19 Aug , 2022 By : Kanchan Joshi
Dividend paying stock: Bharat Petroleum Corporation Ltd or BPCL is going to trade ex-dividend today as board of directors of the PSU company has fixed 22nd August 2022 as record date for final dividend payment. The board of the state-owned oil company has announced a final dividend of rs6 per equity share for FY22. This final dividend is in addition to the two interim dividends of rs5 each paid in November 2021 and February 2022. So, total dividend paid by the oil PSU in the financial year 2021-22 is rs16 ( rs5 rs5 rs6) leading to its current annual dividend yield of around 4.60 per cent.
In its stock market exchange filing, BPCL informed about the final dividend payment citing, "The Board of Directors has recommended a final dividend of Rs. 6/- per equity share for the financial year ended 31st March 2022 subject to the approval of the shareholders at the ensuing Annual General Meeting(AGM). The final dividend would be paid 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 of rs10 each and second interim dividend of rs5/- per equity share of rs10 each paid for the financial year 2021-22 by the Company."
BPCL annual dividend yield
BPCL share price today is rs347.45 apiece (its close price on NSE on Thursday). The state-owned oil company's total dividend given in FY22 is rs16. So, current annual dividend yield of BPCL is 4.60 per cent [( rs5 rs5 rs6) / rs347.45) x 100].
In Q1 FY2022-23, BPCL reported a net loss of rs6,291 crore on holding fuel prices. The oil PSU reported a net loss of rs rs6,290.8 crore in first quarter of the current fiscal against rs3,192.58 crore in Q1FY21. Revenue from operations rose to rs1.38 lakh crore in Q1FY23 from rs89,688.98 crore in Q1FY21.
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