BPCL declines ex-dividend

BPCL fell 2.1% to Rs 863.60 at 09:21 IST on BSE as the stock turned ex-dividend for dividend of Rs 22.50 per share for the year ended 31 March 2015.

Meanwhile, the BSE Sensex was up 355.06 points, or 1.35%, to 26,560.90

On BSE, so far 11,768 shares were traded in the counter, compared with an average volume of 1.54 lakh shares in the past one quarter.

The stock hit a high of Rs 869 and a low of Rs 849.95 so far during the day. The stock had hit a record high of Rs 987 on 23 July 2015. The stock had hit 52-week low of Rs 598.35 on 26 September 2014.

The large-cap company has an equity capital of Rs 723.08 crore. Face value per share is Rs 10.

Ahead of turning ex-dividend, the BPCL stock offered dividend yield of 2.55% based on the scrip's closing price of Rs 882.15 on BSE yesterday, 27 August 2015.

BPCL's net profit jumped 95.4% to Rs 2376.16 crore on 22.9% decline in total income to Rs 52296.12 crore in Q1 June 2015 over Q1 June 2014.

BPCL is a state-run oil refining-cum-marketing company. The Government of India holds 54.93% stake in BPCL (as per the shareholding pattern as on 30 June 2015).

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