Oil Sector Miniratna Stock Recommends Rs 27/Share Final Dividend, Fixes Record, Up 88.96% In 6 Months

Chennai Petroleum Corporation Limited (CPCL), one of the leading group companies of IndianOil Corporation Ltd. (IOCL), has recommended a final dividend of Rs 27/- per share on the face value of Rs 10 for the financial year 2022-23. Along with the Dividend, the Board also Fixed the record date for the said dividend as Friday, Aug 04, 2023, dividend payout.

CPCL is a midcap oil sector Miniratna category stock. The company has a market cap of Rs 6,585.61 Crore.

"the Board of Directors of Chennai Petroleum Corporation Limited at their Board Meeting had recommended a final equity dividend of Rs. 27/- per share for the financial year 2022-23, subject to the approval of the members of the Company in the forthcoming Annual General Meeting (AGM) of the Company," the company said in an exchange filing.

It added, "The Company has fixed Friday, the 4th August, 2023 as the "Record date" for the purpose of ascertaining the eligibility of members for payment of final equity dividend of Rs. 27/- (Rupees Twenty-Seven Only) per equity share on the face value of Rs. 10/- each for the year 2022-23."

On Monday, the stock of Chennai Petroleum Corporation closed 0.23% down at Rs 442.25 apiece on BSE. The stock is trading 3.78% away from its 52-week high of Rs 458.95 apiece. While its 52-week low is Rs 186.50 apiece.

The stock gained 4.60% in 1 week. It gained 17.03% in 1 month, 67,17% in 3 months and 88.96% in 6 months, respectively. It gained 59.37% in 1 year. While the stock gave 258.53% in 2 years, and 403.70% in 3 years, respectively. It gave 55.89% in 5 years.

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