Dividend Stocks: Indian Oil Corporation (IOCL), the country’s largest oil marketing company, is going to give interim dividend to its shareholders for the financial year 2025-26. Indian Oil will pay a dividend of Rs 5 on each share of face value of Rs 10 to its eligible shareholders. The company had declared an interim dividend of Rs 5 on Friday, December 12 itself. Along with this, this government company had also announced the record date for dividend, which is very near. The record date for this interim dividend has been set for Thursday, December 18, Indian Oil Corporation said in a filing to stock market exchanges. Indian Oil shares will trade ex-dividend on December 18.
When will the dividend money come to the bank accounts of investors?
Let us tell you that on the day when the shares of a company trade ex-dividend, the benefit of dividend is not available on the new shares purchased on that day. If an investor wants the benefit of dividend then he has to buy shares a day before the record date. In the case of Indian Oil, the benefit of dividend will be available only on shares purchased till Wednesday, December 17. The company said in its exchange filing that on the record date, the dividend money will be transferred to the bank accounts of those shareholders whose names are found in the records on or before January 11, 2025.
Shares of government oil company closed with gains on Friday
On Friday, shares of Indian Oil closed at Rs 163.60, up Rs 1.95 (1.21%) on the BSE. The shares of the company, which closed at Rs 161.65 on Thursday, opened at Rs 162.50 with a rise on Friday. During trading, it witnessed further rise after the announcement of dividend. During trading on Friday, shares of Indian Oil ranged from an intraday high of Rs 164.85 to an intraday low of Rs 162.05. Let us tell you that Indian Oil shares are trading around their 52 week high. The 52 week high of shares of this government oil company is Rs 174.45 and its 52 week low is Rs 110.75.
Disclaimer: This article has been written for information purposes only. Always consult your financial advisor before making any kind of investment or taking any financial risk. India TV will not be liable for any kind of risk.
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