Rs 3/Share Dividend: Gas & Petroleum PSU Sets July 12 As Record Date, Shares Rise 41% YTD

Public sector undertaking from the gas & petroleum sector, Petronet LNG today fixed July 12, 2024 as the record date for final dividend of Rs 3.00 per share on the face value of Rs 10/- each. Last trading price of Petronet LNG share on BSE is Rs 317.85 per share with intraday fall of 1.96%. Petronet LNG Ltd share gained 40.86% year-to-date and zoomed 48% in last 6-months. The PSU has a market capitalisation of Rs 47,677.50 crore. Check key details below:

Petronet LNG Dividend: According to the regulatory filing of the PSU issued as on May 22, 2024, "Board of Directors of the Company in its above said meeting has also, inter-alia, recommended final dividend of Rs. 3.00 (Rupees three only) per share (on the face value of Rs. 10/- each) on the equity shares of the Company for the financial year 2023-24. The final dividend is subject to approval of shareholders in the forthcoming Annual General Meeting."

Petronet LNG Dividend History: Petronet LNG declared 23 dividends since May 30, 2007. In last 1-year, Petronet LNG declared an equity dividend amounting to Rs 10.00 per share. At the current share price of Rs 317.85, Petronet LNG offers a dividend yield of 3.14%.

Petronet LNG Sets Record Date For Dividend: The company today issued BSE filing informing shareholders about the record date stating, "we hereby inform that the Record date has been fixed as Friday, 12th July 2024 for the purpose of ascertaining the entitlement of Members to the Final Dividend of Rs. 3.00 (Three Rupees only) per share (on the face value of Rs. 10/- each) on the equity shares of the Company for the financial year 2023-24, recommended by the Board of Directors of the Company, in their meeting held on 22nd May 2024. If the final dividend, as recommended by the Board of Directors, is approved at the ensuing Annual General Meeting, payment of such dividend, subject to deduction of tax at source, shall be made within 30 days from the date of approval by the shareholders in the ensuing Annual General Meeting."

Petronet LNG Share Performance: The 52-week high price of Petronet LNG is Rs 333.90 per share (as on 25/06/2024) and 52-week low price is Rs 191.65 per share (as on 10/11/2023), respectively. Petronet LNG shares surged 23% in last 3-months, gained 45% in last 1-year, and offered surge of 54% in last 2-years.

Petronet LNG Q4: The PSU on May 22 announced a growth of 24% in its consolidated net profit year-on-year (YoY) to Rs 734.07 crore for the quarter ended March 2024 as against Rs 591.24 crore declared in the corresponding quarter of last year. Sequentially, Petronet announced a fall of 38% in net profit from Rs 1190 crore announced for the quarter ended December 2023.

Petronet for the quarter ended March 2024 announced its revenue from operations at Rs 13,793.16 crore as against Rs 13,873.93 declared in year ago period. It announced its Q4 consolidated total income at Rs 13,946.80 crore as against Rs 14,005.25 crore in same quarter of last year. Consolidated profit before tax for March 2024 quarter came at Rs 992.03 crore from Rs 795.7 crore in March 2023 quarter. EPS for March 2024 came at 5.10 from 4.13 in March 2023.

Petronet LNG Bonus Share History: Petronet LNG announced 1 bonus issue since July 3, 2017. The last Bonus that the PSU declared was in the ratio 1:1 with ex-bonus date fixed as July 3, 2017.

Petronet LNG About: Petronet LNG Limited is one of the fastest growing world-class Public Limited Company in the Indian energy sector. It has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat with present nominal capacity of 17.5 MMTPA and another terminal at Kochi, Kerala having a nominal capacity of 5 MMTPA. The company is also exploring suitable opportunities within and outside India to expand its business presence, according to its official website.

Disclaimer: The stock just highlights the record date for dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.