BPCL share price trades ex-dividend today, stock down over 2% – what should investors know

BPCL share price, BCPL dividend record date 2022: Bharat Petroleum Corporation Limited (BPCL) share price declined over 2 per cent to trade below Rs 340 apiece on the NSE on Friday. The board of directors of the state-owned oil company has fixed August 22 as the record date for the payment of the final dividend. The stock is trading ex-dividend today.

The PSU company has announced to pay a final dividend of Rs 6 per share for FY22 to its shareholders. This final dividend is in addition to the two interim dividends of Rs 5 each paid in November 2021 and February 2022. The total dividend paid by the company in the financial year 2021-22 is Rs 16 ( Rs 5 + Rs 5 + Rs 6 = Rs 16).

“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),” BPCL said in the filing.

The AGM is slated to take place on August 29.

The final dividend of Rs 6 would be paid within 30 days from the date of its declaration at the AGM, the state-owned oil company said.

During the April-June quarter of the financial year 2022-23, BPCL had registered a net loss of Rs 6,291 crore on holding fuel prices, while its revenue from operations grew to Rs 1.38 lakh crore from Rs 89,688.98 crore in year-on-year (YoY).

At around 10:00 AM, the stock was trading around 1.7 per cent lower to Rs 341 per share on both the BSE and NSE as compared to a 0.01 per cent fall in the BSE Sensex and Nifty50.

BPCL share price touched a 52-week high of Rs 503 per share on September 14, 2021, and a 52-week low of Rs 293.5 per share on June 21, 2022.