Rs 16.50 dividend, 1:2 bonus issue in Q4: Oil PSU's 'Q4 Double Delight'
hpcl q4 2024 quarterly results earnings dividend record date oil psu omc stock shareholders
HPCL Dividend 2024, Bonus Issue: State-owned oil company Hindustan Petroleum Limited (HPCL) on Thursday, declaring a double delight for its shareholders. The PSU has announced a final dividend along with a bonus issue in the Q4 quarterly results for the financial 2024.
HPCL Q4 Results 2024
During the quarter under review, the oil company witnessed a decline in its net profit to Rs 2,709.31 crore from Rs 3,608.32 in the same quarter last year. HPCL’s total income in the fourth quarter of FY24 came in at Rs 1,22,100.30 crore as against Rs 1,15,151.57 crore in the year ago period.
HPCL Dividend 2024
Along with announcing its quarterly results for FY24, the oil PSU also announced declared a final dividend of Rs 16.50 per share. “It is further informed that the aforesaid Final Equity Dividend of Rs 16.50 per equity share having face value of Rs 10 each (pre-bonus), which translates into final dividend of Rs 11 per equity share having face value of Rs 10 each (post-bonus) for the Financial Year 2023-24,” HPCL said in an exchange filing.
HPCL Dividend 2024 Record Date
The board of directors of the PSU has fixed August 09, 2024, as the record date to determine the eligibility of the shareholders who will receive the said dividend. “The same would be paid within 30 days from the date of declaration at the ensuing AGM,” the company said.
The final equity dividend is in addition to the Interim Dividend(s) of Rs 15 per share (pre-bonus) paid for the financial year 2023-24.