BPCL drops ex-dividend

BPCL fell 1.56% to Rs 690 at 09:44 IST on BSE as the stock turned ex-dividend today, 5 September 2014, for dividend of Rs 17 per share for the year ended 31 March 2014 (FY 2014).

Meanwhile, the BSE Sensex rose 78.80 points, or 0.29%, to 27,164.73

On BSE, so far 20,585 shares were traded in the counter, compared with an average volume of 1.92 lakh shares in the past one quarter.

The stock hit a high of Rs 693 and a low of Rs 686 so far during the day. The stock hit a record high of Rs 722 on 3 September 2014. The stock hit a 52-week low of Rs 261.60 on 3 September 2013.

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

Before turning ex-dividend, the stock offered a dividend yield of 2.42% based on the closing price of Rs 700.90 on Thursday, 4 September 2014.

BPCL's net profit surged 709.1% to Rs 1216.26 crore on 13.7% rise in net sales to Rs 66749.65 crore in Q1 June 2014 over Q1 June 2013.

The Government of India (GoI) holds 54.93% stake in BPCL (as per the shareholding pattern as on 30 June 2014).

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