Indian Oil final dividend 2024 record date: Last date to buy PSU Maharatna stock for final dividend today

Indian Oil Corporation Limited Dividend 2024 Record Date: Maharatna PSU oil and marketing company (OMC) firm Indian Oil is all set to reward its investors with a final dividend as the record date of its final dividend, announced in its Q4FY24 results in April, is today (July 12, 2024). 

Indian Oil announced its final dividend at the time of announcing its fourth-quarter results on April 30. It announced the record date in another filing on May 30.

Indian Oil final dividend 2024 final dividend  

On April 30, the Maharatna PSU recommended a final dividend of 70 per cent for the year 2023-24, i.e., Rs 7.00 per equity share of face value of Rs 10 each on the paid-up share capital.

Indian Oil final dividend 2024 record date 

In another filing on May 30, the company said; "Friday, July 12, 2024, as the record date for the purpose of determining eligibility of members to receive final dividend for the year ended March 31, 2024."

Indian Oil Dividend Yield 

IOC has a dividend yield of 7.19 per cent, which is one of the highest among PSU stocks.

Indian Oil Dividend History

According to Trendlyne, Indian Oil paid an interim dividend on November 10, 2023, while it paid two final dividends on July 28, 2023, and August 11, 2023, respectively.

Prior to that, it announced interim dividends on February 9, 2022, and November 11, 2021, respectively.

Indian Oil Share Price History

The stock is down by 1.27 per cent in the one-month period, while it has risen by 23.22 per cent in the six months and 70.22 per cent in the one year. 

Benchmark Nifty 50, meanwhile, has risen by 5.03 per cent in the one year, 11.88 per cent in the six months, and 26.37 per cent in the one-year period.

The 52-week high for Indian Oil is Rs 196.80, while the 52-week low is Rs 85.51.   

What does Indian Oil do?

Indian Oil is a Maharatna with its business interests in refining, pipeline transportation and marketing, exploration and production of crude oil and gas, petrochemicals, and gas marketing.