Today, people are watching Bharat Petroleum Corporation Ltd (BPCL) closely because they just announced a cash reward for shareholders! The company said that if you want to get a Rs 5 cash bonus for each share you own, you need to buy or hold the stock by today, January 29.
Here’s how it works: The BPCL Board of Directors met on January 22 and decided to give this bonus as an interim dividend for the financial year 2024-25. The record date, January 29, is the day they will see who owns shares and is eligible for the cash bonus.
To get this bonus, you need to have shares in your account before this date. Because of a rule called T+1 settlement, you should have bought your shares at least one trading day before the record date.
Many people are excited because BPCL has a long history of giving out dividends. Since June 2001, they have shared profits 42 times! In the past year, they have given Rs 10.50 in dividends for every share.
Currently, BPCL shares are priced at Rs 259.95, which means if you’re a shareholder, you’re getting a dividend yield of 4.04%. However, beware! The company’s stock has seen some ups and downs recently. Over the last six months, it has dropped by 20.6%. Yet, over the past year, it has gone up by 10.2%.
Stay tuned for more updates on BPCL!
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