Indian Oil Dividend 2024: This PSU may announce dividend soon - Check share price, dividend history and other details
Indian Oil Dividend 2024: 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.
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.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
12:28 PM IST