PSU stock is giving huge dividend, before record date 20th July

Chennai Petroleum Corporation Share price: Government company Chennai Petroleum Corporation is going to give huge dividend to the investors. The company will trade as ex-dividend stock in the stock market this week. The company’s performance in the stock markets during the last one year has been quite excellent. The total stake of the government in this company till March 31, 2024 is 51.90 percent.

Profit of Rs 55 on every share

The company has said in the information given to the stock markets that it will give a dividend of Rs 55 on 1 share. The company has set the record date for this dividend as July 19, 2024. That means, investors whose names will be in the record book of the company on July 19 will get the benefit of dividend.

Last year also the company had given dividend only once

For the first time in this calendar year the company is giving. Last year also the company had given dividend only once. Then the company had given a dividend of Rs 27 on one share. Chennai Petroleum has not given bonus shares to investors even once.

Company’s performance in stock market is excellent

During the last one year, the share prices of Chennai Petroleum have seen a rise of 140 percent. That means the money of positional investors has more than doubled during this period. Talking about the last 6 months, the stock price has increased by 25.60 percent. Let us tell you, on Friday the price of shares of the company was at the level of Rs 1046.95 with a decline of 0.36 percent. The 52 week high of the company is Rs 1122.90. The 52 week low level of the company is Rs 347.30. The market cap of the company is Rs 15,590.28 crore.

The total public stake in the company is 16.14 percent. At the same time, the total stake of foreign investors is 15.77 percent.

(This is not investment advice. The stock market is subject to risks. Consult experts before making any investment.)