Chennai Petroleum Corporation Limited (CPCL), a key group company of IOCL, has fixed Friday, August 1, 2025, as the record date for its final dividend of ₹5 per equity share. This is great news for long-term investors.
The ₹5 dividend, which makes up 50% of the face value (₹10 per share), was recommended by CPCL’s board on April 25, 2025. It will now go for final approval at the Annual General Meeting (AGM). If shareholders agree, the company will pay the dividend within 30 days from the date of the AGM.
What This Means for Shareholders
If you own shares of Chennai Petroleum as of August 1, you’ll be eligible to get the dividend. But remember, just owning the stock on that date isn’t enough. You must buy the stock at least 2 trading days before the record date (i.e., by July 30) to be eligible due to T+1 settlement.
Important Dividend Details
| Particulars | Details |
|---|---|
| Dividend Per Share | ₹5.00 |
| Face Value | ₹10.00 |
| Record Date | August 1, 2025 |
| Payment Date | Within 30 days from AGM (if approved) |
TDS on Dividend: What You Must Know
As per the Income Tax Act, dividends are taxable. So CPCL will deduct tax at source (TDS) before paying you the dividend. To avoid excess deduction, submit your TDS-related documents to the company before August 13, 2025.
Whether you are an individual investor or an institution, check the company’s website for the full TDS guide. Filing the right form (like 15G/15H) could reduce or remove TDS depending on your income.
Chennai Petroleum Corporation Limited is a Government of India company. It’s part of the Indian Oil Corporation group. CPCL plays a big role in refining and supplying fuel to South India. With strong financials and steady dividend payouts, it’s a stock many investors keep on their radar.
This ₹5 dividend is a positive signal from Chennai Petroleum. It shows confidence in the company’s profits for FY 2024–25. If you’re a shareholder or planning to invest, mark August 1 on your calendar and keep your tax forms ready.
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