Dividend stock: BPCL board to consider interim dividend for FY24 on November 29

Bharat Petroleum Corporation Ltd (BPCL) shares were in demand on Wednesday after the state-run oil marketing company said its board is scheduled to meet on November 29 to consider an interim dividend for the current financial year

State-run Bharat Petroleum Corporation Ltd (BPCL) is a state-run oil marketing company (OMC). | Image: Reuters

BPCL divdend board meeting date: Bharat Petroleum Corporation Ltd (BPCL) shares were in demand on Wednesday a day after the state-run oil marketing company said its board will meet on November 29 to consider an interim dividend for the current financial year. If declared, it will be the OMCs fifth dividend announcement within a span of two years.

The stock of Mumbai-headquartered Bharat Petroleum Corporation finished the day with a gain of Rs 13.9, or 3.6 per cent, at Rs 402 apiece on BSE. During the session, BPCL shares jumped by as much as Rs 14.7, or 3.8 per cent, to Rs 402.8 apiece on BSE, or 4.3 per cent, to Rs 402 apiece on the bourse, coming within about Rs 4 of a 52-week high registered last week.

The stock ended higher by Rs 14.3, or 3.7 per cent, at Rs 402.3 apiece on NSE, within inches of its intraday high of Rs 402.8 apiece.

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BPCL board to meet on November 29 to consider dividend

"Pursuant to Regulation 29(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that a meeting of the Board of Directors would be held on Wednesday, 29th November 2023, to consider the proposal of declaration of interim dividend for the Financial Year 2023-24 and fixation of Record date," BPCL said in a regulatory filing post-market hours on Tuesday.

What is a record date?

It is the cut-off date that determines the shareholders entitled to receive an already-announced dividend.

Here's a brief history of BPCL dividends:

BPCL dividend history

Dividend announcement date	Dividend ex-date	Dividend amount in rupees per share	Dividend Type
May 22, 2023	August 11, 2023	4	Final
May 25, 2022	August 19, 2022	6	Final
January 31, 2022	February 10, 2022	5	Interim
October 29, 2021	November 11, 2021	5	Interim
May 26, 2021	September 16, 2021	23	Final
May 27, 2021	September 16, 2021	35	Special
March 16, 2021	March 25, 2021	5	Interim
February 8, 2021	February 17, 2021	16	Interim
March 12, 2020	March 23, 2020	16.5	Interim
May 20, 2019	August 21, 2019	8	Final
February 8, 2019	February 21, 2019	11	Interim
May 29, 2018	August 31, 2018	7	Final
February 9, 2018	February 22, 2018	14	Interim

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