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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 9.3%

Chennai Petroleum Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-19₹55.00annually2024-09-06
2023-08-04₹27.00annually2023-09-21
2022-08-11₹2.00annually
2022-08-08₹2.00annually2022-09-22
2018-08-14₹18.50annually2018-09-23
2017-08-14₹21.00annually2017-09-23
2016-08-30₹4.00annually2016-10-07
2012-08-30₹2.00annually2012-10-11
2011-08-29₹12.00annually2011-10-12
2010-08-20₹12.00annually2010-10-06
2008-08-22₹12.00annually2008-10-01
2008-05-29₹5.00annually2008-07-01
2007-08-24₹12.00annually2007-10-01
2006-08-16₹9.00annually2006-09-04
2006-02-13₹3.00annually2006-03-01

Chennai Petroleum Dividend per year

Chennai Petroleum Dividend growth

Chennai Petroleum Dividend Yield

Chennai Petroleum current trailing twelve-month (TTM) dividend yield is 9.3%. Interested in purchasing Chennai Petroleum stock? Use our calculator to estimate your expected dividend yield:

Chennai Petroleum Financial Ratios

P/E ratio12.29
PEG ratio0.12
P/B ratio1.14
ROE8.64%
Payout ratio0.00%
Current ratio1.04
Quick ratio0.30
Cash Ratio0.00

Chennai Petroleum Dividend FAQ

How much is the next Chennai Petroleum dividend?
Chennai Petroleum's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Chennai Petroleum dividend. The next Chennai Petroleum dividend will be released in August.
When is Chennai Petroleum dividend paid?
Chennai Petroleum pays dividends on a annually basis. The specific dates may vary each year but are generally around August. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Chennai Petroleum pay?
The specific amount of Chennai Petroleum dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Chennai Petroleum's dividend history.
Does Chennai Petroleum stock pay dividends?
Yes, Chennai Petroleum does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Chennai Petroleum's dividend history.
How much dividend does Chennai Petroleum pay?
Chennai Petroleum paid ₹55.0 in 2024, ₹27.0 in 2023, ₹4.0 in 2022, ₹0.0 in 2021, and ₹0.0 in 2020.
How often does Chennai Petroleum pay dividends?
Chennai Petroleum typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around August.
What is Chennai Petroleum's dividend yield?
The current dividend yield for Chennai Petroleum is 9.3%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Chennai Petroleum's exact dividend yield.
When does Chennai Petroleum go ex dividend?
Chennai Petroleum's ex-dividend date for the latest dividend was on 2024-07-19. Chennai Petroleum typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Chennai Petroleum dividend paid?
Chennai Petroleum pays dividends on a annually basis, typically around August, but the exact dates can vary each year.
Will Chennai Petroleum increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Chennai Petroleum will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Chennai Petroleum dividend per share?
Chennai Petroleum paid ₹55.0 per share in 2024 and ₹27.0 per share in 2023. The amount of dividend per share that Chennai Petroleum pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Chennai Petroleum a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Chennai Petroleum a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Chennai Petroleum a dividend stock?
Yes, Chennai Petroleum is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Chennai Petroleum a good dividend stock?
Whether Chennai Petroleum is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Chennai Petroleum has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Chennai Petroleum pay dividends monthly?
Chennai Petroleum typically pays dividends on a annually basis.
Does Chennai Petroleum pay dividends quarterly?
Chennai Petroleum currently pays dividends on a annually basis.
Has Chennai Petroleum ever paid a dividend?
Yes, Chennai Petroleum has a history of paying dividends to its shareholders. Chennai Petroleum is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Chennai Petroleum dividend stocks?
To buy Chennai Petroleum you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Chennai Petroleum stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Chennai Petroleum pay dividends 2024?
Chennai Petroleum pays dividends on a annually basis. 2024 dividend payments are in 2024-09-06. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Chennai Petroleum increase its dividend in 2024?
Decisions regarding Chennai Petroleum dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Chennai Petroleum dividend overview you can look into the above table of dividend history.
How Chennai Petroleum dividend works?
The Chennai Petroleum dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Chennai Petroleum's dividend process works:

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.
How are Chennai Petroleum dividends paid?
Chennai Petroleum dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Chennai Petroleum pay dividends?
Chennai Petroleum typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Chennai Petroleum pay dividends?
The general pattern is that Chennai Petroleum pays dividends around August. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Chennai Petroleum dividend safe?
The safety of Chennai Petroleum's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.