Oil India dividend: PSU announces payout; check out amount, record date, payment date

Oil India dividend 2024: State-run crude oil company Oil India Ltd on Friday, March 8, announced an interim dividend of Rs 8.5 per equity share for the financial year 2023-24. That marked a second interim dividend for the financial year.

Oil India dividend record date 2024 latest news

On March 1, the company announced a record of March 18 for any such dividend. 

Oil India dividend payment date 2024

The company's second interim dividend for the year ending March 31, 2024, will be paid on or before April 7, according to a filing on Friday.

"Second Interim Dividend of Rs. 8.50/- per share (85% of paid-up capital) for the financial year 2023-24. The Second Interim Dividend 2023-24 will be paid on or before 07th April 2024," the regulatory filing dated March 8 said.

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Oil India dividend history

The Maharatna company has announced interim dividends to the tune of Rs 9 per equity share in the last 12 months.

Oil India dividend yield

At the current market price of Rs 630.2 per share, Oil India's dividend yield stands at 1.42 per cent.

Oil India share price history

Oil India shares have rewarded investors with a return of 135 per cent in one year, sharply outperforming a nearly 27 per cent rally in the headline Nifty50 index.

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