BPCL slips 5% as payout falls below investor expectations

Mumbai: Shares of Bharat Petroleum Corporation (BPCL NSE 0.72 %) slid 5 per cent to Rs 431.90 on Wednesday after the oil marketer’s second interim dividend fell below investors’ expectations.

The state-owned company’s board at its meeting on Tuesday declared an interim dividend of Rs 5 per share at a face value of Rs 10 each. The record date for the dividend is March 27.