# GRSE and Cochin Shipyard dividends: record date set for Sept 18 2026-09-17T05:51:33+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Garden Reach Shipbuilders & Engineers (GRSE) and Cochin Shipyard have fixed Friday, September 18 as the record date for their dividend payouts, making Thursday the last day for investors to buy shares to qualify for the dividend. GRSE's board declared an interim dividend of Rs 6.75 per share, a 67.5% payout for FY26. Cochin Shipyard approved a final dividend of Rs 1.5 per share, amounting to 30% on its face value of Rs 5. Over the past year, GRSE has paid a total dividend of Rs 12.9 per share, yielding 0.55%, while Cochin Shipyard's total dividend of Rs 7.5 per share yields 0.57%. GRSE shares traded at Rs 2,338 on Monday, down 9.95% over one year but up 35.89% over two years. Cochin Shipyard traded at Rs 1,322.80, down 30% over one year but up 138% over three years. Both stocks have market capitalisations above Rs 26,000 crore. ## Indian Opinion Analysis Both shipbuilders are central to the government's naval modernisation and 'Make in India' defence production push. Their dividend policies, while separate, reflect a consistent pattern for profitable PSUs: steady payouts to retain investors. For GRSE, the 67.5% interim dividend comes as its stock has fallen nearly 10% in a year from its peak. For Cochin Shipyard, the 30% final dividend is a modest yield on a stock that has tripled over three years. The differing market capitalisations and ROE figures show two distinct phases: GRSE appears near a valuation trough, while Cochin Shipyard may be consolidating after a long rally. Investors will watch the September record date for the immediate payout, but the longer signal is each PSU's order book from the Navy and the government's defence budget allocation for the next fiscal, both pending later this year. ## Coverage - livemint.com Tags: Cochin Shipyard, defence PSU, dividend, Garden Reach Shipbuilders, stock market Canonical: https://indianopinion.org/grse-and-cochin-shipyard-dividends-record-date-set-for-sept-18/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/grse-and-cochin-shipyard-dividends-record-date-set-for-sept-18/#story-in-brief