Bharat Petroleum Corporation Limited (BPCL), one of the country’s largest state-owned oil companies, has announced the payment of dividend to its investors. The company will pay a dividend to its shareholders for FY23. Know how the company’s stock is today, when is its record date and what is the history of dividend of BPCL.
How much dividend will be received?
The company said in the stock filing that an interim dividend of Rs 4 per share will be given for the financial year 2023. However, the company is yet to seek the approval of its shareholders. BPCL said that it will take approval from the shareholders in the Annual General Meeting of the company to be held on August 28. After the approval of the shareholders, the company will distribute the dividend within 30 days.
When is the record date?
Along with the announcement of dividend, the company has also announced the record date. BPCL said that August 11, 2023 is the record date. Let us tell you that the record date is the day on which the company identifies who is the eligible shareholder for the dividend.
How is the dividend history of the company?
The company has distributed dividends among the shareholders 38 times since June 18, 2001. At the same time, in the last one year, the company has also distributed a dividend of Rs 6 per share and the dividend yield of the company is 1.59 percent.
stock fell more than 2 percent
Till the time of writing the news, the stock of BPCL is trading at Rs 369.25, down Rs 8.25, or 2.19 per cent, on the NSE . Let us tell you that the company’s shares have given a return of 13.21 percent so far in the beginning of this year.
Bharat Petroleum Corporation Limited (BPCL) is a Maharatna company of the Central Government. It is included in the list of large cap companies in the market and the company’s mcap is Rs 81,631 crore.
According to the company’s official website, BPCL aims to efficiently meet the country’s energy needs through refineries at Mumbai, Kochi, Numaligarh and Bina with a combined refining capacity of over 40 MMT.
BPCL was established in 1952. It is one of the leading companies in the petroleum sector in India. The company also provides fuel to domestic and international airlines. BPCL has refineries in India in Maharashtra, Kerala, Assam and Madhya Pradesh.