IOC Record Date for Dividend 2024 and IOC Share Price Dividend History

Indian Oil Corporation Limited

IndianOil, often known as Indian Oil Corporation Limited (IOCL or IOC), is a multinational oil and gas business based in India. It is owned by the Ministry of Petroleum and Natural Gas of the Government of India, with its headquarters located in New Delhi and its registration in Mumbai. As of 2022, IndianOil is ranked 94th out of the world's largest corporations on the Fortune Global 500 list. 

This is the country's largest government-owned oil production facility, with an annual capacity of 80.55 million metric tons per annum (MMTPA) and projected to increase to 107 MMTPA by 2024–2025. Refinement, pipeline construction, petroleum product sales, and natural gas and petroleum production are all part of IndianOil's business. The business operates in Mauritius, Sri Lanka, and the Middle East, in addition to expanding into renewable energy.

IOC Record Date for Dividend 2024

The final dividend record date for Indian Oil Corporation's (IOCL) 2024 fiscal year has been announced. The record was created on Friday, July 12, 2024. This suggests that stockholders who own IOCL shares on or before this date will get a dividend of Rs 7 per share.

The announcement followed the release of IOCL's Q4 FY24 financial results. These numbers showed a significant annual drop in the company's total net profit of 49.96%, from Rs 10,289.82 crore in Q4 FY23 to Rs 5,148.87 crore. Despite the drop in profits, IOCL is unwavering in its resolve to give its stockholders this dividend. The Bombay Stock Exchange (BSE) saw IOCL shares close at Rs 161.95 apiece on May 30, 2024, indicating a 1.88% decrease. 

IOC Share Price Dividend History 

Indian Oil Corporation (IOC) has a history of giving its stockholders dividend payments. An overview of their most recent dividends is shown below:

• Final Dividend 2024: Set to take effect on July 12, 2024, and announced on April 30, 2024. 70% of the dividend, or ₹7.00 per share, is distributed.
• 2023 Interim Dividend: Declared on October 31, 2023, and going into effect on November 10, 2023. 50% of the dividend, or ₹5.00 per share, is distributed.
• Final Dividend 2023: Set to take effect on July 28, 2023, and announced on May 16, 2023. 30% of the dividend, or ₹3.00 per share, is distributed.

The Q4 FY24 data were released along with the record date for the most recent dividend. IOC announced a ₹7 dividend for each equity share.

IOC Dividend Ex-Date

Friday, July 12, 2024, is the ex-dividend date for Indian Oil Corporation's (IOC) final dividend for the fiscal year 2023-2024. This is the deadline for selecting the stockholders who will receive the final dividend. You can get the dividend if, prior to this date, you were the owner of IOC shares. It's crucial to remember that the share price typically decreases by the dividend amount on the ex-dividend day. Therefore, if you want to receive the dividend, you should purchase the shares by July 12, 2024.