What is a dividend?
It is known that when a company makes a profit, it also gives some of the profit to its shareholders. This part is called a dividend.
This is the second dividend that shareholders will receive this year. Earlier, the final dividend of Rs 4 per share was announced by the company on May 22. The stock market is gaining momentum due to strong global signals and buying by foreign investors.
The market is moving towards a new peak. Nifty intraday has crossed the level of 20,000. Due to various triggers, selected shares are also gaining momentum. Currently, only one stock in the PSU sector is in focus. The share of Bharat Petroleum Corporation Limited
i.e., BPCl is on the radar because the interim dividend was approved on Wednesday.
In the information given to the exchange on November 29, the government company said that the interim dividend for the financial year 2023–24 has been approved. Under this, an interim dividend of Rs 21 per share will be given on the face value of Rs 10. For this, the record date has been fixed for December 12. Let us tell you that this is the second dividend that shareholders will receive in 2023. Earlier on May 22, the company declared a final dividend of Rs 4 per share.
BPCL stock at Next level
BPCL shares are trading at a 52-week high on the BSE. The share touched the level of Rs 426.45 intraday, which is also a one-year high. The stock has given positive returns of 22 percent in the last month. The stock has risen to Rs 90.55 in 2023.
Bharat Petroleum Corporation Limited gave a big gift to its shareholders on November 29, 2023. A profit of Rs 21 per month has been announced. This means you will get Rs 21 on every share. While giving information to the exchange regarding dividends, the company said that its record date will be December 12, 2023.
Earlier, BPCL had announced a profit of Rs 4 per share on August 11. This is the biggest profit being given by the company after two years, i.e., after September 2021.
Today, the BPCL share price was trading on the rise. Around 11.30 am, it was at Rs 432.65 with a rise of 1.97 percent on BSE and at Rs 432.60 with a rise of 1.91 percent on NSE.
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