BPCL Dividend: A Brief Overview

Bharat Petroleum Corporation Limited (BPCL) is a state-owned oil and gas company in India. On November 29, 2023, BPCL announced an interim dividend of Rs 21 per share given the face value of Rs 10 per share, a 210 per cent payout ¹. The board has set December 12, 2023, as the record date to determine the eligibility of the shareholders to receive the said interim dividend .

BPCL Dividend: A Brief Overview

BPCL is one of the leading oil and gas companies in India. The company has a strong presence in the downstream sector and is engaged in the refining, marketing, and distribution of petroleum products. BPCL has a wide network of retail outlets and is known for its high-quality products and services.

BPCL Dividend: Record Date and Payment Date

The record date for BPCL dividend is December 12, 2023 . This means that shareholders who hold BPCL shares as of this date will be eligible to receive the interim dividend. The payment date for the dividend has not been announced yet. However, it is expected to be paid within a few weeks of the record date.

BPCL Dividend: History and Yield

BPCL has a good track record of paying dividends to its shareholders. The company has been paying dividends consistently over the years and has a good dividend yield. The current dividend yield of BPCL is around 4.9% . This makes it an attractive investment option for investors who are looking for regular income.

BPCL Dividend: Impact on Share Price

The announcement of the BPCL dividend is likely to have a positive impact on the share price of the company. Dividends are a sign of a company’s financial strength and stability. They also indicate that the company is committed to sharing its profits with its shareholders. This can help to boost investor confidence and attract more investors to the company.

BPCL Dividend: Conclusion

In conclusion, the BPCL dividend of ex-date 12-Dec is a positive development for the company and its shareholders. The dividend is a sign of the company’s financial strength and stability and is likely to have a positive impact on the share price of the company. Investors who hold BPCL shares as of the record date will be eligible to receive the interim dividend. The payment date for the dividend is expected to be announced soon. BPCL has a good track record of paying dividends to its shareholders and has a good dividend yield. This makes it an attractive investment option for investors who are looking for regular income.