Chennai Petroleum announces Rs 8 per share dividend, sets April 2 as record date. Check dividend yield

State-run Chennai Petroleum Corporation's board on Thursday announced an interim dividend of Rs 8 per share for the financial year 2025-26. The company set Thursday, April 2 as the record date to determine which shareholders will be eligible to receive the dividend.

The interim dividend will be paid to the eligible shareholders on or before April 25, 2026, a company filing to the exchanges said.

Shares of Chennai Petroleum ended with minor gains (0.21%) on the NSE at Rs 1,000.

Chennai Petroleum shares are market outperformers, delivering returns of over 60% in the past year. The rally comes amid volatile and largely weak market conditions. The Broader Nifty is down over 1% while the BSE Sensex is 3% lower in the same period.

Its shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 914 and Rs 818, respectively, according to Trendlyne data.

Chennai Petroleum Corporation (CPCL), formerly known as Madras Refineries Limited (MRL) was formed as a joint venture in 1965 between the Government of India (GOI), AMOCO, and National Iranian Oil Company (NIOC). The present shareholders are IOCL, NICO, and others holding 51.89%, 15.40%, 32.71% shares respectively.

Also read: Dividend alert! TVS Holdings announces Rs 86 interim dividend; check record date

Dividend history

Chennai Petroleum has declared 17 dividends since Aug. 12, 2004, Trendlyne data revealed. In the past 12 months, Chennai Petroleum has declared an equity dividend amounting to Rs 5 per share. At the current share price of ₹1003.3500, Chennai Petroleum's dividend yield is 0.50%.

The company reported a stellar set of numbers in Q3FY26. The company posted a consolidated net profit of Rs 1,002 crore in the December-ended quarter, a growth of 4720% YoY. In the corresponding period of the last financial year, the profit after tax (PAT) stood at Rs 21 crore.

The total revenue in the quarter under review stood at Rs 15,712 crore, recording a YoY growth of 21.5% over Rs 12,930 crore in Q3FY25.

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