Indian Oil Dividend 2024: This PSU may announce dividend soon - Check share price, dividend history and other details

Indian Oil Dividend 2024: Indian Oil, a public sector undertaking (PSU), is all set to declare its next dividend. According to an exchange filing, the decision in this regard will be taken during the meeting of the board that is scheduled to take place on April 30. The dividend amount will also be fixed in the meeting.

With a dividend yield of 3.82 per cent, this PSU is one of the top dividend-paying stocks.

A dividend is a way of rewarding investors by paying some cash depending on the number of shares held by investors.

"Indian Oil Corporation has informed BSE that the meeting of the Board of Directors of the company is scheduled on 30/04/2024, inter alia, to consider and approve audited financial results for the quarter and year ended 31st March 2024 and declaration of final dividend, if any," the company said in a statement on BSE.

Indian Oil Dividend 2024 Record Date

The company has said that it will most likely announce the record date on April 30, the day when the meeting is scheduled to be held. 

The record date is important for a company as it helps them identify the eligibility of investors for the corporate action.

Indian Oil Dividend History

As per the data available on the official website of the BSE, the company had paid dividends twice to its investors. It paid a dividend of Rs 5 in November and Rs 3 in July.

Indian Oil Share Price History

As per BSE analytics on April 26, the counter of Indian Oil opened in green and went on to touch the day's high of Rs 172.50 or 1.28 per cent higher than the previous close of Rs 170.30. 

As per BSE analytics, Indian Oil shares have delivered a positive return of 302 per cent in 2024 so far. In six months, the PSU stock has rallied a solid 100 per cent.