Dividend Stock: This Indian Oil-linked company is paying a dividend of ₹8; what is the record date, and when will the payment be made?
Shares of Chennai Petroleum Corporation Limited (CPCL)—backed by Indian Oil Corporation Limited (IOCL)—are expected to remain in the spotlight over the next few days. The state-run oil company has approved an interim dividend for its shareholders. This decision was taken during the company's Board meeting.
Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL), was established in 1965 as a joint venture between the Government of India, Amoco, and the National Iranian Oil Company (NIOC). It is one of the key group companies of Indian Oil.
**What was announced regarding the Chennai Petroleum Corporation Dividend for 2026?**
It is hereby informed that the Board of Directors, in its meeting held on March 26, 2026, has declared an interim dividend of ₹8 per equity share—each having a face value of ₹10—for the financial year 2025-26.
— CPCL (via Exchange Filing)
**What is the Record Date for the CPCL Dividend (2026)?**
CPCL stated that the Board has fixed Thursday, April 2, 2026, as the "Record Date" for the purpose of determining the eligibility of shareholders for the payment of the interim dividend.
**CPCL Dividend Payment Date (2026)**
In a regulatory filing, Chennai Petroleum Corp stated that the interim dividend will be paid to eligible shareholders on or before April 25, 2026.
**CPCL Dividend History**
Indian Oil-backed Chennai Petroleum Corporation is known for rewarding its shareholders with attractive dividends. In 2025, this Public Sector Undertaking (PSU) announced a cash dividend of ₹5 per share. Before this, in 2024, it distributed a dividend of ₹25 per share, while in 2023, it paid a dividend of ₹27 per share. CPCL Share Price
CPCL shares closed today at ₹1,003.20, an increase of ₹4.50, or 0.45 percent, over the previous closing price of ₹998.70.
Chennai Petroleum Corp Q3 FY26 Results
Chennai Petroleum Corporation Limited reported a consolidated profit of ₹1,001.59 crore for the October-December 2025 quarter, driven by consistently excellent operational performance. The Chennai-headquartered company had posted a net profit of ₹20.78 crore in the corresponding quarter of the previous financial year.
CPCL, a group company of IndianOil Corporation Limited, stated in a press release that for the nine months ended December 31, 2025, the company's net profit rose to ₹1,680.85 crore, compared to a net loss of ₹255.83 crore recorded in the corresponding period of the previous year.
During the October-December quarter, CPCL achieved a crude oil throughput of 2.79 million metric tonnes, up from 2.55 million metric tonnes in the corresponding period of the previous year.
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