IOC: Indian Oil Dividend Announcement 2024

Indian Oil Corporation Limited is set to announce dividend for its shareholders. The board will meet on April 30 to consider and approve the proposal for dividend payment.

IOC RECORD DATE

The board will also announce the dividend record date along with the amount. The dividend yield is nearly 4 per cent.

In a regulatory filing, IOCL emphasized that dividends represent a form of appreciation extended by a company to its shareholders as a return on their investment. This compensation serves as a tangible acknowledgment of the shareholders’ contribution to the company’s growth and success. Through this financial reward, companies like IOCL aim to incentivize continued investment and maintain investor confidence in their financial performance and future prospects.

DIVIDEND YIELD

Indian Oil shares have a high dividend yield of 3.80 at the current market price of Rs 172 apiece.

DIVIDEND HISTORY

In 2023, IOC paid dividend twice — Rs 5 in November and Rs 3 in July.

In 2022, the company paid dividend twice — Rs 2.40 in August and Rs 4 in February.

In 2021, Indian Oil had distributed dividend on four occasions to its investors.

IOC: Indian Oil Dividend Announcement 2024