According to reports from Trendlyne and HomeStocksNews, Mishra Dhatu Nigam's board announced an 8.50% dividend payout for shareholders for the ongoing financial year 2025-26. The company has approved an interim dividend of ₹0.85 per share of face value ₹10 each. The record date for this dividend has been fixed as Thursday, March 19, meaning investors must purchase shares on or before March 18 for their names to appear on the registrar's books. This represents an increase from the previous year's dividend of ₹0.75 per share with a record date of March 2025. The board meeting was convened on March 13, 2026, with the meeting commencing at 1100 hrs. and concluding at 1250 hrs.
As reported by Trendlyne and HomeStocksNews, the dividend payout by this Miniratna PSU stock is relatively weak compared to industry standards. According to Trendlyne data, in the past 12 months, Mishra Dhatu Nigam has declared an equity dividend amounting to ₹0.75 per share, resulting in a dividend yield of 0.24%. The company's dividend history shows consistency with previous years, having declared ₹0.75 per share for both FY 2023-24 and FY 2024-25. The current interim dividend of ₹0.85 per share for FY 2025-26 thus marks an increase from previous years, reflecting the company's improved financial performance. Guidance regarding the Tax Deduction at Source (TDS) applicable to this declared interim dividend will be published on the company's official website, with shareholders advised to check the 'Investors' tab on www.midhani-india.in for detailed information.
Despite the dividend announcement, Mishra Dhatu Nigam's share price ended sharply lower on Friday, tracking the broader market selloff. According to Trendlyne data, the defence PSU stock ended 5.48% lower at ₹313.05 compared to a 1.90% decline in the BSE Sensex. In the last one week, the stock has tumbled 11%, while it is down 8% year-to-date. The company's shares are subject to the Indian stock market's T+1 settlement system, meaning purchases on March 19 will only reflect in demat accounts the next day. The necessary administrative steps for distribution have been finalized, with the company typically communicating the exact date for dividend credit within 25-45 days after the record date.
Despite recent weakness, Mishra Dhatu Nigam shares have delivered 16% gains in a year, amid a bullish trend for defence stocks. As reported by Trendlyne, the average five-year return for the stock is around 17%. The company's shares are subject to the Indian stock market's T+1 settlement system, meaning purchases on March 19 will only reflect in demat accounts the next day. Shareholders on MIDHANI's books as of March 19, 2026, will be entitled to receive the ₹0.85 per equity share dividend, with the company typically communicating the exact date for dividend credit within 25-45 days after the record date.
