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Dividend Alert: Shares of Chennai Petroleum Corporation Limited (CPCL) are set to remain in the spotlight as the company has announced that it will be distributing dividends to its investors.

Dividend Stock: Shares of Chennai Petroleum Corporation Limited (CPCL)—a group company of Indian Oil Corporation Limited (IOCL)—are currently making headlines. Specifically, this state-owned oil company has approved an interim dividend for its shareholders. This decision was reached during a meeting of the company’s Board of Directors. The company has declared an interim dividend of ₹8 per share for the financial year 2025-26.

Formerly known as Madras Refineries Limited (MRL), Chennai Petroleum Corporation Limited (CPCL) was established in 1965 as a joint venture between the Government of India, Amoco, and the National Iranian Oil Company (NIOC). It is a key group company of Indian Oil.

When is the Record Date?

The company has decided to distribute a cash reward (dividend) of ₹8 per share—representing 80% of the face value—on every share with a face value of ₹10. The record date for this purpose has been fixed as April 2, 2026. This means that only those investors whose names appear in the company’s records (Demat accounts) by this date will be eligible to receive the dividend. The dividend payment is scheduled to be disbursed on or before April 25, 2026.

A Company Renowned for Dividends

Backed by Indian Oil, Chennai Petroleum Corporation is well-known for distributing attractive dividends to its shareholders. In 2025, this Public Sector Undertaking (PSU) announced a cash dividend of ₹5 per share. Prior to this, in 2024, it distributed a dividend of ₹25 per share, while in 2023, it paid out a dividend of ₹27 per share. On Friday, CPCL shares closed at ₹1,003.20, marking an increase of ₹4.50, or 0.45 percent, over the previous closing price of ₹998.70.

Reason for the Dividend

The company delivered a stellar performance in the December quarter, and this dividend is a direct result of that success. In the October-December quarter of the 2025-26 fiscal year, the company’s profit surged to ₹1,001.59 crore—a significant increase from the ₹21 crore recorded in the corresponding quarter of the previous year. During this period, operational revenue also witnessed a growth of approximately 24 percent, reaching ₹19,438 crore. The company’s Gross Refining Margin (GRM) improved to $7.72 per barrel, up from $3.40 per barrel during the same period last year.

Disclaimer: (The information provided herein is for informational purposes only. It is important to note that investments in the stock market are subject to market risks. Investors should always consult with an expert before investing their money. India Employment News does not, at any time, advise anyone to invest money.)