Indian oil interim dividend

Indian oil interim dividend

Indian Oil Corporation Limited Declares Interim Dividend

On March 6, 2026, Indian Oil Corporation Limited (IOC) announced its second interim dividend for the financial year 2025-26 during a Board meeting. The company declared a dividend of 20%, which translates to Rs. 2 per equity share of Rs. 10 each.

The record date to determine eligible shareholders for this dividend has been set for March 12, 2026. Payments to eligible shareholders are expected to be made on or before April 5, 2026.

This announcement follows the company’s first interim dividend of ₹5 per share, which had a record date of December 18, 2025, and a final dividend of ₹3 per share with a record date of August 8, 2025.

As of the date of the announcement, IOC’s market capitalisation stood at ₹2.41 lakh crore. However, the stock has faced challenges recently, declining approximately 9% in the week leading up to the dividend announcement.

For resident shareholders with a valid Permanent Account Number (PAN), a 10% tax deduction at source (TDS) will apply to the dividend payments. Conversely, shareholders without a valid PAN will incur a 20% TDS on their dividends.

To benefit from TDS exemptions, shareholders must submit the necessary documentation by the record date of March 12, 2026.

This sequence of events is significant for shareholders as it reflects the company’s ongoing commitment to returning value to its investors amidst fluctuating market conditions.

As the situation develops, shareholders and market analysts will be closely monitoring IOC’s performance and the impact of the dividend on investor sentiment.

Details remain unconfirmed regarding any further strategic decisions that may arise from this announcement.