Rs 55/Share Dividend: Refineries PSU To Trade Ex-Dividend In 2-Days, Shares Hit All Time High

Refineries industry PSU Chennai Petroleum Corporation shares today scaled all time high when stock price touched 1274.00 per share in trade today on BSE. Chennai Petroleum Corporation shares gained 11.65% to Rs 1213.10 per share. Chennai Petroleum Corporation shares will trade ex-dividend on July 19, 2024 for its highest ever dividend of Rs 55/share. Chennai Petroleum Corporation shares offered eye-popping returns of 174% in last 1-year and 796% in last 3-years only.

Ace investor Dolly Khanna has 1.09% stake in Chennai Petroleum with 16,18,520 shares of the company. Check more details below:

Chennai Petroleum Corporation Shares Will Go Ex-Dividend: As per the regulatory filing of Chennai Petroleum Corporation issued on July 7, the company fixed July 19, 2024 as the record date for ascertaining the eligibility of members for payment of final equity dividend of Rs. 55/- (Rupees Fifty-five Only) per equity share on the face value of Rs. 10/- each for the year 2023-24.

CPCL Dividend History: Chennai Petroleum Corporation announced 19 dividends since August 16, 2000. In last 1-year, Chennai Petroleum Corporation announced an equity dividend amounting to Rs 27.00 per share. At the current share price of Rs 1213.10, Chennai Petroleum Corporation offers a dividend yield of 2.23%.
Chennai Petroleum Corporation's AGM To Take Place On August 7, 2024: The PSU announced that its 58th Annual General Meeting (AGM) will take place on August 7, 2024.

Chennai Petroleum Corporation Share Performance: The 52-week high price of Chennai Petroleum Corporation share on BSE is Rs 1274.00 per share (as on 16/07/2024) and 52-week low price is Rs 347.30 per share (as on 16/08/2023), respectively. It market cap stood at Rs 18,064.44 crore. Chennai Petroleum Corporation shares offered impressive returns of 73% year-to-date, zoomed 360% in last 2-years, and gained 525% in last 5-years.

Shareholding: FII/FPI decreased holdings from 15.86% to 15.77% in June 2024 quarter. Number of FII/FPI investors increased from 250 to 253 in June 2024 quarter. Mutual Funds have increased holdings from 0.22% to 0.35% in June 2024 quarter. Number of MF schemes increased from 12 to 14 in June 2024 quarter.

How To Be Eligible For CPCL Dividend: Record date plays key role in deciding eligibility of shareholders for obtaining dividend income. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. Chennai Petroleum Corporation fixed record date as July 19, 2024 for dividend of Rs 55/- per share.

Chennai Petroleum Corporation Latest Financial Results: It announced a growth of 71.9% in Q4 FY 2024 net profit to Rs 627.89 crore as against Rs 365.28 crore announced in December 2023 quarter, and Rs 1012.81 crore declared in March 2023 quarter. Revenue from operations announced at Rs 20,822.95 crore for Q4 from Rs 20, 453.94 crore declared in December 2023 quarter and Rs 21350.005 declared in March 2023 quarter.

The PSU announced total income at Rs 20,826.44 crore for the quarter ended March 31, 2024 as against Rs 20456.42 crore announced in December 2023 quarter and Rs 21,351.83 crore announced in March 2023 quarter.

Meanwhile, total expenses for March 2024 quarter declared at Rs 19,982.92 crore as compared to Rs 19,975.37 crore in December 2023 quarter and Rs 19,964.20 crore in March 2023 quarter.

Disclaimer: The stock highlights the record date for dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.