Gujarat State Petronet shares go ex-dividend

Gujarat State Petronet shares rose by 0.5% on Friday despite trading ex-dividend after announcing its 18th dividend payout since September 2006.

This is the 18th dividend payout by Gujarat State Petronet since September 16, 2006. Image Courtesy: GSPC Group

Gujarat State Petronet shares rose half a per cent on Friday, even as the stock of the state-run natural gas transmission company’s stock traded ex-dividend. The stock of Gujarat State Petronet rose by Re 1.4, or 0.5 per cent, to Rs 277.7 apiece on BSE.

The company had announced a dividend of Rs 5 per equity share with a face value of Rs 10 with a record date of September 1, 2023.

This is the 18th dividend payout by Gujarat State Petronet since September 16, 2006, according to stock analysis portal Trendlyne.

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What happens when a stock goes ex-dividend?

The ex-dividend date is the day on which a stock starts to change hands among investors at a price adjusted without the value of its dividend.

There are three types of important dates associated with each type of corporate action such as a dividend: the announcement date, the record date and the ex-date.

The announcement date is the date on which a dividend is declared.

The record date is the date determining the shareholders eligible to benefit from a particular corporate action, such as a dividend. An investor must own a stock on the record date in order to receive the dividend in future.

The ex-date, or ex-dividend date, is the day on which the actual adjustment takes place in the price of the stock. This value is determined by subtracting the dividend announced earlier.

Here’s a brief history of dividends announced by the company in the recent past:

Ex-Date	Dividend Amount	Record Date
Sept. 1, 2023	5	Sept. 1, 2023
Sept. 1, 2022	2	Sept. 2, 2022
Sept. 8, 2021	2	Sept. 9, 2021
Sept. 9, 2020	2	Sept. 10, 2020
Sept. 12, 2019	2	-
Sept. 19, 2018	1.75	-
Sept. 20, 2017	1.5	-
Sept. 14, 2016	1.5	-
Sept. 15, 2015	1.2	-
Sept. 18, 2014	1	-
Sept. 19, 2013	1	-
Sept. 13, 2012	1	-
Sept. 15, 2011	1	-
Sept. 13, 2010	1	-
Nov. 26, 2009	0.75	-
Sept. 15, 2008	0.5	-
Sept. 10, 2007	0.5	-
Sept. 15, 2006	0.25	-

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