Rs 27/Share Dividend: PSU Stock To Trade Ex-Dividend On Aug 4 For Highest Ever Dividend

PSU gas & petroleum stock, Chennai Petroleum Corporation is all set to trade ex-dividend for final equity dividend of Rs 27/- per equity share on August 4, 2023. This is also Chennai Petroleum Corporation's highest ever dividend that it has been declaring since 2000. Last trading price of Chennai Petroleum Corporation share is Rs 414.80 per share on BSE. Chennai Petroleum Corporation stock offered its shareholders return of 261% in just last 2-years span. Check details pertaining to dividend below:

Chennai Petroleum Corporation To Go Ex-Dividend On Aug 4: The company fixed record date for dividend as August 4, 2023. As per the BSE filing of Chennai Petroleum Corporation dated July 18, 2023, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, it is hereby informed that the Company has fixed Friday, the 4^TM 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."

Chennai Petroleum Corporation Dividend History: The company till date announced 18 dividends since August 16, 2000. If current market price of Chennai Petroleum share is taken into perspective, it offers shareholders dividend yield of 0.48%.

Chennai Petroleum Corporation Stock Outlook & Return: Last trading price of Chennai Petroleum Corporation share is Rs 414.80 apiece on BSE. Its 52-week high price is quoted at Rs 458.95 per share and 52-week low price is quoted at Rs 186.50 apiece, respectively. It has a market capitalisation of Rs 6176.84 crore. Chennai Petroleum Corporation shares delivered shareholders return of 96% YTD, offered 50% return in last 1-year, 261% return in last 2-years, and 421% return in last 3-years.

Chennai Petroleum Corporation Financial Outlook: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 14,746.95 crore, down 18.12% as compared to its last quarter total income of Rs 18,010.67 crore. It declared its recent quarter net profit after tax at Rs 548.37 crore.

Chennai Petroleum Corporation About: CPCL, formerly known as Madras Refineries Limited (MRL) was formed as a joint venture in 1965 between the Government of India (GOI), Amoco and National Iranian Oil Company (NIOC). CPCL became a subsidiary of IOCL in 2001. CPCL Manali refinery is one of the most complex refineries in India with Fuel, Lube, Wax and Petrochemical feedstocks production facilities. CPCL meets the energy needs of Tamilnadu State and parts of neighbouring States, according to its official website.

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