October 3, 2022
Today the shares of this government company will be X dividend, today the stock price is Rs 340 Bharat Petroleum Corporation Limited

Today the shares of this government company will be X dividend, today the stock price is Rs 340
Bharat Petroleum Corporation Limited ie BPCL is going to be ex-dividend today. The board of directors of the PSU company has fixed 22 August 2022 as the record date for dividend pay.

Bharat Petroleum Corporation Limited ie BPCL is going to be ex-dividend today. The board of directors of the PSU company has fixed 22 August 2022 as the record date for dividend pay. The board of the state-owned oil company has announced a dividend of ₹6 per equity share for FY22. The company’s shares are trading today at Rs 340.65, down about 2%.

What did the company say?
In a stock market exchange filing, BPCL had informed about the final dividend payment, “The Board of Directors has recommended a final dividend of Rs.6 per equity share for the financial year ended March 31, 2022, subject to the approval of the shareholders of the final dividend. The payment will be made within 30 days from the date of its declaration at the AGM. The final dividend is in addition to the first interim dividend of Rs.5/- per equity share. Its face value is Rs.10.

So much less profit in the first quarter
Public sector company Bharat Petroleum Corporation Limited (BPCL) has declined in profits. BPCL’s profit declined 27.6 per cent to Rs 1,501.65 crore in the April-June quarter of the current financial year. BPCL, which is on the path of privatization, had a net profit of Rs 2,076.17 crore in the corresponding quarter of the last financial year. Let us tell you that the government is going to sell its entire 52.98 percent stake in BPCL. Of the three companies that have shown interest to buy stake, two are foreign companies.

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