Bharat Petroleum Corporation Limited, a government-owned company, is sharing profits with its investors by giving them Rs 21 for each share they own.
Today, the company is considered an ex-dividend stock in the stock market. It’s important to note that the government owns 53 percent of the company, while the public owns 10 percent.
Regular Dividend Payments
The company consistently shares its profits with shareholders. They recently announced a dividend of Rs 21 per share, with the record date set as today, December 12, 2023.
To provide some context, the company had previously distributed Rs 4 per share as a dividend in August.
Stock Market Performance
As of early Tuesday trade, the company’s shares were valued at Rs 447.35, reflecting a 0.55 percent increase.
Over the past month, the company’s shares have risen by 16 percent, and in the last 6 months, there has been an impressive increase of over 23 percent in the share price of Bharat Petroleum Corporation Limited.
