PSU Oil Drilling Company's Record Date For Rs. 7 Dividend On Nov. 22, Buy Stock?

Petronet LNG Ltd., a PSU oil drilling and exploration company had declared a special dividend of Rs. 7, on the face value of Rs. 10 each. The record date for the said dividend will be on November 22. Prabhudas Lilladher, a leading brokerage firm had earlier given the stock a buy rating with a target price of Rs. 325. The current market price of the stock is around Rs. 212.90/ share. The special interim dividend shall be paid on Monday, 5th December, 2022.

The company recently declared a Special Interim Dividend for the financial year 2022-23. Petronet LNG Ltd. informed the stock exchanges, "Pursuant to the Regulation 42 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Record date has been fixed as Tuesday, 22nd November 2022 for the purpose of ascertaining the entitlement of Members to the Special Interim Dividend of Rs. 7 per share (on the face value of Rs. 10/- each) on the equity shares of the Company for the financial year 2022-23 declared by the Board of Directors of the Company in their meeting held on 9th November 2022. The above said declared special interim dividend shall be paid on Monday, 5th December, 2022. The dividend warrants would be posted on Monday, 5th December, 2022 and within 30 days from the date of declaration of special interim dividend as provided in the Companies Act, 2013."

In the past 1 month this stock's share price gained by 5.14%. The 52-week high level of this stock is Rs. 232, and the 52-week low level of this stock is Rs. 190.25. The largecap stock's market capitalization is around Rs. 31,837 crore. The PSU is currently fetching a dividend yield of 5.42%.

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