Shares of Bharat Petroleum Corporation Ltd (BPCL) hit a 52-week high of Rs 434.45 during the afternoon trading hour on 29 November after the company declared an interim dividend of Rs 21 per equity share.

The Board of Directors of the company approved the interim dividend for the current fiscal year. The dividend translates to a 210% payout on the face value of Rs 10 per equity share.

The board has set 12 December as the record date to determine the eligibility of the shareholders who will receive the said dividend.

In its quarterly report for July-September, the company reported a consolidated net profit of Rs 8,501 crore for the quarter under review from Rs 304 crore net loss reported in the same quarter of the previous fiscal year. The surge in net profit was due to softer crude oil prices and low raw material costs.

However, the consolidated revenue fell 9% year-on-year to Rs 1.17 lakh crore during the quarter under review.

At 3:30 pm, the shares of BPCL closed 1.12% higher at Rs 429.25 on NSE.