Dividend Up To Rs 16.50/Share: 2 Oil PSUs To Go Ex-Dividend In August, Check Eligibility

Two leading public sector undertakings namely Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd shares will go ex-dividend on August 9, 2024. Earlier, HPCL declared 1:2 bonus share and fixed June 21 as the record date while BPCL too declared 1:1 bonus issue and set June 22, 2024 as the record date. Last trading price of Hindustan Petroleum Corporation Ltd share on BSE is Rs 376.45 per share. Last trading price of Bharat Petroleum Corporation Ltd share on BSE is Rs 328.70 per share. More details below:

1. HPCL Dividend: The BSE filing stated, "It is further informed that the aforesaid Final Equity Dividend of Rs.16.50 per equity share having face value of Rs. 10/- each (pre-bonus), which translates into final dividend of Rs. 11 per equity share having face value of Rs. 10/- each (post-bonus) for the Financial Year 2023-24, subject to the approval of the shareholders of the Company." HPCL has set August 9 as record date and ex-dividend date as well.

HPCL declared bonus share as well in the proportion of 1:2 and set June 21, 2024 as the record date.

HPCL Dividend History: HPCL declared 35 dividends since July 27, 2000. In last 1-year, the oil PSU declared an equity dividend amounting to Rs 15.00 per share. At the current share price of Rs 376.45 per share, HPCL shares offer dividend yield of 3.98%. Adjusting for Bonus/Splits the dividend yield is 2.66%.

HPCL Bonus Share History: It announced 2 bonus shares since September 14, 2016. The last bonus issue that HPCL declared was in the ratio 1:2 with ex-bonus date fixed as July 11, 2017.

HPCL Share Performance: The 52-week high price of HPCL shares on BSE is Rs 396.66 per share (as on 03/06/2024) and 52-week low price is Rs 159.58 per share (as on 26/10/2023), respectively. The company's market capitalisation stood at Rs 80,101.88 crore. HPCL shares soared over 10% in last 1-week, gained 41% year-to-date, offered return of 87% in last 1-year, and zoomed 145% in last 2-years.

How to be eligible for HPCL Dividend? Record date is crucial in announcing eligibility of shareholders for fetching dividend. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. HPCL fixed August 9, 2024 as the record date for dividend.

2. BPCL Dividend: BPCL Issues Record Date For Dividend: According to the latest exchange filing issued on a weekend, "the Company has fixed Friday, 9th August 2024 as 'Record Date' for the purpose of determining the eligibility of the members who would be entitled for the final dividend of Rs 10.5/- per equity share for the financial year 2023-24. The final dividend is subject to the approval of the Shareholders at the ensuing Annual General Meeting (AGM) proposed to be held in August 2024. The date of the AGM will be informed separately. The final dividend, if approved, will be paid to the eligible members within the stipulated period of 30 days from the date of AGM."
The Maharatna PSU Bharat Petroleum Corporation Ltd (BPCL) fixed August 9, 2024 as the record date for final dividend of Rs 10.5/- per equity share for the financial year 2023-24. Earlier, it announced 1:1 bonus issue and fixed June 22, 2024 as the record date.

BPCL Dividend History: Bharat Petroleum Corporation announced 41 dividends since June 18, 2001. In last 1-year, Bharat Petroleum Corporation announced an equity dividend amounting to Rs 25.00 per share. At the current share price of Rs 328.70, Bharat Petroleum Corporation Ltd.'s dividend yield is 7.60%. Adjusting for Bonus/Splits the dividend yield is 3.80%.

How to be eligible for BPCL Dividend? Record date holds great significance in declaring eligibility of shareholders for obtaiing dividend. Shareholders whose name reflect in company's shareholders record as on the record date will be eligible to receive dividend income. Record date is the specific day on which a company confirms the list of shareholders eligible for its dividend distribution. BPCL fixed August 9, 2024 as the record date for dividend.

BPCL Q1 Results: BPCL on July 19, 2024 announced a fall of 71% in its standalone net profit at Rs 3015 crore for Q1 of the financial year 2024-25 as against the net profit of Rs 10,551 crore reported in the corresponding quarter of last year. The chief factor behind the fall in net profit was weak gross refining margins (GRMs) and higher crude oils prices due to geopolitical tensions. Sequentially, net profit fell 29% as BPCL announced a profit of Rs 4224 crore for the fourth quarter of FY2024.
Revenue from operations stayed flat at Rs 1.28 lakh crore for the Q1 financial year 2024-25. BPCL's EBITDA slipped 62% from the last year at Rs 6,155 crore.

BPCL Share Performance: BPCL has a market capitalisation of Rs 1,42,605.48 crore. BPCL shares gained over 8% in last 1-week, jumped 39% in last 6-months, rose 70% in last 1-year and rallied 106% in last 2-years. The 52-week high price of Bharat Petroleum Corporation share on BSE is Rs 343.83 per share (as on 16/02/2024) and 52-week low price is Rs 165.75 per share (as on 26/10/2023), respectively.

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