Rs 3/Share Dividend: PSU Stock To Pay Final Dividend, Declares Record Date

Leading large cap PSU stock from the Gas & Petroleum sector, Petronet LNG fixed August 18, 2023 as the record date for final dividend. Petronet LNG shares witnessed a rally of 0.94%. Current market price of Petronet LNG stock is Rs 226.35 per share. Check details below:

Petronet LNG Fixes Record Date For Final Dividend: According to the BSE filing of the company dated August 7, 2023, "Pursuant to the Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Record date has been fixed as Friday, 18th August 2023 for the purpose of ascertaining the entitlement of Members to the Final Dividend of Rs. 3.00 (Three Rupees only) per share (on the face value of Rs. 10/‐ each) on the equity shares of the Company for the financial year 2022‐23 recommended by the Board of Directors of the Company in their meeting held on 3rd May, 2023. If the final dividend as recommended by the Board of Directors is approved at the ensuing Annual General Meeting, payment of such dividend, subject to deduction of tax at source, will be made within 30 days from the date of approval by the shareholders in the ensuing Annual General Meeting"

Petronet LNG Stock Performance & Return: Last trading price of Petronet LNG stock price is Rs 226.35 apiece on BSE. Its 52-week high price is Rs 242.25 apiece and 52-week low price is Rs 195.75 apiece, respectively. Its market capitalisation is Rs 33,952.50 crore. Petronet LNG shares delivered return of 5% in last 1-year, again 5% return in last 2-years, and declined 7% in last 3-years.

Petronet LNG Financial Performance: The company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 11801.04 crore, down 15.74% as against last quarter total income of Rs 14,005.25 crore. It announced its recent quarter net profit after tax at Rs 819.28 crore.

Petronet LNG About: Petronet LNG Limited is one of the fastest growing world-class Public Limited Company in the Indian energy sector. It has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat with present nominal capacity of 17.5 MMTPA and another terminal at Kochi, Kerala having a nominal capacity of 5 MMTPA. The company is also exploring suitable opportunities within and outside India to expand its business presence, according to its official website.

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