts.