Updated Apr 25, 2025 15:41 IST
Indian Oil-backed PSU declares Rs 5 dividend payment on each stock (Pic: ET NOW)
According to an exchange filing by Chennai Petroleum, its board has approved a proposal for paying 50% dividend or Rs 5 on each stock of Rs 10 face value. This is the final dividend announced by the Indian Oil-backed PSU for FY2025.
“The Board of Directors of the Company have recommended an Equity Dividend (Final) of 50 % for Financial Year 2024-2025 i.e, Rs.5 /- per equity share of face value Rs. 10/- each on the paid up share capital…,” Chennai Petroleum said in a filing.
Chennai Petroleum said that the dividend payment is subject to the approval of shareholders at ensuing annual general meeting (AGM) of the company.
Chennai Petro Dividend 2025 Record Date
On the dividend record date, Chennai Petroleum said that the “the record date for payment of final dividend would be intimated in due course”.
“The final dividend would be paid within 30 days from the date of declaration at the AGM,” Indian Oil-backed company added in the filing.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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