Dividend Record Date Fixed: Maharatna PSU Company To Pay Rs 4/Share Dividend For FY 22-23

Maharatna status company, Bharat Petroleum Corporation Ltd on Monday fixed August 11, 2023 as the record date for payment of dividend of Rs 4 per equity share for financial year 2022-23. Last trading price of BPCL share is Rs 377.50 per share with intraday gain of 1.08%. The large cap gas & petroleum sector stock offered shareholders return of 14% in last 1-year and offers dividend yield of 1.59%. Check details below:

Bharat Petroleum Sets Record Date For Dividend: According to the exchange filing of BPCL, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this is to inform you that the Company has fixed Friday, 11th August 2023 as 'Record Date' for the purpose of determining the eligibility of the members who would be entitled for the dividend of Rs 4/- per equity share for the financial year 2022-23. The dividend is subject to the approval of the Shareholders at the ensuing Annual General Meeting(AGM) scheduled for Monday, 28th August 2023. The dividend, if approved, will be paid to the eligible members within the stipulated period of 30 days from the date of AGM."

Bharat Petroleum Dividend History: The company 38 dividends since June 18, 2001. In last 12 months, the PSU company announced an equity dividend of Rs 6.00 per share. If last trading price of Rs 377.50 of BPCL share is taken into consideration, it gives a dividend yield of 1.59%.

Bharat Petroleum Stock Performance & Return: Last trading price of BPCL share is Rs 377.50 per share on BSE. Its 52-week high price is Rs 397.80 per share and 52-week low price is Rs 288.20 per share, respectively. Its market capitalisation is Rs 81,889.29 crore. BPCL shares offered 13% return YTD, 14% return in last 1-year, declined 15% in last 2-years, fell again 8% in last 3-years, and rallied 249% in last 10-years.

About: Bharat Petroleum, a leading public sector undertaking (PSU) with 'Maharatna' status, is a national oil company engaged in the petroleum refining and marketing business, with about 21% share of marketing of oil products in the country. For navigating the future proactively and to ensure sustained competitiveness, setting up CRDC was a decisive move in the innovation-led growth strategy of the corporation.

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