New Delhi, Sept. 17 -- GRSE vs Cochin Shipyard dividend: Shares of Garden Reach Shipbuilders & Engineers Limited and Cochin Shipyard Limited surged during Thursday's trading session ahead of dividend record date. Both the defence Public Sector Undertakings (PSUs) have announced a dividend for the financial year 2025-26.

GRSE's board of directors had announced an interim dividend of Rs.6.75 per equity share for the financial year 2025-26. The defence PSU has announced a 67.5% interim dividend for FY26.

Cochin Shipyard's board of directors had recommended and approved a final dividend of Rs.1.5 per equity share with a face value of Rs.5 each. Considering its face value, the defence PSU has announced 30% final dividend.

The defence PSUs h...