Chennai Petroleum Corporation Limited produces and supplies petroleum products in India. The company's principal products include liquefied petroleum gas, motor spirit, superior kerosene oil, aviation turbine fuel, high speed diesel, naphtha, bitumen, hexane, mineral turpentine oil, lube base stock, petrochemical feedstocks, paraffin wax, and petcoke. It also provides furnace oil, sulphur, light diesel oil, extracts, and paving bitumen; and propylene, poly butyne feed-stock, methyl ethyl ketone feed, and linear alkyl benzene feedstock. The company was formerly known as Madras Refineries Limited and changed its name to Chennai Petroleum Corporation Limited in June 2000. The company was incorporated in 1965 and is based in Chennai, India. Chennai Petroleum Corporation Limited is a subsidiary of Indian Oil Corporation Limited.
Chennai Petroleum Dividend Announcement
• Chennai Petroleum announced a annually dividend of ₹55.00 per ordinary share which will be made payable on 2024-09-06. Ex dividend date: 2024-07-19
• Chennai Petroleum annual dividend for 2024 was ₹55.00
• Chennai Petroleum annual dividend for 2023 was ₹27.00
• Chennai Petroleum's trailing twelve-month (TTM) dividend yield is 8.95%
Chennai Petroleum Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-19 | ₹55.00 | annually | 2024-09-06 |
2023-08-04 | ₹27.00 | annually | 2023-09-21 |
2022-08-11 | ₹2.00 | annually | 2022-09-22 |
2022-08-08 | ₹2.00 | annually | |
2018-08-14 | ₹18.50 | annually | 2018-09-23 |
2017-08-14 | ₹21.00 | annually | 2017-09-23 |
2016-08-30 | ₹4.00 | annually | 2016-10-07 |
2012-08-30 | ₹2.00 | annually | 2012-10-11 |
2011-08-29 | ₹12.00 | annually | 2011-10-12 |
2010-08-20 | ₹12.00 | annually | 2010-10-06 |
2008-08-22 | ₹12.00 | annually | 2008-10-01 |
2008-05-29 | ₹5.00 | annually | 2008-07-01 |
2007-08-24 | ₹12.00 | annually | 2007-10-01 |
2006-08-16 | ₹9.00 | annually | 2006-09-04 |
2006-02-13 | ₹3.00 | annually | 2006-03-01 |
Chennai Petroleum Dividend per year
Chennai Petroleum Dividend growth
Chennai Petroleum Dividend Yield
Chennai Petroleum current trailing twelve-month (TTM) dividend yield is 8.95%. Interested in purchasing Chennai Petroleum stock? Use our calculator to estimate your expected dividend yield:
Chennai Petroleum Financial Ratios
Chennai Petroleum Dividend FAQ
Other factors to consider when evaluating Chennai Petroleum as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Chennai Petroleum's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Chennai Petroleum publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Chennai Petroleum distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Chennai Petroleum are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Chennai Petroleum sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Chennai Petroleum distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Chennai Petroleum declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Chennai Petroleum's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Chennai Petroleum's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.