Indian Oil Dividend 2024 Announcement, Indian Oil Dividend 2024 Record Date: Indian Oil Corporation Limited or IOCL, a PSU stock, is all set to announce dividend for its shareholders. The state-run company has informed about the dividend announcement date through an exchange filing. Indian Oil dividend yield is nearly 4 per cent.
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If IOCL board announces dividend at its upcoming meeting, then it would be the finan dividend by the company for financial year 2023-24.
Indian Oil is a public sector company under the administrative control of Ministry of Petroleum and Natural Gas.
IOC Dividend 2024 Announcement
Indian Oil has informed that its board will meet on April 30 to consider and approve a proposal for dividend payment to its shareholders.
A dividend is a reward that a company pays to its shareholders for their investment in the company. It is usually paid in cash from earnings.
“A Board Meeting of the Company is scheduled on Tuesday, 30 April 2024…,” IOCL said in a regulatory filing dated April 10.
“…consider declaration of final dividend for the financial year 2023-24, if any, at the aforesaid Board Meeting,” the filing added.
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IOC Dividend 2024 Record Date
The board of IOCL will likely announced the dividend record date as well along with the amount.
A record date is a day that enable a company yo determine the eligibility of shareholders’ participation in the next dividend or upcoming corporate action.
IOC Dividend Yield
Indian Oil shares have a high dividend yield of 3.80 at the current market price of Rs 172 apiece.
IOC Dividend History
According to BSE website, IOC had in 2023 paid dividend on two occasions — Rs 5 in November and Rs 3 in July. In 2022, the state-run company paid dividend twice to its investors — Rs 2.40 in August ad Rs 4 in February.
Back in 2021, Indian Oil had distributed dividend on four occasions to its investors — Rs 5 in November, Rs 1.50 in August, Rs 3 in March and Rs 7.50 in February.
IOC Share Price History
Indian Oil is a constituent of S&P BSE 100. According to BSE analytics as on April 12, IOC shares have climbed 26 per cent in the last 3 months. In six months, the PSU stock has rallied a whopping 89 per cent. IOC shares have more than doubled investors money in a year, zooming 119 per cent. Indian Oil shares have made its investors richer by 195 per cent in the last 3 years, as per analytics.
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Indian Oil shares have a 52-week range of Rs 196.80 – Rs 76.76 on BSE. The company commands a market cap of Rs 2,40,908.33 crore.
