Petronet LNG shares in focus as Board to hold meet on 27 Jan, 1:1 Bonus, 25 Dividends in 18 Years
Petronet has announced that the Meeting of the Board of Directors of the Company will be held on Monday, 27th January 2025, inter-alia, to consider and approve unaudited Financial Results of the Company for the quarter and nine months ended 31st December 2024.
Petronet LNG shares in focus as Board to hold meet on 27 Jan, 1:1 Bonus, 25 Dividends in 18 Years
Oil Major firm, Petronet LNG shares will be in focus on Monday, January 27, due to its Q3 results. The company has witnessed broader selling pressure and fallen by over 7% year-to-date. The company is expected to report double-digit growth in its EBITDA sequentially in Q3FY25.
The largest Oil Refineries like ONGC, GAIL, and Indian Oil hold 12.50% each in Petronet LNG. BPCL, also a leading OMC, holds 12.50% in Petronet. The other 50% of equities in Petronet LNG are backed by the Public, FIIs, FPIs, Mutual Funds, etc.
On January 24, the PSU stock stood at Rs 322.55 apiece on BSE with a market cap of Rs 48,382.50 crore. The stock had dipped by 2.4% at that time. Despite the last decline, the stock’s weekly performance is up by 1.24%. However, YTD the stock has slipped over by 7.07%. LNG distributor has rewarded its investors with bonus shares and dividends in 18 years.
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The company delivered its first bonus of a 1:1 ratio in July 2017. Since then, the company has not paid any bonus. The company paid about Rs 10 per share dividend in the last 12 months with the current dividend yield at 3.10%.
Petronet has announced that the Meeting of the Board of Directors of the Company will be held on Monday, 27th January 2025, inter-alia, to consider and approve unaudited Financial Results of the Company for the quarter and nine months ended 31st December 2024.
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