IOC dividend 2024: Indian Oil announces Rs 7/share payout—check out record date, payment date

IOC dividend 2024 record date, IOC dividend payment date: Indian Oil Corporation (IOCL), the state-owned oil marketing company (OMC) on Tuesday, April 30 announced a Rs 7 per equity share dividend along with its fourth quarter (Q4 FY24) numbers. The dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the company.

IOC dividend 2024 record date

The record date for payment of dividend will be fixed and intimated in due course the company said in its regulatory filing. 

IOC dividend payment date

The final dividend, if approved would be paid within 30 days from the date of declaration at the AGM, the company's filing said. 

"Board has recommended a final dividend of 70% 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, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company. The final dividend would be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend would be fixed and intimated in due course," the company's filing said. 

Indian Oil Q4 Results

Indian Oil Corporation posted a standalone net profit of Rs 4,837.7 crore for the March quarter, down 40 per cent compared with the previous three months. The net profit for the fourth and final quarter of the last financial year fell short of analysts' expectations. Read more on Indian Oil Q4 Results

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 in the last 12 months. It paid a dividend of Rs 5 in November and Rs 3 in July.

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