BPCL Shares Tank Over 4% After It Announces 2nd Interim Dividend Of Rs. 5/ Share

Shares of Bharat Petroleum Corporation (BPCL) slipped over 4 percent in intra-day trade on March 17, 2021 to day's low price of Rs. 434.5 per share on the NSE. On the BSE, the stock made a high of Rs. 446.6, while a low of Rs. 434.6 in today's session.

On Tuesday (March 16), state -run oil refining major announced a second interim dividend of Rs. 5 per share for the fiscal year 2021. In an exchange filing, the company said "The Board of Directors has declared 2nd Interim Dividend of Rs.5/- per equity share of face value Rs.10/- each for the Financial Year 2020-21".

BPCL Shares Tank Over 4% After It Announces 2nd Interim Dividend Of Rs. 5/ Share

The fall in the share price of BPCL comes as Street expected dividend declaration by BPCL in the range of Rs. 40-50 per share.

The record date to determine the eligibility of shareholders to receive the dividend has been fixed as Saturday, March 27.

The interim dividend will be paid or the warrants in respect thereof would be posted on or before 12th April, 2021.

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