BPCL share price hits 52-week high after giving 3% dividend yield in 2022

Dividend stock: Bharat Petroleum Corporation Ltd or BPCL share price has climbed to new 52-week high during early morning session on Thursday. After hitting intraday high of 374.90 apiece on NSE, BPCL share price today hit 52-week high on third day in a row. The dividend stock that has given dividend yield to the tune of 3% in 2022 had hit 52-week high on Friday despite sell on Dalal Street.

BPCL share price history

After ushering in the financial year 2023-24, BPCL share price bottomed out at around 328 apiece levels and from there the PSU stock has risen to the tune of 374.90 apiece levels, delivering to the tune of near 14 per cent in these near one month time. In fact the stock has remained a money making stock for its shareholders as the state-owned Fortune 500 company stock has delivered more than 20 per cent return in last six months despite remaining in base building mode till mid October 2022.

BPCL dividend history

As per the information available on BSE website, total dividend declared by BPCL in 2022 is 11 per share. This 11 per share dividend was declared on two occasions, in February 2022 and in August 2022. So, as per the BPCL dividend 2022 history, this Navratna company taded ex-dividend on two occasions. BPCL shares traded ex-dividend first on 10th February 2022 for issuance of 5 per shaer interim dividend for the financial year 2021-22. Later on, BPCL shares traded ex-diviend on 19th August 2022 for issuance of final dividend of 6 per share. Hence, those who had bought BPCL shares at the beginning of 2022, their dividend yield in 2022 from BPCL shareholding stands around 3 per cent as BPCL shares were available at around 385 apiece.

So, those who bought BPCL shares at the beginning of 2022, their absolute value may be below its investment amount but the dividend yield has pared 10 per share loss by this 11 per share dividend given away in 2022.

This Fortune 500 company has not announced any dividend in 2023.

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